KAT Exploration Inc (KATX)

[stokes1]

Bang on. The same people bashing KAT for having "no money" are bashing KAT for making a bad deal with VALE?

Fact is, right now we "don't" have a lot of money. This property is a quick win for us, what with VALE right around the corner, them eating up lots of cost, and what with the processing facility being built. This allows us to concentrate more safely on our flagship gold and copper properties (HC/Rusty) for which we do have some money to drill.

And as I've said before, do you really play "hardball" with a company the size of VALE? I'd love to see all these naysayers in a boardroom with their suits trying to swindle a better deal. The whole thing would probably collapse. Hilarious...

For a junior exploration company, I agree that is a very good deal.

Let's be real here folks, KAT did not have the funds to do the full exploration required on the Lucky, so what sense would it have made to hold on to it? That would be like me finding out I am sitting on a gold mine, but I only have a shovel and pick in my garage and 20.00 in my pocket. If I don't get someone with deep pockets to extract that gold, it is not going to benefit me at all. The LUCKY deal with VALE was very good.