Golkor Inc (GKOR)

[Splash59]

Before you go further on this read this from Er0ch about Kat/Vale JV on Lucky:

"We get alot by only having to put up 20%. People tend to look at it like we only get "20%" in profits from this deal, which is true, but at the same time we only have to put up 20% of the captial to fund this project as well. A feseabitly study alone on Lucky would cost around 50 million dollars. KATX has no income, we are not making any money currently, and wont for a while, so there was simply no way we could cover the costs of that, along with all the other costs of mining a property like this. Nore would it make any sense for us to, as we can make Vale pay for most of it which is what we are doing.

And Lucky could be worth as much if not more than 5 billion. SO 20% of 5 billion is still 1 billion for us. 1 billion or even 500 million in profits for a company that is currently making zero is a massive amount of money and would be fantastic.

So this is indeed a very very good deal even though at first glance it might not look that way."

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