Maybe there is a common JV partner and similiar NDA whose timing is now come to a close.....
Rick-UK Share Tuesday, September 28, 2010 3:05:59 PM
Re: clutnam post# 98300
Bear in mind that just like Cornerstone, KAT Exploration also has two strings to its bow on the Bonavista Peninsula - Lucky South and Lucky North. Unlike Cornerstone however, KAT has only optioned Lucky South and has retained 100% ownership of Lucky North. We do not know why, but we do know a couple of things. Firstly that VALE has claimed the entirety of available property on the Bonavista Peninsula - ie around both Lucky South and North - which strongly indicates to me that there would be no reason why VALE would not have been interested in optioning Lucky North as much as Lucky South and the two Cornerstone properties. Secondly that Lucky North was claimed just days before KAT Exploration went public with the initial Lucky exploration results and the mad rush by VALE to claim everything left in the area. So at that time, Ken could have claimed any part of Bonavista that he wanted but he didn't extend Lucky South and he didn't claim anything else, just Lucky North. This indicates to me that aside from the two Cornerstone properties which were there prior to these events, Ken took what he considered to be the parts of Bonavista with the highest potential for mineralisation
Ken already had Rusty Ridge, seems like many of the Katx neighbor have found something in the sand box that is the Bonavista.....
