$ Junior Mining and Exploration $

[Rick-UK]

Hi my friend, yes I know a fair amount about KATX, but to be honest we don't yet have any specifics for what's in the ground at the KAT Exploration claims. As I expect you know, the Handcamp claim is currently having geophys surveying and trenching work completed prior to drilling, which should start any day if it hasn't already. This is the first KATX claim that we know about which is having a full drilling programme on it. We therefore expect a PR with feedback on this programme very soon and a NI 43-101 compliant report to be filed soon after.

With the other claims, particularly Lucky and Rusty Ridge which are both copper and REE claims, there is some speculation that exploration may already have started or even been completed by VALE. This is just speculation, although there is a lot of discussion and no hard facts!

Of course the other angle with KATX right now is that they have just bought BVIG - an OTC/BB shell - and hired a top Wall St law firm, presumably to assist with uplisting and/or spinning off one or more claims. Ther eis much speculation that a PR about this might also announce one or more sales and/or JV partnerhsips at the same time, which of course would undoubtedly create a huge PPS hike. Again this is speculation, but the circumstantial evidence is very strong.

I would suggest that the fact that KATX is drilling on Handcamp is already built into the PPS, but that other factors - results from the drilling programme plus other news about sales, JV partnerships and other work completed or being done currently on the other claims - are not built in to the PPS. I would suggest that the shareprice has shown remarkable strength given the lack of news since the last PR at the beginning of April, and I think this shows how positive the market sentiment is.

If you have a copy of the spreadsheet that you mention and can forward it then please do so. I'd be intereted to see how it was put together and I could share it with a few people who know KATX and are a lot more expert in mining/exploring than I am who might be able to come up with something similar for KATX. Without seeing the spreadsheet I don't know.

A final thought - Doubloon has been following KATX since well before I wknew about it and he has more experience than me when it comes to valuing claims. He might just have a better opinion than I can offer. Texas Ripper is no spring chicken either!

GLTY!