Replies to post #1751 on Raptor Resources Holdings,Inc. (fka RRHI)

[Knuck42]

I used Natural Resources Canada as an example. RRHI is not listed on any exchange that I am aware of except in the US.

The SEC Industry Guide 7 is a document that is dated somewhere around 1980 and is mostly geared towards the oil and gas industry (as far as I can tell) and to my knowledge it has not been updated to take into account modern technology, however there have been attempts to do so.

The Canadian version is somewhat more definitive and up to date taking into account our modern technology (for exploration and development purposes), i.e., gravity mapping.

According to your response, you have defined RRHI as a development stage company as they are engaged in the preparation of an established commercially minable deposit, i.e., the Dodge Mine and its reserves of barite per the 1966 report.

The gravity mapping and core drilling will most probably incorporate that part of the property that was not core drilled in the 1966 report as well as that part that was. This will most probably increase the reserves figures as well as establish bankable proven reserves over the entire Dodge Mine property.

Please elaborate on the "Bankable Feasibilty Study". I have read nowhere that the junior (RRHI) is seeking funding from the major ( the unmentioned party to the MOU ) or that the major will take over and mine the property after they have deemed it feasable. The major and the junior are only seeking to negotiate a long term purchase agreement for API grade barite.

It is entirely possible that all is needed by the company is to establish a bankable proven reserve over the property to secure funding if it is needed.

BTW. I have read that a "Bankable Feasability Study" is a subjective document at best and tends to be misleading.