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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.


TSXV:RML - Post by User

Bullboard Posts
Post by michaelvimon Oct 14, 2018 2:15pm
86 Views
Post# 28797656

While I agree the chinese r most likely behind this

While I agree the chinese r most likely behind thisWe already know the russians r as per RML's president. But even if they weren't, The gov in ven still (like most countries) has the ability to print Bolivars, which they clearly do! So, They can theotrically print as much bolivar as they wan't convert to USD, pay RML and co develop the property at the same time. U can make all kinds of ethical points, of course the obvious being that the people r starving. But unfortunatlely corrupt gov combined with capitalism and greed don't give a fuc%. So as Bieber would say this is a "no brainer" at this price! The gov wants the gold, all the infrastructure and equipment r there already. 
Bullboard Posts