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 > RML SP UP 50%

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Comment by CAinPlapon May 18, 2023 3:33pm

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Post# 35455155

RE:RE:RE:RE:RML SP UP 50%

I didn't have the "stones" to avg down unfortunately. Was invested B4 asset seizure and bought more after award was first announced not taking into consideration the long wait to get award.
Quick and dirty back of the napkin calculations:
award - approx 1.8 billion including interest, assume lose 1/3 to lawyers leaving 1.2 billion, divide by outstanding shares of 564K(this may not be accurate) = over $2/share

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