KAT Exploration Inc (KATX)

[TinkerBelle]

B402...Agreement isn't in serious doubt... that is your spin on it.

Lets look at the PR for the KAT/VALE Option to JV Agreement.

KAT Exploration Signs Three-Year Option Agreement Contract With Vale
KAT Exploration Inc. (PINKSHEETS: KATX) ("KAT") is pleased to announce that it has signed an option agreement with Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. ("VALE"), on its North and South Lucky copper properties on the Bonavista peninsula in eastern Newfoundland. Under the terms of the agreement, VEC has committed to an initial C$20,000 cash payment on signing and may elect to make further cash payments totaling C$75,000 over the three-year option period, and may elect to incur a minimum of C$750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties.

It gives no time frames or dates from signing, OTHER than "over the three-year option period" Three years from date of signing the option agreement.
http://ih.advfn.com/p.php?pid=nmona&article=43197437&symbol=KATX

ALSO, with all the recent Gov. information and maps highlighting areas with Kat properties, we have a high probability of some JV's or buyouts.
Rusty Ridge (Ken's Mountain), Lucky and Handcamp (links below)

http://www.nr.gov.nl.ca/nr/mines/investments/REE_Commodities.pdf

MAJOR EXPLORATION PROPERTIES Bonavista Peninsula where Lucky Property is.

http://www.nr.gov.nl.ca/nr/mines/investments/Metal%20Mines,%20Projects%20in%20Development%20and%20Major%20Exploration%20Plays%20%282011%29.pdf
CHECK OUT #45 ON THIS MAP BELOW HANDCAMP (Major Exploration Properties)

http://www.nr.gov.nl.ca/nr/mines/exploration/explorationactivity/expl_properties.pdf