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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

Post by Casper41on Sep 26, 2021 7:57am
470 Views
Post# 33920421

Figure the odds

Figure the oddsThe award of $1.62B US is 60 times RML's current mcap at 6c Canadian.  Even if they only eventually get one sixth of the award, that's a 10 bagger. Why would VZ voluntarily dismiss its own appeal unless it wanted to settle the matter. Look back to 2018 when VZ came to RML to try to come to a deal which as I recall was thwarted by the Canadian banks refusing to accept the $100m sent because of pressure from US sanctions. Buying at 6c, the odds are vastly in your favour.
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