Raptor Resources operates through two subsidiaries: Mabwe Minerals, Inc. (OTCQB: MBMI), a publicly traded natural resources and hard asset company engaged in the mining and commercial sales of industrial minerals & metals with first focus on barite; and TAG Minerals, a mineral & metal resource acquisition, exploration, and development company with a primary focus on alluvial surface gold.
While RRHI temporarily halted TAG projects and worked to successfully bring into production MBMI’s barite and limestone production at its Dodge Mine in Zimbabwe, the company is now in position to get TAG back on track in developing greenfield assets targeting bedrock gold.
Jim Cramer Thursday told CNBC he expected a rise in gold prices due to the strikes in South Africa, a widespread sentiment among industry experts who also note expected strength from geo-political factors and seasonal trends. The month of September has historically been gold’s second-best month of the year in terms of performance.
RRHI hasn’t made an official insinuation that it will soon resume activities at TAG projects, though it’s broader aim is to grow both organically and through the acquisition of mining and mineral assets. TAG is positioned with its key partner, Extra-TEC, which utilizes HPC-30 technology to capture up to 90 percent of riverbed gold content down to 50 microns. Through the use of a prospector license, TAG has access to nearly 1,500 acres of the greenfield mountain range for evaluation purposes.
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