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 > Auction Starts Tomorrow

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Comment by RIDER1975on Nov 08, 2023 2:49am

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Post# 35722920

RE:RE:RE:RE:RE:RE:RE:RE:Auction Starts Tomorrow

The reason for RML s rocketlike surging is the above mentioned auction. This year, the sp rel to their claim was lower then the price of VZ government bonds, despite the fact that collectiom must be eadier legally, and shares can be bought by US citizens opposed to VZ gov bonds. My enthusiasm is understandable, buying a share at 6-7 cent then selling some at 50 with a certain chance to do it again at 1 5-2 CAD is fascinating. The math is.easy: 1.5 bn usd , 2 bn CAD devided by 600mn shares. Minus legal costs, success fee for litigation finance company.

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