We have gone from the post r/s of under 10mn to 360mn in less than 3 months. Have you contacted the TA lately to see if anything has changed?.....Without the restricted shares or the float count we don't know if the o/s is the float. How can you say this if we don't have all this information?
Business Description: Mining, Oil and Gas - From its inception until 2005 the Company engaged in locating and developing base and precious metals and waste stream reclamation. The new Russell Industries; is a holding company for assets in the energy industry. With surging demand and red-hot energy market conditions, the company feels that energy is a great marketplace to focus their efforts for the immediate future.
Primary State of Incorporation: Nevada Fiscal Year End: December 31
Country of Incorporation: USA Year of Incorporation 1997
RSDS -- Russell Industries, Inc. - RSDS is not less worth than in June 2006 - at that time we didn't own -
Ex. The Payday mine - uranium - vanadium properties -
RSDS well, with fair market value - RSDS should be higher today than in June 2006 -
The Payday mines - East Canyon near Monticello, Utah -
The property has 54 mining claims covering an area of almost 2 square miles -
The claim group covers an area where the favorable upper rims of the salt wash member of the Morrisson Formation (Jurassic in Age) exist almost intact -
Operating History - The Vanadium Corporation of America - opened a vanadium ore-buying station at Monticello - in late 1940 and began mill construction in 1941 -
In 1943, Vanadium Corporation - began producing uranium-vanadium - for the Manhattan Engineer District (ATSDR, 1997) -
A 1942 photo of Monticello shows housing for mill workers in the foreground and uranium mill in background. The mill closed in 1960.
Construction of the Monticello plant - in addition to the mill proper, included the development of an adequate water supply, installation of a power plant, and construction of two large housing projects for workers -
The staff town site, on the hill opposite the mill - to the south, consisted of staff houses, manager's house, and family dwellings.
The other housing project consisted of family houses and bunkhouses and boardinghouses (ATSDR, 1997).
Intermediate owners and operators of the Monticello Mill Tailings Site included;
the War Assets Office; the Atomic Energy Commission (AEC); American Smelting and Refining Company; Galigher Company; Lucius Pitkin, Inc.; National Lead Company; the Bureau of Land Management (BLM); and the DOE (ATSDR, 1997). Mill operations were terminated on January 1, 1960.
The ore-buying station remained open until March 1962 (ATSDR, 1997).
The mill tailings were stabilized by grading and covering with dirt and rock between 1961 and 1962, and the actual mill building was dismantled in 1964 (DOE, 2002).
World War II brought further changes -
The Vanadium Corporation of America - (VCA) selected Monticello as a site for a wartime vanadium - processing mill.
It employed 200 workers until it closed in 1946 - only to reopen in 1949 as a converted vanadium and uranium plant -
During the 1950s, the mill processed large amounts of ore taken from the canyons of southeastern Utah; however, in 1960, the Atomic Energy Commission closed the plant.
Information obtained by the Atomic Energy Commission dating back to February and June 1955 the geo-statistical estimation of reserves with underground mining, estimated reserves from the Russell Industries 54 claim group would be 2 - 20 million pounds of Uranium (U308) An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%.
The Company intends to fully maximize the advantage of its ownership of the only conventional uranium mill operating in the U.S.
To that end, in addition to processing its own ore and alternate feed material, the Company has entered into negotiations for toll milling arrangements with other mines in the region.
The Company intends to fully maximize the advantage of its ownership of the only conventional uranium mill operating in the U.S.
To that end, in addition to processing its own ore and alternate feed material, the Company has entered into negotiations for toll milling arrangements with other mines in the region.
That's the Mesa futture - to feed 1000's of powerplants - all around the world - RSDS - to be re-discovered - re-mined, RSDS want pos. Shareholders & Mesa ditto - Imo. Tia.
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