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I suspect you are right. Kat would not release "good news" results without first staking the additional claims, otherwise they risk losing those claims to someone else.
Anybody see any connection between recent developments of this case and Bernanke's gloomy forecast today?
Hopefully you've already sold to protect yourself from the ensuing massacre that is about to come.
Relax, the reason for the dip yesterday was most likely due to share distribution of BVIG. If you got your 4:1 distribution, you haven't lost anything. In fact you have quite probably gained.
IMO, the reason for the timing of the PR release yesterday was to counter the effects of the share distribution.
Unquestionably, no doubt it. I was just pointing out the unheard of figure of 12 oz/ton Au.
"12 oz/ton!!!!!!!!!!!!!!!!!!!!!"
Now this is what I call a company on the move.
"A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton.
Tell me this is NOT a typo!
Now wouldn't that be taking the fast lane to riches!
Thanks for the correction. I'm quite happy to hear it! My apologies to wangwang.
Correct me if I'm wrong, but I recall reading somewhere preferreds already agreed to $34 pps.
No way will commons get more than preferreds. There would be such an uproar. Now granted, Susz could very well have a rabbit or 2 in his hat.
"IMHO..I've said from day 1...there wont be a run.....it will be just Baaaaaam...1st offer...people bail and get scared out of their shares..than a few days later the FINAL offer will surface....Just like Bear Streans DID...$2 bucks to $10 Bucks within 3 days
Not selling "1 TICKET" til Mr"S" says "FINAL OFFER"!!! PERIOD!!!!"
Just like Mr"S" did when he whispered into BR's ear NOT ONCE, BUT TWICE just before they went into chambers on the 8th. Do you think he learned his lesson???
This needs to go to trial where Susz will shine.
Now, couple this with the fact that Ken has already stated an interest in the carbon credits industry (don't have the PR handy right now that mentions this, perhaps someone could re-post) tells me he's thinking way ahead. WHY WOULD HE BE DOING THIS IF HE DIDN'T THINK RR WAS A MASSIVE ORE BODY??? Look here:
"Incomparable and unimaginable are not synonymous, but Olympic Dam is both. It will be the world’s biggest hole-in-the-ground, the largest copper and uranium quarry on the planet, the highest artificial mountain range on Earth and the richest mine since King Solomon.
All this just a few hours drive from Adelaide. South Australia is about to become the Colossus of Copper, the Midas of Gold. There’s just one niggling problem: the environment.
At three o’clock on Friday afternoon, BHP Billiton flicked a switch and the World Wide Web will instantly host the most massive environmental impact statement Australia has ever seen. Three-years in the making, more than 4000 pages long (110 pages to list just the guidelines), and according to Mines Minister Paul Holloway “the largest document ever prepared in this state”.
That EIS will lay out what BHP reckons are the environmental effects of expanding its Olympic Dam copper, uranium and gold mine near Roxby Downs, in the state’s far north."
http://investorshub.advfn.com/boards/replies.aspx?msg=52384704
Add to this the fact that Ken has taken overwhelmingly significant steps to prevent any sort of hostile takeover of the company and you get the feeling that just maybe there might be a little more going on here than we realize at this point. Yes, the pieces of the puzzle are slowly beginning to fall into place here.
Looks like another blowout day on WS. Sure am glad to be here under the KAT veil of protection! Soon we will once again be at maximum thrust.
Makes sense to me, I'll buy that. Now just for fun, let's make some educated assumptions (again, I'm no geologist, so someone correct me if I'm way out in left field) about this deposit.
ASSUMPTION #1
From my previous post, absolute density = 2.8 grams/cc which for the moment we'll assume is the average density of that big blob in the plot.
ASSUMPTION #2
Let's assume again that copper is the only mineral found in this big blob.
Copper's absolute density is 8.96 grams/cc (see previous post). That gives us the following percentage of copper in the big blob:
2.8/8.96 = 0.3125 x 100% = 31.25% copper
Now, the blob measures approximately 650 meters x 400 meters x 1225 meters conservatively speaking. That's a volume of:
650 x 400 x 1225 = 318,500,000 cubic meters
1 cubic meter = 100cm x 100cm x 100cm = 1,000,000 cc
318,500,000 cubic meters x 1,000,000 cc/cubic meter = 318,500,000,000,000 cc total volume
318,500,000,000,000 cc x 0.3125 = 99,531,250,000,000 cc of solid copper.
99,531,250,000,000 cc x 8.96 grams/cc = 891,800,000,000,000 grams of copper.
1 pound = 454.5 grams, so
891,800,000,000,000 grams /454.5 grams/pound = 1,962,156,215,622 pounds of solid copper.
1,962,156,215,622 pounds x $3/pound = $5,886,468,646,865 or $5.9 Trillion!!!
That's 1 billion tons. For comparison, Olympic Dam is estimated at approximately 8.5 billion tons total reserves.
Now say it costs $1 trillion to mine all this (probably too much).
$5.9 Trillion - $1 trillion = $4.9 trillion
4.9 trillion / 1 billion shares outstanding =
$4900/share!!!
Even at 10%, we're still talking close to $500 PPS!!!
PLEASE, somebody review these numbers!
Density plot of RR approximates 0.1 grams/cc as shown below.
RR Report shows 0.1 grams/cc equates to an absolute density of 2.8 grams/cc as shown below.
Density of Metals chart below shows 2.8 grams/cc approximately equal to that of Aluminum.
From the data shown above, can someone explain to me what makes this a copper deposit?
You are exactly right as this is all part of the brilliant plan Ken has layed out. That affect on KATX PPS you mention will be countered with some other news. Accumulation of that good news is currently in process and will be released at the optimal time.
Here it comes. One of several moves coming to cover their butts I'd say. Just you watch!
Doesn't matter what the general populice thinks. What matters is the evidence that is presented in the court room and Susz has more than enough to bring the house down.
Sussman will play all his card very close to his vest because he really want this to go to trial, that is where he will get the most value from the estate. This is what he lives for and is pretty much unmatched.
NOW YER TALK'IN!
...and the corruption continues unabated.
If that is the case, then she is as big a crook as they are for letting them get away with the biggest heist the world has ever seen! And what kind of message do you think that sends about our justice system???
"I don't see how the judge can even allow a settlement at this point if Weil/JPM broke any kind of law?"
Could this be related to the smoking gun Susz has sealed in the envelope???
Personally, I would rather see this thing go to trial. I don't like the idea of these crooks getting off with a settlement. There needs to be jail time or it'll just be repeated. An example needs to set here IMO.
So how would 'We should have held out for more' fit in with this senario?
Come on guys, this is basic math. You shouldn't be investing in a mineral exploration company if you can't figure this out.
1450ppm = 1450/1,000,000 = .00145 = .00145 x 100% = .145%
Now, there's 1,000,000 grams/metric ton, so
.00145 x 1,000,000 grams/metric ton = 1450 grams/metric ton
and
1 lb = 454 grams
so
1450 grams/metric ton / 454 grams/lb = 3.2 lbs/metric ton
Takes a lot of running to maintain 7 properties!
Don't let'em off the hook Susz. Their knuckling under! MAKE THAT BUFFALO SQUEAL!!!
Teens are about to become history!
I'm no geologist, but those high chargeability numbers indicate to me the presence of a large ore body and that coupled with the fact this is a felsic VMS property, well, you get my drift. WE GOOD!
That magenta colored continuous glob to the lower center running diagonally upward to the right is approximately 600 meters in length and over 100 meters wide at it's widest point. That's 6 football fields long by 1 football field wide folks!
Does anybody know where on that chargeability contour map our first drill targets are located?
Exactly why I put MAY in italics. Didn't know for sure and was raising doubts.
These MAY be old properties being re-flogged again BUT the price of minerals has gone up a ton since then and technology has improved dramatically. This isn't your father's geophysics anymore. The game has changed as you are about to find out son.
There's already visible gold. Just look at the photos!!!
Hold tight knowing it's still undervalued.
Pressure is building. Can you say Mount St. Helen's?
PAYDIRT!!! eom