KAT Exploration Inc (KATX)

[Er0ck]

Wow here you go once again, another incorrect statement. Allow me to try and help you out some on this.

"VALE IN A RUITERS STORY (FOR THE FIRST TIME) MENTIONS OPTION DEAL WITH LITTLE KNOWN KAT EXPLORATION !!! "the bigest finnaly announced deal with the smallest"


Vale has never announced the KATX deal. They have never issued a PR about it themselves. The site you are linking to is Reuters. that is a news site, like many news sites they take all the news that has to directly or indirectly do with a company and group it under their news page for that company. Yahoo Finance does this, so does I-Hub to a degree, though they do a better job weeding out the news storys that don't have anything to do with a stock than yahoo does.

The link you provided has the PR that KATX released back in June, and unlike what you cliam, it was not published "5 hours ago", it states clear as day on reuters, again on the link you provied, that it was published Friday, 11 Jun 2010 10:02am EDT .

This is the PR that KATX released, not a PR from Vale. You can see this by reading the first line of it: KAT Exploration, Inc. announced that it has signed an option agreement with Vale Exploration

If you go to Vales own website, and look at their PRs here: http://www.vale.com/en-us/investidores/press-releases/pages/default.aspx

You can clearly see that they have never released any PRs announcing the KATX deal. All Vale has done so far with KATX is enter into an "options agreement", this doesn't mean that they are going to do any work on Lucky, this doesn't mean they will drill lucky, all this means is they have the OPTION to do work on the property if they choose to do so. While I fully expect that they will at some point, Vale signs 100s of these option agreements every year with Jr mine exploration and mining companies. Vale is a massive company that is worth somewhere around 130 billion dollars. Deals like this mean nothing to Vale nore to their shareholders, which is why they don't announce them.

Now, if Vale does work on Lucky, and they find alot of copper like I expect, they will enter into a 80:20 JV with KATX and start to mine the property at some point. When this happens, then they will issue a PR to their shareholders detailing this.

Some people like your self seem to want to make this a much bigger deal for Vale than it really is. This is nothing to them, again they sign 100s if not 1000s of these every single year.

The important thing to understand is while this isn't a big deal to a company like Vale, it is a massive deal to a company like KATX and is a very impressive achievement that Ken and company have a property that is impressive enough for a company like Vale to even want to enter into an option agreement for.