KAT Exploration Inc (KATX)

[geo_newfie]

You realize that you probably need > 60% Fe to make it profitable and a strongly hematite altered conglomerate is not going to do it. No mention of Fe assays, photo-documentation, etc. So I have strong doubts on whether there are economical concentrations of Fe to be considered "iron ore".

Don't meant to be som negative, but we already discussed this in the past. Pending assay results from Hole #2 are what we are hedging our bets on wrt RR. However, I hope that I am wrong and they have an ace up their sleeve on Hole #1.

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