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: Richard Mazzarella who wrote (465)8/16/1999 11:27:00 AM
From: Tim Hall  Read Replies (2) of 2392
 
Richard,

If this deal goes through, ORXX will have some small Uranium/Vanadium mines in Utah and Colorado. However, they do not have a mill or a market. There is a mill in the vicinity that belongs to International Uranium. If the price goes up they might be able to sell ore to IU. However, IU does have their own mines in the area also. They have yet to announce any reserves or grade with respect to these mines.

They will also have some old gold mines in Arizona and from one report I have seen, they have maybe 5000 tons of ore that averages between .33 and .5 oz per ton. There is potential for more ore in the area but it is in the form of quartz veins that will entail expensive underground mining. They claim to have contracts with Phelps Dodge to sell their Silica tails but even if they do have these contracts they are worthless. Phelps Dodge has permanently closed all of their copper smelters in Arizona.

If there is a technology play here at all it is with Haber. If this test at their Santa Maria Gold Mine works and proves Haber technology then Haber will be the winner. From the information posted so far, I can't see where this company has enough reserves to really take advantage of Haber's technology if it works.

Tim
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