KAT Exploration Inc (KATX)

[ShortonCash]

Why stop at .05 LOL

Ken Stead has announced a deep drilling program to begin on this property in the coming weeks. If an IOCG deposit (iron, ore, copper and gold plus REE’s, rare earth elements) are discovered on the property, this will no doubt give this small company and quiet property international attention. When Inco started to drill the Voisey Bay deposit, that stock rocketed from .20 cents to $165.


http://current.com/news/92654539_does-a-very-rare-and-valuable-iocg-property-exist-in-newfoundland-similar-to-the-olympic-dam-in-australia.htm




His unparalleled gift for promotion once had nickel heavyweights Inco and Falconbridge outbidding and out-shouting each other for the right to own the robust Voisey's Bay nickel deposit in Labrador. When the dust finally settled, Inco paid $4.3 billion (about $160 per share on a pre-split basis) for Diamond Fields Resources and a nickel deposit that Inco would later take a $1-billion writedown on before it developed the asset in 2005. It's said Friedland himself pocketed more than $500 million in the deal.

http://miningmarkets.ca/issues/story.aspx?aid=1000334564&type=Print+Archives