KAT Exploration Inc (KATX)

[Biochemist2002]

...iron ore prices ranged from $97 to $113 (USD) per ton during January through May 2007 (National Development and Reform Commission (NDRC)).

read more here:
http://www.mine-engineer.com/mining/iron-ore-price.htm

November 22, 2010
...Offers for Indian ore with 63.5 percent iron content stayed between $167 to $169 per tonne on Tuesday...
http://bestshippingnews.com/freight-news/iron-ore-prices-stable-as-chinese-buying-slowed/

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57161031

I'm not sure who would sell a TON of iron ore for only 183 cents (or $1.83 per TON). Heck, if that's the case, there wouldn't be scrap yards. gotta be a typo somewhere...LOL.

Now, the question is whether RR is indeed a large iron deposit. I've thought it very likely, but we'll have to see the assays to know for sure what's in the ground.

GLTA
~Bio