KAT Exploration Inc (KATX)

[silvergun]

Vale is drilling Lucky as per the 3 yr option agreement. If thats not working with Vale hand in hand and closely then I dont know what is. I want to hear updates on the option agreement announced in 2010 but Ive seen proof Vale is drilling N Lucky and Vale kept all of the claims all around Lucky.
The Lucky property has a Zambian style copper belt and Vale has surrounded it and is drilling all around it + Vale's Long Harbor Processing Plant will be ready in 18 months. Looks to me like a deal between KATX and VALE on the Lucky bullseye is going to happen but it may take some time. The 3 yr option expiration and the Long Harbor plant completion seem to be at or near the same time. We shall see.

And thats just 1 property - we also have Handcamp where 12 holes all found gold and silver. Plus the REEs found in Rusty Ridge. I believe there are other deals in the works and soon to be announced.

Double zeros is ridiculously cheap for this stock. Big reversal coming and back to multi pennies - I would say .03+ short term and over .05 - .10 by Spring/ Summer 2012.