Golkor Inc (GKOR)

[Funaboard]

Yes Rick, You are 1000% Right!!!
---------------------------------------------------
Exactly Larry. Your example of reasl estate options is precisely how this works. And those who are focussing their attention on the cost of the option or even the cost of the exploration are missing the point! Larry, please back me up on this - the point of all that stuff is purely an enabler. The big news is not the option, it's the JV. VALE would not have bought the option if they did not intend to JV with us. No one buys an option they do not intend to exercise, else they're wasting their money. The $95,000 is just a security to show seriousness. The $750,000 is just the cost of due diligence to ensure a full scale copper mine is feasible. Its the 80/20 JV that is the crown jewels for us.

20% of a low grade, high tonnage copper mine run by the fourth largest mining company on the world on our behalf is MASSIVE!!!!
---------------------------------------------------------

Every Developer or Miner does it this way, the amount for the option is not at all as important as the credability of the party giving it. VALE is very credible, they are a JV partner that we want in our corner for future deals down the road. The only thing I disagree with here is the part about the crown jewels, I would say it is more Kat Shareholder Jewels!!! 80/20 JV is much better than I was thinking. Ken must know what we have here and did a very good deal for all of us.

I see some SUN here in Seattle, and with that I'm going to go celibrate.

Bye for now!!!!