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Peggy

03/31/11 10:01 PM

#1104 RE: Kubisiak5 #1103

Concur but ... make that several buts.

There is much about RAPT that we cannot be sure of.

First but ... are they really able to get 25K per ton out of what they process? They say they can but how do we know for sure. Just because they tell us it is true does not make it so. Plus no revenue has been announced that would tell us for sure. I think RAPT is legit but I have been fooled before. Plus as you point out, if they truly do have some proprietary process much better than anything else out there, why haven't the big guys gotten interested? If they are interested they are all certainly keeping their cards close to the vest.

Second but ... we really don't know how much processing capacity they have at this time. One point they made said they had only processed 20 tons. That means that they have 110 tons left to process ... with supposedly millions more tons floating around in Utah somewhere. They announced they were building a 10,000 ton per year facility ... but nothing heard about that either.

Not saving this is all hot air but it certainly is curious how this is unfolding ... or not unfolding as the case may be. And you are right, if what they say is true, they have a money machine with unlimited upside. Maybe they want their first revenue release to be astoundingly big ... or maybe things aren't working out as planned. I simply cannot be certain. If I knew the answer I'd go all in or run for the hills and not look back.

I guess in the back of my mind I am leery that something might not be exactly as it appears to be. But, I am willing to risk my modest stake given what could be a huge upside ... or I guess a colossal bag of wind.

At the end of the day I don't think anyone out there truly knows for sure. If they do, I've not been absolutely convinced. But intrigued enough to hang around a bit and see the audit and the 10K and the 10Q ....

Imperial Whazoo

04/01/11 1:51 PM

#1112 RE: Kubisiak5 #1103

My guess is that they need tailings that are already processed at this point because I saw nothing in any of their backgrounder info that mentions a ballmill or a roller mill or any similar grinding machinery. As such, the subset of tailings types they will be processing at the outset is most likely the type that is delivered to them already ground up.

Just thinking it thru, so I am engaging in pure speculation.

In any event, that is part of my reasoning in emploring them to co-locate out west. The existing sites out there that already have mills are logically the places to co-locate.

The alternative business plan is to build regional centers, but this plan involves obtaining and setting up the machinery. If you can piggyback on sites already running, all the regulatory hurdles and minutia will be taken care of by the operator of the existing site.

So, at present, my guess is they are receiving ground up rock but my belief is that the best future path will be one where they find existing mill sites and co-locate on them.

All brainstorming, mind you.

Imperial Whazoo