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 > Citgo

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Comment by Amadeuson Sep 30, 2024 6:54am

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Post# 36246486

RE:RE:RE:RE:RE:Citgo

Totally agree Sam. It will be interesitng to see how RML and GRZ open today and move this week

If you're interested in the arbitration cases, take a look at Panthera (LSE:PAT). Their forthcoming case against the Indian government is funded on a non recourse basis to the tune of $13m by LCM, one of the most succesful litigation funding co's of recent times. PAT is capitalised at £13m ($17m) at 6.75p. The sp has been held back IMO by the fact that the level of the claim has not yet been announced. It looks like being in the region of $750m, 57 times the current mcap. Long way to go of course but well worth investigating. Am.

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