EboJr - RAPT is trying to leverage the excitement over their technologies - bio-fuels have been hot but most of the public companies have gotten beaten up with poor project economics. RAPT has been really pretty silent on how their technology will be a game changer - hope Dr Dundore is able to provide a bit more info on that. The area I am most interested in is the mineral processing technology - again no public info on what they are doing but reading between the lines and Dr D's background, seems that solvent extraction is involved. also curious is that their press release appears obliquely written - mentions $25,000 per ore/tailing ton but is not specific on Raptor's fee(s) for processing - in usual transactions, Washoe would get the lion's share and the processor a smaller ammount. Would be nice to see details or get a feel for what this contract might be worth to RAPT shareholders. Another curious statement involves INX. While the release says INX Labs will do independent third party analyses - it is not clear who would collect the samples at the Washoe site or who those sample would be used - should be simple enough to sample the material prior to processing and then see the recovered metals. INX is also housed at RAPT's location - not sure how independent INX might be. Need to check and see if INX is an affiliate. Finally, Washoe only appears in RAPT press releases, no other mention on the Web exists - this is an unfortunate characteristics of many pink sheet announcement about transactions with a non-existant third party. Would be nice to hacve bit more detail on Washoe as this is a significant material event for RAPT shareholders.
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