SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Laser who wrote (332)8/13/1999 3:23:00 PM
From: Tim Hall  Read Replies (2) of 2392
 
<<OK ... IUC is processing 7000 tons under the name of Jim Butts (the ex-contractor of IUC but the mining contractor for IUC you conveniently mention in your post)... On 10-1-98 Mr. Butts the IUC contractor helped to form WVLLC. Mr. Butts is a managing director of WVLLC PLUS the largest interest holder. ALso Mr. Butts assigned his personal contract with IUC to WVLLC on 10-1-98 which is how he became the largest interest holder. Almost a year ago. How convenient this General Manager of the closing mining operation knows nothing about this.>>

According to Mr. Butts, he just recently has come to an agreement with WV and the final papers should be signed soon. All agreements with IUC are complete and were not done under WV but by Jim. He does have some of his own permitted properties which will become part of WV. He does not know when the company will be mining anything in the near future due to the price of vanadium and uranium being so low. If they can find a market for the finished product, they might pay IUC to toll the ore for them. He felt that the info. that WV had on their website was not completely accurate but he has been assured that nothing else will be released until he ok's it. Then Mr. Butts had to go. He also operates a large farm/ranch complex and he was headed out to cut wheat.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News