Well, the total mining and processing costs will run closer to $70-90 per ton. The total trasportation costs will average more like $70 per ton with a large chunk up front. The economic viability of the operation is questionable at best.

On top of that, we don't really know if there is actually an amount worth mining at all. 5 drill holes from 1966 is NOT a reserve by any definition.

No, they will have their hands out for more money for more "exploration" for more years..... { 8^D

Highly doubtful.....like I said, if there was a good chance of finding anything worthwhile they would have done more drilling and exploration between 1966 and now. It's not like they just discovered anything.

As far as the "alluvial gold" goes, they looke for it for two years. If they had found some worthwhile amounts, they would have started mining immediately. They do need the money, right?

They have NOT announced ANY gold strike, have they? ALL they've got is a story to sell. The REAL gold mine is selling stock based on a STORY.

If there was a good possibility of gold, why didn't they do any test drills for it back in 1966? Or was that what they were actually drilling for and just found some barite, limestone and talc? { 8^D

Alf started out with half-truths, broken promises and lies. I've seen nothing to indicate he's changed his ways all of a sudden. So far, all investors have is a story from a guy whose told more than his share of whoppers already.

You said,

You say there's a major pump and dump coming? If they're waiting for the Mabwe symbol, it would probably be aimed more at that stock. I've suspected all along that the reason for buying RPTN, doing the reverse split and increasing the authorized shares is to mine investors pockets by selling shares of a "story".

Anyone who has information regarding RRHI releasing nonpublic information or otherwise violating SEC rules in order to entice investors, should contact the SEC Whistleblower program. The information does not necesarily have to come to you directly from an officer or employee. You may be entitled to receive a reward.

http://www.sec.gov/whistleblower

As I said in a previous post, investors can save themselves a lot of headaches if they become familiar with ALL of the requirements placed on US public mining companies before investing in RRHI. Look at what they have reported and pay close attention to what they have NOT reported.

"PR runs" can only boost the stock price temporarily. That's fine for the short term traders looking to make a buck off the rubes who fall for the promotions by selling into them. The price actually went down during the last "PR tun" though, as more shares were dumped into it than the market could absorb.


The only thing that would make this a worthwhile investment is performance, not more promotions, pumps and promises.

There is no "non-disclosure". It would serve no useful purpose. They do not have an operating mine. Unlike the barite mining companies in China and Mexico, this one MUST report to the SEC and other agencies.

Investors can save themselves a lot of headaches if they become familiar with ALL of the requirements placed on US public mining companies.

Before you get too excited about $150 a ton, you should find out the expenses entailed.

Nothing much happening other than the "D" being removed from Mabwe's stock symbol and that's pretty much a non-event.

Speaking of being 100% wrong.....

Back, almost 8 months ago, you said,

You asked,

You asked,

You asked,

I don't know, any company rich enough to afford to buy several Krupp Baggers (like the ones they feature prominently on their website) can surely afford to build a railroad line and purchase rolling stock to move their barite to the port. I'm sure we'll see pictures of brand new 100 ton ore cars soon.

Just a single 10 car train per working weekday can fulfill that small MOU. Of course, there are problems with the Zimbabwe rail system and they have had to go back to using a lot of coal locomotives but what the heck, just a couple of pictures of new diesel-electrics running on 132# ribbon rail pasted up on the website and problems solved! { ;^D

Yeah, I've been pretty sure that was the case all along.

After people got tired of hearing the old, "gold production starts soon" story, they switched to the "Dodge Mine story" and barite. I think they're hoping to stretch that story out for a year or more with various exploration chapters. All the while, mining for investors.

LOL! I think I saw that on PBS Nature or National Geographic. Truly amazing animals!

Hi Dunphy, could you elaborate a little for those of us without a lot of mining experience?

Thanks.

In view of WoW's post stating, "He never responds to emails." It didn't seem like it would be a fruitful endevor. I knew about LLSR but didn't follow it pre-Alf.

What do you think about RRHI's propsed placer operations in Zimbabwe using Extrac-Tec equipment. I think their first project is the "Hippo Pools". This is what they say on their website.....

You said.....

As I have said several times now, let's just say that TAG-Z does own Dodge mine. (It is, after all, the answer I was looking for.)

Since Tapiwa Gurupira owns 51% of TAG-Z, that means that he now owns 51% of Dodge mine. RRHI, which owns the other 49% of TAG-Z thus owns just 49% of Dodge mine. Correct?

NOTE: We will ignore the role of TAG Minerals for now.

The "We" above means those of us discussing the matter, of course. It is really only a suggestion to simplify and keep us on topic, though. So, if you think you have something relevant to introduce regarding the role of TAG Minerals, be my guest.

Exactly, and my reply in post #2153?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77690389

Putting that aside for now, let's just say that TAG-Z does own Dodge mine.

Since Tapiwa Gurupira owns 51% of TAG-Z, that means that he now owns 51% of Dodge mine. RRHI, which owns the other 49% of TAG-Z thus owns just 49% of Dodge mine. Correct?

NOTE: We will ignore the role of TAG Minerals for now.

TAG-Z is the answer I was looking for when I asked, "Can anyone tell the board who owns Dodge Mine?"

And, I have already said several times that we should just put that aside and just say that TAG-Z does own Dodge mine. But now I feel we should clear up your misconception. It does not matter what an 8-K says regarding a purchase. Only the purchase agreement itself is legally binding and enforceable.

What does the legally binding and enforeceable document say about the sale? Here is the description of the sale, from the Purchase Agreement, in its entirety.....

OK, conclusion jumped to..... Still, as I said, NO explicit mention of the sale and purchase of Dodge mine.

I'd hate to have to argue TAG-Z's ownership claim in a court of law in Zimbabwe if it was contested by Needham or Chiroswa. But, be that as it may, as I said in my follow on post.....

Putting that aside for now, let's just say that TAG-Z does own Dodge mine.

Since Tapiwa Gurupira owns 51% of TAG-Z, that means that he now owns 51% of Dodge mine. RRHI, which owns the other 49% of TAG-Z thus owns just 49% of Dodge mine. Correct?

NOTE: We will ignore the role of TAG Minerals for now.

You should include the WHOLE comment.....

Ok, putting aside for now the fact that there is NO specific mention of the sale or purchase of Dodge mine in the purchase agreement, let's just say for now that TAG-Z does own Dodge mine.

Since Tapiwa Gurupira owns 51% of TAG-Z, that means that he now owns 51% of Dodge mine. RRHI, which owns the other 49% of TAG-Z thus owns just 49% of Dodge mine. Correct?

I was wondering when someone would finally try to answer the ownership question. Perhaps we can clear up a few items for potential investors.

So, do you feel TAG-Z owns Dodge mine? I know it says so in the PR but having read the purchase agreement, but I found it rather odd that the purchase agreement talks explicitly about the purchase and sale of shares of Chiroswa but does not say anything specifically about the purchase or sale of the land, the mine or mineral rights. No legal description of the property, rights, access, easements or rights of way.

I would think those things would be insisted upon by anyone actually purchasing a mine! At least if they had any intention of ever having a working mine rather than just a "story".

Link to Purchase Agreement filed with SEC.....
http://sec.gov/Archives/edgar/data/1413299/000114420412008103/v302341_ex2-1.htm

After reading the agreement, do you think TAG-Z owns Dodge mine?

Thanks for your replies Dunphy. It looks like your appearance on the RRHI board scared off the shills. at least temporarily. I thought there might actually be an investor or two who would be curious and ask some relevant questions.

I've been asking about the ownership of the Dodge Mine, hoping to get any real investors or potential investors to look into that for themselves so they could see the impact of the Zimbabwe Idigenization Law. Also, I was hoping some would be industrious enough to go back and look at the original purchase agreement.

I found it rather odd that the purchase agreement talks explicitly about the purchase and sale of shares of Chiroswa but does not say anything about the purchase or sale of the land, the mine or mineral rights. No legal description of the property, rights, access, easments or rights of way.

I would thik those things would be insisted upon by anyone actually purchasing a mine! At least if they had any intention of ever having a working mine rather than just a "story".

It seems the investors here are not even aware of just who owns the supposed largest asset, Dodge Mine. Not one of them has been able to answer this simple question.....

Exactly WHO owns Dodge Mine?

How good is an MOU if you don't even know who benefits and in what proportion?

The short and simple answer is no. Using purely example figures, if the reserve is $1,000,000 and it cost $1,000,000 to extract it, the net value is ZERO. Of course, that doesn't take into account all sorts of other things such as the risk factors (accidents, law suits, theft, etc.), other normal and extraodinary costs of doing business and, perhaps most importantly, the time value of money invested.

All of whatever is being mined will not be extracted instantly. $1000 worth of something extracted 20 years from now is obviously not worth $1000 today. Then you also have to take into account that as the mining operatons progress, the value of the reserve will decrease putting downward pressure on the stock.

Ok, I'm sure that others here could add a lot to that but I think you get the general idea that it's way more complicated.

As 1manband said on the Mining Company Research Board.....

It seems like the investors here are not even aware of just who owns the supposed largest asset, Dodge Mine. Not one of them has been able to answer this simple question.....

Exactly WHO owns Dodge Mine?

How much good is an MOU if you don't even know who benefits?

From the April 26, 2011 PR.....

Hi Anvil, I am very skeptical of this as an investment, myself. If you look at the IBox above, you will see that it is a complex structure of a parent company, RRHI, an 80% owned public subsidiary, Mabwe Minerals [RPTND], a wholly owned private subsidiary, TAG, and a 49% owned foreign subsidiary, TAG-Z.

They started out trying to find "alluvial gold" using basically some hobbiest equipment (a couple of extrac-tec HPC-10's). If you read the sticky, Broken Promises, you will see that for about a year and a half they have issued PR after PR after PR touting gold production beginning "soon". To date, NO gold!

The CEO/CoB was touted on various boards as "The Mineral King of Wall Street". A check into his "resume" shows bogus positions listed (CEO/CoB of shelf companies which existed only on paper and had NO OPERATIONS).

They've announced "proven reserves" which posters on the Mining Company Research Board have said do not meet the legal requirements for proven reserves.

Their website features photos of mining equipment and mining operations they do not have and smelted gold which they do not have.

There are quite a number of red flags and there are more that I have not mentioned. One of the latest is the inability of "investors" to name exactly just who owns Dodge Mine. The very thing touted as the reason to invest. { 8^D

Well, I have to go run some errands. I'll be back later today. Enjoy the day.

Just in case you haven't already read it, and to provide a little background on RRHI and Dodge Mine, here is the original PR (RRHI used to be Lantis Laser - LLSR).....


Lantis Laser’s Operating Affiliate TAG Minerals Zimbabwe (Private) Limited Diversifies into Barite, Limestone, Talc and other soon to be announced mineral/metals acquiring 100% of World Class Dodge Mine Blocks 1-6

FREEHOLD, N.J., February 7th, 2012— Lantis Laser Inc. (OTCQB symbol: LLSR), is pleased to announce today that its operating affiliate TAG Minerals Zimbabwe (Private) Limited (TAG-Z) has acquired 100% of World Class Dodge Mine Blocks 1-6 in exchange for $433,000 cash. The property consists of three hydrothermal mountains representing 123 hectares containing multiple deposits of superior grade barite, limestone and talc. The smallest mountain was partially drilled in 1966, consisting of only 5 drilling holes with related ADIT portals. The results of the drilling program indicated that there were proven reserves of 359,000 tons of barite, 1,000,000 tons of limestone and 150,000 tons of talc and inferred reserves of 600,000 tons of barite and 5,000,000 tons of limestone.

With a world-wide shortage of high grade barite, the timing of acquiring Dodge Mine could not be more beneficial to the oil & gas drilling sector with the recent massive discovery of oil off the coast of neighboring Mozambique and new drilling contracts expected in the Middle East, Central/South Africa and Western Australia. Barite is used as a weighting agent for drilling fluids in oil & gas drilling applications. Due to its unusually high specific gravity, milled barite is pumped into drill holes to offset high formation pressures and prevents explosive blowouts of oil and gas. In the Gulf of Mexico, home to the largest concentration of active rigs world-wide, up to 5M tons of bulk barite was shipped in 2010 primarily from China/India to tier-1 barite milling facilities owned/operated by companies like Halliburton, M-I Swaco and Excaliber Minerals. The barite deposits throughout Dodge Mine are hydrothermal veined structures of very high grade crystalline with up to 40% free of trace mineralization meaning that a large portion is 100% Barium Sulfate (BaSO 4 ).

Hydrothermal barite deposits throughout Dodge Mine represent the highest grade of new barite sources to be announced in recent years. Extraction of these minerals is through standard open-pit operations further reducing the mining costs. White barite, the highest grade of the barite deposits on Dodge Mine, expands the business opportunities for the company to include paint and automotive applications that pay a premium for bright white barite. A third party oil & gas drilling sector geologist recently confirmed that the multiple barite deposits are considered 100% recoverable. Management of TAG-Z is encouraged by this rate of recovery compared to certain lower grade sedimentary barite mines in Nevada with which it is familiar classified as only 45% recoverable. Recent testing within the oil & gas drilling sector confirmed the barite quality exceeds the specifications for API grade applications. The company is currently pursuing partnership opportunities within the USA.

Other high quality minerals on the property associated with this hydrothermal mountain range include limestone and talc. Applications for these minerals include cement, cement derivatives/aggregates, paint, automotive and refractories. The company is currently discussing mineral business opportunities with an established Internationally known cement manufacturer that has a cement facility within close proximity of Dodge Mine as well as targeting companies in South Africa that have no in-country access to barite for non API-applications that also utilize limestone and talc to support various industry applications.

Included in the 1966 drilling report were comments documenting the widespread occurrences of gossan deposits. As noted in the Dodge Mine Prospectus provided by the previous mine owner in 2011 during the company’s due diligence period, these massive sulphide deposits most likely point to gold, nickel, copper and lead. The presence of these metabasalts typically indicate gold in the host rock. With the largest gold producer in Zimbabwe nearby, the company intends to initiate a drilling program this year to develop a bedrock gold mining plan, develop a mining plan focused on the gossan mineral/metal deposits as well as document the proven reserves of barite, limestone and talc. We anticipate the proven mineral reserves alone to be in excess of $600 million based on undocumented outcroppings, information provided by the prior mine owner, the 1966 drilling report and visual recommendations by third party geologist but further core drilling is required to establish these proven reserves. The company will initiate a gravity based mapping program this quarter leading to select core drilling to establish the reserves. In addition, expansion plans are on-going by TAG-Z to secure contiguous and adjacent properties as strongly suggested industry experts.

Al Pietrangelo, President & CEO of Lantis stated, “USA bulk barite production in 2010 accounted for only 13% of U.S. demand in the oil & gas drilling sector with bulk barite prices rising dramatically the last 12 months along with indications from the primary providers from China/India of continued price increases related to the world-wide shortage of high grade barite.” Mr. Pietrangelo further commented, “The entrepreneurial opportunities throughout Zimbabwe are tremendous in our opinion with the U.S. Embassy in Zimbabwe recently promoting Zimbabwe’s economic recovery and growth in their recent press releases citing Zimbabwe is open to U.S. business along with the lifting of the international diamond ban last quarter.” He continued, “We believe that we are at the right place at the right time with the right team to expand into other mineral and mining opportunities.”

Hi Dunphy, thanks for your replies over on the Mining Company Research Board. I appreciate the information.

I hope you can at least check in here from time to time as I'm sure there will be many questions about mines and mining you can answer.

Regarding the Feb. PR & 8-K, the two quotes in this link are from both of them (one from each). I have posted about them previously (quite a while ago). I've posted a few times about the 5 drill holes and report done way back in 1966 and how they are next to meaningless.

Still, no one has come up with an explanation of just how Alf plans to comply with the Zimbabwe Indigenization Laws regarding Dodge Mine. The obvious, most simple solution is that the "mine" never becomes operational and is simply used as a "story" to pump the stock. Of course, that may not be the only solution but we have yet to hear any other plausible answer. { 8^D

Can anyone tell the board who owns Dodge Mine?

There's one of those pesky weasel words again.....