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Re: investor911 post# 22902

Friday, 01/29/2010 9:58:54 AM

Friday, January 29, 2010 9:58:54 AM

Post# of 97241
I 100% agree....this is shaping up very nicely. Do you want to speculate if that JV is confirmed....what will the PPS look like.

I would like at the very least the PPS will go up atleast 300 - 500%. IMO.

Message in reply to:

nomonet(with Vale Inco & KATX Claims Map):

If you carefully review Vale Inco claims on KATX Lucky Property i.e.

1. Claim License# 017006M gis.gov.nl.ca/mrinquiry/License.asp?License=017006M

2. Claim License# 017010M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017010M

3. Claim License# 017010M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017010M

4. Claim License# 017007M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017007M

5. Claim License# 017005M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017005M

6. Claim License# 017004M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017004M

7. Claim License# 017012M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017012M

8. Claim License# 017012M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017013M

9. Claim License# 017003M http://gis.gov.nl.ca/mrinquiry/License.asp?License=017003M

and map these claims as shown below, you will see that all yellow and orange properties are owned by Vale Inco and two red one's are owned by KATX. It is important to note that Vale Inco rushed to these claims on 12/11/09 right after KATX released the updates on the Lucky Propery PR in November'09. So IMO,if there is a Joint Venture talk (which I do believe now after last PR) with a major mining company - it has to be Vale Inco. My belief is more strengthened after reading Ken's email and Sterling phone conversation with CEO i.e. Refer these in the linked post.

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