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.

TSXV:RML - Post by User

Rusoro Mining Ltd

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Comment by Drillheadedon Nov 06, 2018 10:06am

58 Views

Post# 28930013

RE:RE:RE:RE:RE:RE:RE:RE:Canadian Sanctions

Doc, can you post the link where it states the contingency fee is 40% ($480 million)?
It seems like I missed it, my bad...
Just a link would be fine - thanks...

DoctorAuric wrote: Maybe they'll pay the $100 million, after all they want that data.
VZ debt is trading at 20% on par value.
40% contingency fee means $480 million of settlement goes to law firm
balance sheet as of June 2018 indicates $100 million in debt
geopolitical situation for VZ sucks.

VZ and its neighbouring countries don't like each other. sporadic military conflict in the news.
the clowns in Caracas can't even launch an alt-coin.

moves afoot to educate public on nature of mining in VZ. Seems to be a bipartisan effort.

could still be a worthy investment if the risk is priced right.