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Re: Rick-UK post# 117955

Friday, 12/24/2010 5:48:25 AM

Friday, December 24, 2010 5:48:25 AM

Post# of 233825
Rick

I agree with you that KATX should have informed the market weeks ago that the assays would take a long time to complete and given the reason for it. my impression now is that longs are not willing to face unpalatable facts. This sort of denial reminds me of what we find on the SAEI board. There is still hope that better concentrations of REE may be found deeper down, but there is no certainty that this will happen, and the question is if the REE will be commercially viable even in higher concentrations. Depth leads to higher costs I assume. I appreciate the telling of the truth about the longest hole. Posters hare seen not to happy about the information of quantities of copper that are not commercially viable.
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