Mineralrite Corporat (RITE)

$0.01 0.00 (-5.33%)
Market Cap N/A
Revenue (ttm) 0.00
Net Income (ttm) 0.00
EPS (ttm) N/A
PE Ratio N/A
Forward PE N/A
Profit Margin 0.00%
Debt to Equity Ratio N/A
Volume 4,732,700
Avg Vol 6,709,196
Day's Range N/A - N/A
Shares Out N/A
Stochastic %K 32%
Beta N/A
Analysts Strong Buy
Price Target N/A

Company Profile

As of April 7, 2021, MineralRite Corporation was acquired by Southern Cars & Trucks, Inc. MineralRite Corporation, a development stage company, operates in the mineral and mining industry. It focuses on the manufacture, sale, and lease of mining and mineral processing equipment; purchase and development of minerals and mineral backed assets; management of mineral offtake activities; and purchase and sale of precious metals. The company was formerly known as Royal Quantum Group, Inc. and changed...

Industry: Other Precious Metals & Mining
Sector: Basic Materials
Phone: 469 881 8900
Address:
325 N. St. Paul Street, Suite 3100, Dallas, United States
ZebraCyclops
ZebraCyclops Jul. 20 at 8:18 PM
$RITE “….As pertains to all the Company's mining interests, substantial expenditures may be required to establish proven and probable ore reserves through drilling, to determine metallurgical processes to extract the metals from the ore, and in the case of new properties, to construct mining and processing facilities. As a result of these uncertainties, no assurance can be given that the Company will be able successfully to exploit its mineral properties….” 😝
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:18 PM
$RITE “…As pertains to all the Company's mining interests, substantial expenditures may be required to establish proven and probable ore reserves through drilling, to determine metallurgical processes to extract the metals from the ore, and in the case of new properties, to construct mining and processing facilities. As a result of these uncertainties, no assurance can be given that the Company will be able successfully to exploit its mineral properties...”
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:17 PM
$RITE Exploration and mining activities are highly speculative in nature, involve many risks, and are frequently nonproductive. There can be no assurance that the Company's mining activities will be successful. In the event minerals are recoverable, it may take a number of years from the initial phases until pro duction is possible, during which time the economic feasibility of production may change. As pertains to all the Company's mining interests, substantial expenditures may be required to establish proven and probable ore reserves through drilling, to determine metallurgical processes to extract the metals from the ore, and in the case of new properties, to construct mining and processing facilities. As a result of these uncertainties, no assurance can be given that the Company will be able successfully to exploit its mineral properties.
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:15 PM
$RITE No assurances can be given that a desirable level of recovery will be realized from Peeples Mining's ore. Estimates may require revision based on actual production experience. Market price fluctuations of precious metals, as well as increased production costs or reduced recovery rates, may drastically affect the value of the Company's ore reserves, and may render reserves containing relatively low grades of mineralization uneconomic to exploit.
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:15 PM
$RITE His samplings were taken without super vision, and there can be no assurance that his samplings are representative of the entire inventory, nor can there be any assurance that his estimates of the cost of processing such ores are or will be accurate when effected. Mr. Jordan's valuation was based on the price of metals in March 1997; the price of gold has declined since that time, and there can be no assurance that such decline or future declines will not have a materially ad verse affect on the value of the metals believed to be contained in such ore.
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:14 PM
$RITE Analyzing samples gathered by itself with direct current plasma ("DCP") equipment which measures each element present, Metallurgical Research & Assay Laboratory (Henderson, Nevada), a firm including Donald Jordan, a registered assayer and analytical chemist, estimated the value of precious metals in the Company's ore concentrate to be in excess of $3 billion. Such analysis reflects Mr. Jordan's independent judgment, and is not a representation of management.
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:14 PM
$RITE 3. Risks attendant on mining and processing minerals The value of the Company's concentrate depends on the amount of metals contained in such ore, and on the cost and difficulty of refining. While the Company believes that there are significant quantities of precious metals in such concentrate, the market price of such metals and the cost of extraction and refin ing are yet to be determined. Management is of the opinion that the cost of extraction and mining should not exceed 50% of the value if indicated quantities of precious metals are present in its concentrate.
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:12 PM
$RITE In June 1994, the Company entered into the agreement to acquire all the interests in Peeples LLC. Under the agreement, the Company issued 20,000,000 (20,000 after given effect of reverse split) shares of the Company's stock to the members of Peeples LLC, and through Peeples LLC acquired the to 377.11 acres near Prescott, Arizona pursuant to a mineral lease with the State of Arizona.The lease expires on May 1,2003. The In August 1995, the Company issued an additional 100,000,000 (100,000 after given effect of reverse split) shares to Zarzion, Ltd., for ore concentrate which Zarzion, Ltd. had purchased from Peeples LLC. Consummation of the acquisition of Peeples LLC was contingent on effectiveness of the Company's Exchange Act regis tration statement.Company's ore concentrate, however, is owned outright, free and clear of any contingencies.
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:09 PM
$RITE LOOK FAMILIAR?!?!? Current Business (including lines of business acquired subsequent to December 31, 1996) A. Precious Metals Concentrate, Mining and Processing 1. Description of the business The Company owns a substantial deposit of ore concentrate located approximately 40 miles from Prescott, Arizona, which management believes, on the basis of assays by an independent consultant, is substantially in excess of 500,000 tons. Tests by an independent firm including a registered assayer and analytical chemist indicate that such concentrate contains commercial quan tities of precious metals and rare earths. (See Part I, Item 3 "Description of Property".) Through its wholly owned subsidiary, Peeples Mining Co. ("Peeples Mining"), the Company also owns mineral rights in Arizona, California and Nevada.
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ZebraCyclops
ZebraCyclops Jul. 20 at 7:46 PM
$RITE Are you Idiots beginning to see how long this SCAM has been going on?!?!?!? Face it people……YOU GOT SCAMMED!!!!!! LOL!!!!!😂
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Latest News on RITE
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ZebraCyclops
ZebraCyclops Jul. 20 at 8:18 PM
$RITE “….As pertains to all the Company's mining interests, substantial expenditures may be required to establish proven and probable ore reserves through drilling, to determine metallurgical processes to extract the metals from the ore, and in the case of new properties, to construct mining and processing facilities. As a result of these uncertainties, no assurance can be given that the Company will be able successfully to exploit its mineral properties….” 😝
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:18 PM
$RITE “…As pertains to all the Company's mining interests, substantial expenditures may be required to establish proven and probable ore reserves through drilling, to determine metallurgical processes to extract the metals from the ore, and in the case of new properties, to construct mining and processing facilities. As a result of these uncertainties, no assurance can be given that the Company will be able successfully to exploit its mineral properties...”
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:17 PM
$RITE Exploration and mining activities are highly speculative in nature, involve many risks, and are frequently nonproductive. There can be no assurance that the Company's mining activities will be successful. In the event minerals are recoverable, it may take a number of years from the initial phases until pro duction is possible, during which time the economic feasibility of production may change. As pertains to all the Company's mining interests, substantial expenditures may be required to establish proven and probable ore reserves through drilling, to determine metallurgical processes to extract the metals from the ore, and in the case of new properties, to construct mining and processing facilities. As a result of these uncertainties, no assurance can be given that the Company will be able successfully to exploit its mineral properties.
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:15 PM
$RITE No assurances can be given that a desirable level of recovery will be realized from Peeples Mining's ore. Estimates may require revision based on actual production experience. Market price fluctuations of precious metals, as well as increased production costs or reduced recovery rates, may drastically affect the value of the Company's ore reserves, and may render reserves containing relatively low grades of mineralization uneconomic to exploit.
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:15 PM
$RITE His samplings were taken without super vision, and there can be no assurance that his samplings are representative of the entire inventory, nor can there be any assurance that his estimates of the cost of processing such ores are or will be accurate when effected. Mr. Jordan's valuation was based on the price of metals in March 1997; the price of gold has declined since that time, and there can be no assurance that such decline or future declines will not have a materially ad verse affect on the value of the metals believed to be contained in such ore.
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:14 PM
$RITE Analyzing samples gathered by itself with direct current plasma ("DCP") equipment which measures each element present, Metallurgical Research & Assay Laboratory (Henderson, Nevada), a firm including Donald Jordan, a registered assayer and analytical chemist, estimated the value of precious metals in the Company's ore concentrate to be in excess of $3 billion. Such analysis reflects Mr. Jordan's independent judgment, and is not a representation of management.
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:14 PM
$RITE 3. Risks attendant on mining and processing minerals The value of the Company's concentrate depends on the amount of metals contained in such ore, and on the cost and difficulty of refining. While the Company believes that there are significant quantities of precious metals in such concentrate, the market price of such metals and the cost of extraction and refin ing are yet to be determined. Management is of the opinion that the cost of extraction and mining should not exceed 50% of the value if indicated quantities of precious metals are present in its concentrate.
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:12 PM
$RITE In June 1994, the Company entered into the agreement to acquire all the interests in Peeples LLC. Under the agreement, the Company issued 20,000,000 (20,000 after given effect of reverse split) shares of the Company's stock to the members of Peeples LLC, and through Peeples LLC acquired the to 377.11 acres near Prescott, Arizona pursuant to a mineral lease with the State of Arizona.The lease expires on May 1,2003. The In August 1995, the Company issued an additional 100,000,000 (100,000 after given effect of reverse split) shares to Zarzion, Ltd., for ore concentrate which Zarzion, Ltd. had purchased from Peeples LLC. Consummation of the acquisition of Peeples LLC was contingent on effectiveness of the Company's Exchange Act regis tration statement.Company's ore concentrate, however, is owned outright, free and clear of any contingencies.
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 8:09 PM
$RITE LOOK FAMILIAR?!?!? Current Business (including lines of business acquired subsequent to December 31, 1996) A. Precious Metals Concentrate, Mining and Processing 1. Description of the business The Company owns a substantial deposit of ore concentrate located approximately 40 miles from Prescott, Arizona, which management believes, on the basis of assays by an independent consultant, is substantially in excess of 500,000 tons. Tests by an independent firm including a registered assayer and analytical chemist indicate that such concentrate contains commercial quan tities of precious metals and rare earths. (See Part I, Item 3 "Description of Property".) Through its wholly owned subsidiary, Peeples Mining Co. ("Peeples Mining"), the Company also owns mineral rights in Arizona, California and Nevada.
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 7:46 PM
$RITE Are you Idiots beginning to see how long this SCAM has been going on?!?!?!? Face it people……YOU GOT SCAMMED!!!!!! LOL!!!!!😂
0 · Reply
ZebraCyclops
ZebraCyclops Jul. 20 at 7:45 PM
$RITE More TOTAL BULLLSHIIIT On behalf of the Company and as a showing of good faith, Mr. Maurice W. Furlong, Chairman and President, personally transferred 1,000,000 shares of common stock on June 28, 1999 to HSS. As of this date,HSS has procucured the appropriate permits, however, no processing activity has taken place. Peeples Mining does not presently have any employees. https://www.sec.gov/Archives/edgar/data/1010474/0000931731-99-000507.txt
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ZebraCyclops
ZebraCyclops Jul. 20 at 7:44 PM
$RITE here’s the same property!!! LOOK FAMILIAR?!?!? On April 30, 1998, Peeples Mining entered into a joint venture agreement with Hidden Splendor Smelting Co., a Nevada corporation (herinafter "HSS"),for the processing approximately 500,000 tons of the Peeples Mining concentrated ore inventory located near Skull Valley, Arizona.The agreement pro vides that HSS has the right to acquire a twenty percent (20%) interest in the net revenues realized as a result of the sale of the processed inventory.In return, HSS shall provide, among other things, the proper permits for processing of the ore inventory, assistance with the processing operations and the necessary machinery, equipment, laboratory facilities and structures for the initial period of the processing operations. The term of the agreement is 8 years from the effective date (ie. form April 30, 1998) and for so long as it takes to process and sell the inventory.
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ZebraCyclops
ZebraCyclops Jul. 20 at 7:38 PM
$RITE Anyone remember THESE guys?!?Maurice Furlong, Michael Sheppard https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=1582 Those were the days… LOL!!!!
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jk321
jk321 Jul. 20 at 6:30 PM
$RITE >> Time to ADD shares https://x.com/ChartDiligence/status/2077393790420066340
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ZebraCyclops
ZebraCyclops Jul. 17 at 11:21 PM
$RITE oh GOD! I totally forgot about Furlong! Is he still alive? What about Charlie Hunt and Andy Hill “Oaks”??? What a couple of pieces of shiiiiit!!!!!!
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dabbler22
dabbler22 Jul. 17 at 6:15 PM
$RITE Just to confirm for any newbies--of which there seem to be a dearth of, thankfully, this is a worthless desert dirt SCAM. I have known this for many years... long before Bergauer discovered it--as a way to enrich himself, most likely. That makes him as dirty as Sheppard--and Furlong before him....
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ZebraCyclops
ZebraCyclops Jul. 17 at 5:35 PM
$RITE O U C H ! ! ! LOL!!!🤣
1 · Reply
ZebraCyclops
ZebraCyclops Jul. 17 at 2:57 PM
$RITE WHEEEEEEEEEEEEEEEEEE!!!!!! LOL!!! 🤣🤪😝😂 Total Scam
1 · Reply
ZebraCyclops
ZebraCyclops Jul. 16 at 11:20 PM
$RITE
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ZebraCyclops
ZebraCyclops Jul. 16 at 11:20 PM
$RITE yikes! LOL!!! Too funny… What a scam.
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ZebraCyclops
ZebraCyclops Jul. 16 at 7:40 PM
$RITE
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ZebraCyclops
ZebraCyclops Jul. 16 at 7:40 PM
$RITE COME ON MICHAEL!!!! PAINT THE EOD!!! AAAAAAHAHAHAHAHAHAHAHAHA!!!!!!!😂🤣🤪😝☺️
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