Golkor Inc (GKOR)

[BigOwl47]

Just some thoughts on North & South Lucky Properties which are just two properties of the multiple properties of KATX. These two different Lucky claims have a potential for profit in the long term.

Why did Vale stake approximately 300 square kilometers of claims around N & S Lucky Properties within about two weeks of KATX Press Release in November 2009? So what prompted Vale to take this action so quickly? Somehow it makes you think that Vale was already looking at this property at the Bonavista and was forced to react quickly when KATX filed claims in November 2009.

Nobody would stake 300 square kilometers of land around N & S Lucky just because of one small press release from a pink sheet company like KATX. Unless they had prior knowledge of the area and prior planning was involved. Keep in mind that Vale operates 12 months of the year. It makes me wonder what was going on with the Bonavista claims prior to KATX November 2009 Press Release.

Vale does operate all year long and Vale came to KATX very soon after KATX staked their claims and within 6 months signed an option on N & S Lucky. I would think that there would have to have been Non Disclosure Agreements in place for a while prior to the options agreements signings occurred. Vale had to visit the property and speak with KATX about these two separate Lucky properties before any agreement could come to pass.

We can assume that Vale has been interested in these two Lucky properties but also interested in other properties on the Bonavista too. Vale must have been doing some amount of work on the Bonavista prior to KATX staking claims and also working with KATX for at least the last 14 months. We are now 8 months into the 36 month option agreement period that Vale signed with KATX and it would be foolish for Vale to not be actively working on N & S Lucky properties all along. So I suspect that there has been a lot more work being done on the Bonavista and perhaps on N & S Lucky properties too.

Keep in mind that Vale, the second largest Mining Company in the world, did not sign options with lots of other junior mining companies on the Bonavista. I think Cornerstone has an agreement with Vale, but I am not aware of any other agreements in place by Vale with other junior mining companies.

I’m not saying there is anything mineable at N & S Lucky properties. But the sequence of events seems to indicate that Vale, at least, has a suspicion that there may be something worthwhile in those two properties. Time will tell whether Vale’s and Ken’s suspicions about N & S Lucky properties are correct.

I believe the Option Agreement with Vale is 80 % for Vale and 20% for KATX. I hope our 20% of something that may be economically viable and possibly in the ground becomes 20% of something that makes us all a lot of profit in the future. This is just one reason that I think KATX, as a junior mining company, has a lot of long term potential. I could be wrong about all of this. But I am thinking Vale and Ken’s geologists are thinking otherwise. I hope they are all correct about N & S Lucky.