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Any signs of institutional investors returning, Colin Stewart et al?
Two words summarize your excellent post. HIT ITTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT!!!!!!! This is the most opportune time in all the history of KATX. There has never been a better time to accumulate then now.
Damage, no. Just a little pruning of the apple tree.
KATX 5840 PPB GOLD, WOLV 62 PPB GOLD.
KATX Lucky property: Copper mineralization over 8 miles up to 300 feet thick.
Seems to me that's just a little more than a factor of 2 better. Better check your math. N43-101 will tell the story, but out of the gate, KATX has quite a lead built up.
The pullback today was totally predictable and normal. Folks here have NOTHING TO FEAR except selling out. THAT is the biggest danger. Bio is 100% correct. Put your blinders on and stay focused on all the DD here. Everything that happened today has happened before and will happen again on the way up. WE GOOD!
Huge mineral deposits discovered in Afghanistan.
http://www.nytimes.com/2010/06/14/world/asia/14minerals.html?no_interstitial=&pagewanted=all
WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.
The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe.
An internal Pentagon memo, for example, states that Afghanistan could become the “Saudi Arabia of lithium,” a key raw material in the manufacture of batteries for laptops and BlackBerrys.
The vast scale of Afghanistan’s mineral wealth was discovered by a small team of Pentagon officials and American geologists. The Afghan government and President Hamid Karzai were recently briefed, American officials said.
While it could take many years to develop a mining industry, the potential is so great that officials and executives in the industry believe it could attract heavy investment even before mines are profitable, providing the possibility of jobs that could distract from generations of war.
“There is stunning potential here,” Gen. David H. Petraeus, commander of the United States Central Command, said in an interview on Saturday. “There are a lot of ifs, of course, but I think potentially it is hugely significant.”
The value of the newly discovered mineral deposits dwarfs the size of Afghanistan’s existing war-bedraggled economy, which is based largely on opium production and narcotics trafficking as well as aid from the United States and other industrialized countries. Afghanistan’s gross domestic product is only about $12 billion.
“This will become the backbone of the Afghan economy,” said Jalil Jumriany, an adviser to the Afghan minister of mines.
American and Afghan officials agreed to discuss the mineral discoveries at a difficult moment in the war in Afghanistan. The American-led offensive in Marja in southern Afghanistan has achieved only limited gains. Meanwhile, charges of corruption and favoritism continue to plague the Karzai government, and Mr. Karzai seems increasingly embittered toward the White House.
So the Obama administration is hungry for some positive news to come out of Afghanistan. Yet the American officials also recognize that the mineral discoveries will almost certainly have a double-edged impact.
Instead of bringing peace, the newfound mineral wealth could lead the Taliban to battle even more fiercely to regain control of the country.
The corruption that is already rampant in the Karzai government could also be amplified by the new wealth, particularly if a handful of well-connected oligarchs, some with personal ties to the president, gain control of the resources. Just last year, Afghanistan’s minister of mines was accused by American officials of accepting a $30 million bribe to award China the rights to develop its copper mine. The minister has since been replaced.
Endless fights could erupt between the central government in Kabul and provincial and tribal leaders in mineral-rich districts. Afghanistan has a national mining law, written with the help of advisers from the World Bank, but it has never faced a serious challenge.
“No one has tested that law; no one knows how it will stand up in a fight between the central government and the provinces,” observed Paul A. Brinkley, deputy undersecretary of defense for business and leader of the Pentagon team that discovered the deposits.
At the same time, American officials fear resource-hungry China will try to dominate the development of Afghanistan’s mineral wealth, which could upset the United States, given its heavy investment in the region. After winning the bid for its Aynak copper mine in Logar Province, China clearly wants more, American officials said.
Another complication is that because Afghanistan has never had much heavy industry before, it has little or no history of environmental protection either. “The big question is, can this be developed in a responsible way, in a way that is environmentally and socially responsible?” Mr. Brinkley said. “No one knows how this will work.”
With virtually no mining industry or infrastructure in place today, it will take decades for Afghanistan to exploit its mineral wealth fully. “This is a country that has no mining culture,” said Jack Medlin, a geologist in the United States Geological Survey’s international affairs program. “They’ve had some small artisanal mines, but now there could be some very, very large mines that will require more than just a gold pan.”
The mineral deposits are scattered throughout the country, including in the southern and eastern regions along the border with Pakistan that have had some of the most intense combat in the American-led war against the Taliban insurgency.
The Pentagon task force has already started trying to help the Afghans set up a system to deal with mineral development. International accounting firms that have expertise in mining contracts have been hired to consult with the Afghan Ministry of Mines, and technical data is being prepared to turn over to multinational mining companies and other potential foreign investors. The Pentagon is helping Afghan officials arrange to start seeking bids on mineral rights by next fall, officials said.
“The Ministry of Mines is not ready to handle this,” Mr. Brinkley said. “We are trying to help them get ready.”
Like much of the recent history of the country, the story of the discovery of Afghanistan’s mineral wealth is one of missed opportunities and the distractions of war.
In 2004, American geologists, sent to Afghanistan as part of a broader reconstruction effort, stumbled across an intriguing series of old charts and data at the library of the Afghan Geological Survey in Kabul that hinted at major mineral deposits in the country. They soon learned that the data had been collected by Soviet mining experts during the Soviet occupation of Afghanistan in the 1980s, but cast aside when the Soviets withdrew in 1989.
During the chaos of the 1990s, when Afghanistan was mired in civil war and later ruled by the Taliban, a small group of Afghan geologists protected the charts by taking them home, and returned them to the Geological Survey’s library only after the American invasion and the ouster of the Taliban in 2001.
“There were maps, but the development did not take place, because you had 30 to 35 years of war,” said Ahmad Hujabre, an Afghan engineer who worked for the Ministry of Mines in the 1970s.
Armed with the old Russian charts, the United States Geological Survey began a series of aerial surveys of Afghanistan’s mineral resources in 2006, using advanced gravity and magnetic measuring equipment attached to an old Navy Orion P-3 aircraft that flew over about 70 percent of the country.
The data from those flights was so promising that in 2007, the geologists returned for an even more sophisticated study, using an old British bomber equipped with instruments that offered a three-dimensional profile of mineral deposits below the earth’s surface. It was the most comprehensive geologic survey of Afghanistan ever conducted.
The handful of American geologists who pored over the new data said the results were astonishing.
But the results gathered dust for two more years, ignored by officials in both the American and Afghan governments. In 2009, a Pentagon task force that had created business development programs in Iraq was transferred to Afghanistan, and came upon the geological data. Until then, no one besides the geologists had bothered to look at the information — and no one had sought to translate the technical data to measure the potential economic value of the mineral deposits.
Soon, the Pentagon business development task force brought in teams of American mining experts to validate the survey’s findings, and then briefed Defense Secretary Robert M. Gates and Mr. Karzai.
So far, the biggest mineral deposits discovered are of iron and copper, and the quantities are large enough to make Afghanistan a major world producer of both, United States officials said. Other finds include large deposits of niobium, a soft metal used in producing superconducting steel, rare earth elements and large gold deposits in Pashtun areas of southern Afghanistan.
Just this month, American geologists working with the Pentagon team have been conducting ground surveys on dry salt lakes in western Afghanistan where they believe there are large deposits of lithium. Pentagon officials said that their initial analysis at one location in Ghazni Province showed the potential for lithium deposits as large of those of Bolivia, which now has the world’s largest known lithium reserves.
For the geologists who are now scouring some of the most remote stretches of Afghanistan to complete the technical studies necessary before the international bidding process is begun, there is a growing sense that they are in the midst of one of the great discoveries of their careers.
“On the ground, it’s very, very, promising,” Mr. Medlin said. “Actually, it’s pretty amazing.”
Agreed. This takes KATX to a whole new level in the investment world. When Vale speaks, people listen! Notice the incremental steps being taken to preserve shareholder value. ACCUMULATE!
You heard it here first! ;)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50932481
Fly blindly no. With proper DD, it becomes VERY CLEAR where we're headed and why.
"This is not a black and white discussion."
Beg to differ. You either trust in Ken and his team or you don't. Simple as that.
There's a reason why Ken chose to prove up Handcamp first, ahead of all the other properties and very soon we will all know.
To all that see the light, you will be rewarded beyond your wildest dreams. Only have to stay the course.
You are absolutely right. All Ken is saying here is give me half a chance to prove up this property before selling. A year from now we will all be thanking him many times over. This man has a plan and it's a good one, BRILLIANTLY THOUGHT OUT. The only ones complaining here are the flippers. I cannot think of a better place to park your money for a year. Just look at the rest of the markets..............IT'S BRUTAL OUT THERE!
Ken for CEO OF THE YEAR! He's got my vote!
I'm no tax expert, but I believe these 'dividends' have no value until you sell.
No taxes until you sell.
These restricted shares are a major blessing, IMO. They will FORCE you to hold on to your shares until they REACH THEIR FULL POTENTIAL! KEN KNOWS WHAT'S IN THE GROUND THERE AND IS FORCING US ALL TO MAKE GOOD! Just watch, YOU'LL SEE!
Good tips there Reg!
Agreed, very soon the BIG money will start flowing in.
Come on, was there ANY doubt???
Well, that explains it then. Actual drilling has not begun yet. The original PR stated Drill Program to commence 2nd week in May, not actual drilling. Drill program includes additional trenching, sampling, geophysics and selecting drill targets. Actual drilling not far behind.
Gold poised to set new record highs today. $1234.40/oz, +$18.
The next PR, whenever that is, is going to be a doozy!
The Company believes that the optimal sulfide mineralization is associated with sericite schist (rocks formed under high temperature and pressure) with veinlets and dissemination (finely spread minerals) having been traced over a strike length of almost a mile.
- BVIG 8K
AGREED!!!
"If share holders are not notified of what's happening this is NOT in Katx's best interest as their (Katx) value will begin to decline as many here think we just lost a property. "
Anyone who has been following this stock and is a long here knows that we have not lost a property. Far from it. You can mark my words on that.
"I have no idea how you could possible think there isn't a very good chance of a PR hitting tomorrow. "
Two words: LAW FIRM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50053881
You will soon be handed shares of BVIG ON A SILVER PLATTER just for owning KATX shares, just watch. Christmas is a commin early!!!
Dollar??? I will be SHOCKED if we stop at a dollar. JV(s) are a done deal, IMO.
Rest assured, Ken will handle this in the MOST FAVORABLE, HONORABLE way for his shareholders, you'll see! Shareholders #1, company #2. WE GOOD!
THAT'S OUR UPLIST!!! Buckle your seatbelts!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49835120
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50008835
Without news, this is a critical point whether we go up or down from here. Not lobbying for news, Ken will release at the proper time. Market sediment will determine where we go at this point.
Can't believe all the nervousness the last few days here. Tip: If you want to increase your comfortability with this stock, increase your DD. People need to learn to trust our CEO. If I were Ken, I would begin to get insulted.
I will say it again, I KNOW WHAT I'M HOLD'N. You obviously have not done your DD on this company or the CEO like all the others that have sold today. Go back and read the facts that have been posted. Stay up all night if you have to. It WILL BE the most financially rewarding investment you have made in your entire life! Talk about getting it handed to you on a silver platter. You have an opportunity here TO DO BETTER THAN PUBLISHERS CLEARING HOUSE for cryin out loud. OPEN YOUR EYES!!!
From: Ken Stead <kstead@katexploration.com>
Subject: Re: Hi Ken I have a question?
To: "Bob Nordberg" <birdmanbob4@yahoo.com>
Date: Sunday, March 21, 2010, 2:55 PM
Bob
Good question. The old drill hole on the Handcamp was drilled at a 50 degree angle approximately 70 meters from the main out crop where we are getting visible gold(VG) so we won't be duplicating that hole. But what we will be doing is drilling straight down through those same targets with a possible 9 holes moving south from the first 4 holes to be drilled. We should enter that.39oz AU(gold) much sooner than those who drilled the angle holes. With .39oz below surface and high grade samples along with VG right on surface it'll be very interesting and exciting to see what really comes out of this, we are very optimistic.
Ken
In reply to: You're right, visible gold in the core sample. .......and Ken and his team knows just where it is!
You're right, visible gold in the core sample. .......and Ken and his team knows just where it is!
No need to convince me, I KNOW what I'm hold'n AND IT'S GOLD'N! Hang on tight! Sorry, can't send messages.
Hardly arrogance.
Best nudge that up a bit!
Biochem, you are spot on.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49884947
Prior to this shift in dynamics, I would have looked for a pull back to 0.15 or so before our next leg up, but now I feel all bets are off. This KAT has 9 lives and we haven't even been through the first one yet!