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Wednesday, January 19, 2011 7:47:36 AM
I would pay $1.00 for it. Right now, KATX hasn't proven they have anything.
I am in another company that announced millions of ounces of gold inferred, and there is a possibility for millions more easily. They have a ton of drill holes into the property as well.
The market cap on this company is just over $1Bil.
So, Kat has a LONG LONG way to go... I think a number of people here are under the assumption that 1 or 2 drill holes is good enough.
It's not. NOT NEARLY GOOD ENOUGH. The only way it would be, is if they hit 100's of meters of mineralization at good grades, which is a pretty slim chance on the first try.
Recent KATX News
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Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM