It may be worthwhile to do one or both of these two things:
1. JV with another company, to create a third, new company, part owned by each of the parent companies
A JV would almost certainly be a separate company, part owned by the JV partners in proportion to the value they bring to the table and therefore would not neccessarily be publically quoted on a stock exchange, although of course it could be. This would work for Lucky or Rusty Ridge if JV'd with VALE for example. Creating a new company for the JV is how they make the ownership split between the two parent companies possible.
For JV's if it remains privately held rather than publically quoted, KATX itself will hold the shareholding in it (and hence the value of it) so shareholders see the value of the new company within the PPS of KATX. If it does get publically quoted with it's own ticker, KATX shareholders will get shares in the new company, pro rata to the shares they hold in KATX.
For example Lucky Mine Inc could be part owned by VALE and part owned by KAT. As shareholders we would get full value, one way or the other.
2. A "Spin-Out" of a separate, publically quoted company, floated separelt on OTC/BB.
From the previous sentence about Handcamp, this might be referring to a possible spin-out of Handcamp as a separate, publically quoted corporate entity on the OTC/BB that we as shareholders of the parent company would automatically get shares in and which might attract a different ype of investor (ie corporate investors looking for quoted junior mining plays rather than pinksheets junior exploration plays).
I believe if we have a particularly successful claim it could be "spun out" as a separate corporate entitity. For example Handcamp Inc could become a separate company. As shareholders of the parent company, we would get a shareholding in the new company.
The advantage for us might be that certain corporate investors may not be interested in investing in early stage exploration (which of course is what KAT Exploration does) but might well want to invest heavily in later stages where a solid idea of the value of a potential mine has been ascertained and a mining partner is sort (or better still appointed).
A company with a claim that's proved up in terms of value in the ground and ready to be mined is a very different proposition for investors than a company that specialises in early stage prospecting for new claims. Thus it may make sense to split the two.
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