Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

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.

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Rusoro Mining Ltd

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Comment by Drillheadedon Oct 24, 2018 1:35am

110 Views

Post# 28861718

RE:THERE is only two things that can happen here..

Spot on. Good post. Patience needed no matter what...

Nosleep wrote: 1. We get paid in full over 5 years and get our JV with VZ and anyone that stays in the stock makes a ton of money.

2. We don't get paid, and we have to go through the arduous process of collecting Venezuelan assets to see any return.

It's as simple as that. Everything else in between is just churn.

I will stick with my theory that VZ would NOT come forward with an offer to settle on their own unless they were serious about it. Why bother otherwise. It would just look even worse in world courts.

nosleep