KAT Exploration Inc (KATX)

[Rick-UK]

"If an IOCG is detected only one tenth the size of the Olympic Dam in Australia, there will be many overnight millionaires made who were lucky enough to find this “gem.” "

Here are some rough calculations. These calculations couldn't get any rougher and are fairly meaningless except to show us the potential value at Rusty Ridge.

The first column is the size of Rusty Ridge compared with Olympic Dam. The second column is the value of Rusty Ridge in $bn. The third column is the amount KAT Exploration might get in a JV (two are shown - 50% and 20%). The fourth column is the KATX share price assuming the entire value translates to the share price and assuming the O/S remains the same at 641m.

To reiterate... I realise these figures are purely speculation. I am just posting them to show the potential. There is a lot of work to be done before we can possibly begin to know the final value of Rusty Ridge to KAT Exploration, but that said, the first step starts with the test drilling which will commence in a few days time!