"Rusoro is working to complete a Definitive Feasibility Study and the Environmental Impact Assessment by Q2, 2010. Additional infill drilling for the Choco 10 and Increible 6 gold deposits is scheduled to begin in the next few months. Updated measured and indicated resource estimate s for both Choco 10 and Increible 6 are to be released before the end of Q4, 2009. Subsequently upon final pit design, mineral reserve estimates will be completed as part of a Definitive Feasibility Study.

George Salamis, President stated: "We have an aggressive plan to move the Choco 10 expansion to production by the end of 2012. During the next nine months we will be focused on completing the Definitive Feasibility Study, optimizing the capital program and will be seeking the necessary permits for this four fold production expansion.”

Once again, the company and it's management are making some fairly bold statements that are nothing more than HYPE! This is why they were trying to distance themselves from US stock regulation and over-site.

As we have seen, "Permits" can take time to get through the system and they publicly predict they will be in production by end of "2012."

IHO: (1.) Fat chance! (2.) These are some bad dudes.