InvestorsHub Logo
Followers 5
Posts 849
Boards Moderated 0
Alias Born 11/28/2007

Re: Huntewr7 post# 60

Thursday, 01/07/2010 11:55:09 AM

Thursday, January 07, 2010 11:55:09 AM

Post# of 130
Looks like a solid correction, absent any news that is probably a good thing...

Thanks for the look at KATX... in my simplistic way of looking at things... I can see the company scrounging up, say, 2,500 oz of gold at all of the properties... in 2010... sell price of, say, $700/oz after expenses... is $1,750,000 divided by 275 million shares is .00636/share, and with a PE of 10... PPS should be .06+

Sounds reasonable, yes? So my buy price of .019 looks pretty good...

smile