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 > Could RML get over 1 $ by Friday ?

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Comment by CAinPlapon Oct 12, 2023 10:29am

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Post# 35680445

RE:RE:RE:Could RML get over 1 $ by Friday ?

Yes my back of napkin calculation is 1.8 billion award(including interest) divided by ~600 million shares = $3/share. Factor in 1/3 for the leeches,er lawyers and we should be left around $2/share. I believe there is an agreement in place regarding the legal funding fees but it is subject to NDA so not sure if 1/3 legal cost will be accurate.

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