KAT Exploration Inc (KATX)

[gump90]

Thank you g n. I have worked for Companies in the same big league as Vale. They stake these big tracts for protection and freedom so they can work almost anywhere within the tract that they wish. Usually the big programs are conceived during the winter months by the exploration department. Then they themselves must pitch their budget to the Finance Dept' towards the end of the winter. Yes of course the current activity in the Bona Vista does mean SOMETHING to Vale but in one sense it was a routine thing to ' pitch '. Is it prospective .. OF COURSE it is. Will a big new mine come out of it ? .. The odds say no. Cheers.