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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

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

Comment by Amadeuson Oct 21, 2024 10:10am
145 Views
Post# 36274626

RE:Off topic for those searching for other caseses

RE:Off topic for those searching for other casesesI agree with Rider. Panthera's prospective claim of $750m is 42 times the current mcap at 7p. LCM have put up $13m on a non recourse basis to fund the action against the Indian Gov. Actually it was the regional gov of Rajasthan which caused the problem but the central gov, are lumbered with it. They also made the mistake of subsequently putting out the licence to tender for other parties which thereby established its true or likely value which will be difficult for them to refute in court.
I feel that the quantum of the claim has not yet been announced in the (unlikely) hope that a prior settlement can be reached with GOI.
I currently hold this stock.  Am.
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