Monday, June 14, 2010 10:20:04 PM
I've been following the two, KATX and WOLV, for about a month now. These two companies have claims in pretty much the same region. There are some things I'd like to point out, and perhaps some of you on here with more experience can lend your wisdom here. First, the facts about the projects.
"Wolverine is a junior mineral exploration company that owns a 90% interest in 540 mineral claims located in central Labrador, Canada (the "Labrador Claims"). These claims cover roughly 33.5 thousand acres and contain a series of significant copper-gold showings."
"KAT Exploration Inc. is an exploration company based in Mount Pearl Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver. KAT Exploration holds 16 separate claim licenses for 7 separate properties, which together total 788 claims that cover 285 sq km of land in Newfoundland"
To compare apples to apples, KATX has approx 70,425 acres of claims, vs. WOLV with 33,000 acres in claims. KATX has DOUBLE the claims, and more than DOUBLE the area.
KATX has discovered up to 5840 PPB GOLD vs WOLV with 62 PPB GOLD. Not to mention the copper plays. WOLV has a few copper plays, but nothing like KATX. Now, the facts about the companies themselves.
KATX trades on Pinksheets and has a float of about 312,000,000.
WOLV trades on the OTCBB and has a float of about 30,000,000 - 1/10th the float of KATX
Both companies were trading at ~ 0.05 at the beginning of May 2010. BOTH companies started HUGE runs on May 11th, 2010. The EXACT same day. And since then, BOTH companies have been on an equal run since then, both hitting highs of around .24 since.
Bottom line, KATX has MUCH more going for it, IMO. WOLV recently listed on the OTCBB back in December 2009. As we know, KATX might soon be 100% uplisted to the OTCBB. Perhaps some of you more experienced traders can lend your wisdom here, im sure that the float primarily has something to do with it, but also probably some serious manipulation on the PPS in an attempt to drive it down low enough to where the MMs know they can make a healthy profit as soon as our next PR hits. I'm sure we will be just fine, and as soon as all of the KATX pieces are in place, it's to the MOON. JMO
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