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 > Way overvalued

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Comment by CAinPlapon Nov 08, 2023 10:15am

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Post# 35723486

RE:RE:RE:Way overvalued

As math does not seem to be your strong suit, I'll give you the back of the napkin calculation:
Award with writ in hand including interest equals 1.8 billion. divide by 600 million equals $3/share. Factor in a third for legal expenses leaves $2/share. Seems like alot of meat left on the bone to me.
We do thank you for your concern tho. ;)

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