KAT Exploration Inc (KATX)

[Rick-UK]

Thank you LL. A geologist such as Geo_newfie might be better placed to answer your excellent question, but anything over 2.0g/t gold is potentially commercially mineable I believe. For copper it varies even more, depending upon the quantity and quality, but Olympic Dam is currently being upgraded to potentially produce 730,000 tonnes copper, 19,000 tonnes of uranium oxide and 25 tonnes of gold per year, although the percentage of copper and uranium within the ore is only 2-3% or so if I recall correctly.

Below is quoted from a previous post of mine, I hope it helps although to be fair on UXG it is Handcamp's drill results that we should really be comparing...

One year ago an exploration company called US Gold (UXG) were in a similar position to where KAT is now, with a similar share structure. They were trading at around 0.30 and were waiting on the results of test drilling so they could file their 43-101. Within weeks of filing their 43-101 the PPS went from 0.30 to $1.20 and a few months later hit $3.00. UXG’s best results were 2.9 g/t Au. By comparison, KAT’s initial sample analysis indicates 158g/t Au, 94g/t Au and 82g/t Au. Not only this, but as well as Handcamp, KAT has Lucky and four other claims as well. If UXG can hit $3.50 there is absolutely no reason why KAT cannot hit $4 OR MORE if we get a DOUBLE announcement – a 43-101 for Handcamp and a JV with VALE for Lucky.