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 > Beware of auction

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Comment by GoldenOrbon Oct 19, 2023 2:12pm

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Post# 35691340

RE:RE:Beware of auction

CITGO is worth more than the 10 to 13 billion dollar value mentioned in post.
Business Operations/infrastructure on CITGO's level garner a sale price more than 3 to 4Xs earnings.
Maybe 10Xs earning? Definitely inplace structures & production (in play) are worth much more to the Big Oil companies than 3 to 4 Xs earning I would say.
Building cost alone at today's inflated scale make existing efficently functioning & maintained complexes very valuable. Especially those in the USA (given the regulations involved).. GLTA

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