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

Bullboard Posts

Comment by Drillheadedon Jan 23, 2019 9:15pm

110 Views

Post# 29273690

RE:$1

Absolutely agree. Of course I would love it to go to 1$ but think people need to lower their expectations. To many uncertainties here. Do see it go much higher than mid .30's. Weird trading the last few days. Maybe something brewing- who knows.

zukuenftiger wrote:
For what reason should the course jump to $ 1 - that's unrealistic. Only because of the possible payment of a first installment ... never!
Should RML give up the payments and get the mines back, then the course would be realistic. After that, they could re-produce and explore ... or be taken over by a major Russian gold producer. The situation in VZ is chaotic at the moment and nobody knows where the journey is going. That's why I do not believe in a short-term positive solution. Nice Wednesday