Monday, February 08, 2010 7:11:18 PM
They have produced numerous surface samples for ALL of their properties. They have done airal magnetic surveys, they have had independent lab work done on their samples, they have got financing to pay for all the future work, they have litterally done everything a mine exploration company can possiblely do at this point other than test drill, which is only waiting on the last batch of samples that will be back from the labe in a week or two.
I am sorry if you think this company has "produced nothing" because you clearly can't do 5 min of proper DD, but this company not only has produced alot, they have built 3 of their properties up to a point where they are ready to be test drilled.
So my statements I made in regards to your other post still stand 100%. I am not sure what you, or some people here want or expect when you make statements like "KATX has produced nothing". Let me try to clear this up a tad bit here.
If you were expecting hard numbers on what KATX has in the ground on some of their properties, then guess what, you clearly have no idea how mining or mine exploration companies work. To get those numbers, you have to test drill, thats it, thats the only way. To be able to test drill you have to have two things to do this. First, you have to have targets to test drill, 2nd you have to have the money to test drill as it's quite expensive.
What KATX has done over the past year + is ALL THE WORK that is needed to get their most promising properties ready for test drilling. They now have targets on 3 of them, and Handcamp is going to be completely ready in a few weeks time for a test drill program. You don't just buy land and start test drilling you MUST do all of the proper geological work FIRST, then test drill. That is exactly what KATX has done, and in a very very timely matter.
Next they have to actually raise the money some how to be able to pay for test drilling. They have done that by getting up to 5 million in financing for 50 million shares of common stock. So they have litterally done the 2 biggest things in the process to get the hard numbers you and all of us seek.
But to say KATX has "produced nothing" is just a completely incorrect statement. What they have produced is a whole host of VERY promising properties that have many targets that are now ready for test drilling. Will these properties be everything we hope they will be? Who knows, thats why you drill! But KATX has produced quite a bit of supporting evidence so far to make many here believe there is a great chance at least some of these properties are going to really pay off big time. KATX has actually "produced" alot more than almost any other pink sheet mine exploration company to date. They have done everything they have to and need to do at this stage of the game, there are 2 steps left. Test drill and confrim whats actually in the ground, and form a JV partnership with an actual mine company to mine this stuff. The whole fact that they are ready to test drill proves quite clearly that they have produced "something" already, as again you just don't simply test drill randomly into the ground. And they have published all of their findings and they are quite easy to read and understand.
Again, we will not know for sure whats in the ground untill they complete the test drills and get the results back, but they have done pretty much everything possible to date. They have produced EVERYTHING they needed to produce to this point. If you compare KATX to other jr mining ocmpanies and mine exploration companies, specially ones on the pinks, you will see a night and day difference between KATX and almost any of the other ones.
I am sorry if you think this company has "produced nothing" because you clearly can't do 5 min of proper DD, but this company not only has produced alot, they have built 3 of their properties up to a point where they are ready to be test drilled.
So my statements I made in regards to your other post still stand 100%. I am not sure what you, or some people here want or expect when you make statements like "KATX has produced nothing". Let me try to clear this up a tad bit here.
If you were expecting hard numbers on what KATX has in the ground on some of their properties, then guess what, you clearly have no idea how mining or mine exploration companies work. To get those numbers, you have to test drill, thats it, thats the only way. To be able to test drill you have to have two things to do this. First, you have to have targets to test drill, 2nd you have to have the money to test drill as it's quite expensive.
What KATX has done over the past year + is ALL THE WORK that is needed to get their most promising properties ready for test drilling. They now have targets on 3 of them, and Handcamp is going to be completely ready in a few weeks time for a test drill program. You don't just buy land and start test drilling you MUST do all of the proper geological work FIRST, then test drill. That is exactly what KATX has done, and in a very very timely matter.
Next they have to actually raise the money some how to be able to pay for test drilling. They have done that by getting up to 5 million in financing for 50 million shares of common stock. So they have litterally done the 2 biggest things in the process to get the hard numbers you and all of us seek.
But to say KATX has "produced nothing" is just a completely incorrect statement. What they have produced is a whole host of VERY promising properties that have many targets that are now ready for test drilling. Will these properties be everything we hope they will be? Who knows, thats why you drill! But KATX has produced quite a bit of supporting evidence so far to make many here believe there is a great chance at least some of these properties are going to really pay off big time. KATX has actually "produced" alot more than almost any other pink sheet mine exploration company to date. They have done everything they have to and need to do at this stage of the game, there are 2 steps left. Test drill and confrim whats actually in the ground, and form a JV partnership with an actual mine company to mine this stuff. The whole fact that they are ready to test drill proves quite clearly that they have produced "something" already, as again you just don't simply test drill randomly into the ground. And they have published all of their findings and they are quite easy to read and understand.
Again, we will not know for sure whats in the ground untill they complete the test drills and get the results back, but they have done pretty much everything possible to date. They have produced EVERYTHING they needed to produce to this point. If you compare KATX to other jr mining ocmpanies and mine exploration companies, specially ones on the pinks, you will see a night and day difference between KATX and almost any of the other ones.

