Friday, July 23, 2010 7:06:59 AM
"Gump this is not a Joke but a tatical delaying manuever. I bet a drill doesnt touch that site for a year."
Now we know that the first seven cores are back and that Ken is quote "very pleased and excited with the drill program
thus far" you are saying this...
"I also watched a National Geographic show on gold mines. They are so big and complex no little mine can compete!"
Which of course is complete nonsense on two levels. Firstly on the concept that only huge mines can be profitable - easily proven wrong by anyone who does a lit checking up - and secondly by saying that you know the scale of what will be found at Handcamp, which patently you do not.
But of course you've previously said this...
"This company will never produce tangible results"
and this...
"Lets be realistic.. this VALE thing is a fairytale. Why would a company in Brazil buy some mine in Canada where the amount of ore is unknown and the enviromental laws are so much tougher. Come on guys does that sound real to you?"
Both of which have turned out to be wrong.
Of course this can be explained a little because on a slightly different note you've also said this...
"I just hate mining stocks."
and this...
"I have played gold stocks since I joined I-Hub and I rarely win"
and finally this...
"all these mining scams know what to say to get idiots to invest in them.... drilling...JV.... one time dividends. Now while they are doing this they are watering down the shares and posting bogus info"
1. Drilling has started at Handcamp and early results look fantastic
2. Drilling scheduled to occur at Rusty Ridge this year and maybe elsewhere
3. Option in place on Cabot where 14 very promising drill cores already exist
4. JV Option in place on Lucky with VALE (and news imminent IMO)
5. No increase in the O/S of KATX, KATG will increase of course because it has to in order to provide KATX shareholders with their share distribution and to provide a float
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