Raptor Resources Holdings,Inc. (fka RRHI)

[pitboss22]

To put a little more context into the discussion....

'1manband' posted

> I don't know how long you have been on I-Hub, but it won't take you long to discover the absolute shocking lack of knowledge and naïveté of posters regarding mineral exploration and mining. One of the most common is that people don't understand what is required to bring a property to production. They think the first sign of gold in samples guarantees a property is absolutely full of gold, can begin production immediately, and will absolutely make them all rich. Reserve categories, feasibility studies, and permitting never enter into the discussion. Unless we are the ones to introduce it. If nothing else, bringing the facts and some sanity to the discussion may not always be welcome, but I think it is important. Because if the posters and readers are not exposed to the cold hard facts, they will never understand the process and will continue to fall for BS, pump and dumps, and scams. No one can make them read the facts and learn the truth, but I think at least someone should make the facts available.

For some reason people don't realize pictures are meaningless, especially because so many scams steal the photos from other websites. They often photoshop them, too. I can think of several recent scams with great pictures (and sometimes video) on their websites - all lifted from legitimate operations. Pretty common stuff.
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I posted in response

> 1manband, Raptor Resources Holdings, Inc. [RRHI] is one of those companies that use "faked" photos. They recently brought their website on line and there are a number of photos depicting mining operations, equipment and ore that the company simply does not possess.

Company website: http://raptorresourcesholdings.com/

http://www.istockphoto.com/stock-photo-17788441-giant-bucket-wheel-excavator-at-night.php
Bucket wheel excavator - actually belonging to a German coal mining company and located in Nordheim, Germany - Used as wallpaper on RRHI website

http://www.grindingmachine.org/images/sbm/rocksand-grinding-machine.jpg
Picture of ore piles and elevator - actually advertising image from a Shanghai, China equipment company - Used in slide show on RRHI website, Home page

Picture of smelted gold bars and gold dust in collector used in RRHI website Image Gallery - To date, the company has not produced any gold.

Pictures of barite ore look like crushed, cleaned and classified ore dumped on the ground by a truck. The company does not own any mining or processing equipment.

I have the feeling that all the pictures aside from scenery are faked or taken from elsewhere.

The company has announced in a PR, "proven reserves", based on only 5 test bores done way back in 1966! I don't think it's a coincidence that they left out any mentions of this in the official SEC filings.

They recently announced they will begin gravity mapping soon.

Any thoughts?
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'1manband' responded

> I don't follow RRHI, but everything you posted about it is a huge red flag. The unusual company structure and the recent entry into the resource industry with management without resource experience is quite worrisome. Plus, legitimate companies don't use fake photos and intentionally obscure management's background.

What is especially questionable is claiming reserves without the legal requirements to do so. They cannot legally call anything a "reserve" without a bankable feasibility study proving any mineralization is present AND can be extracted legally and economically. I see no bankable feasibility study here, especially if they are basing the "reserves" on a handful of almost 50-year old holes. If management doesn't understand the legal requirements of a reserve, they have absolutely no business running a public resource company. And, if they do understand the legal regulations and are still making these claims, they are clearly not qualified to run a public company for very obvious reasons.
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