KAT Exploration Inc (KATX)

[74stingray]

Looks to me you all forgot the one who was financing the company who knew much more about the drilling results from HandCamp and Rusty Ridge had left the company, called it quits. This tells me that NONE of KATX properties were any good, Not the ones worked on or any of the other properties or they would still be with the company. The PPS tanked to sub-penny levels for a reason, most likely Vale walked away from the option to JV as well before they lost financing. Why else would the one financing leave such a once in a lifetime opportunity.
If KATX bombed on EVERYTHING and still had a Option to JV on the table with Vale, why would the ones financing walk away from such an opportunity???They wouldn't.

pretty easy when thought out that this company is done, just have to wait out the down spiral that's been going on since Christmas.

____________________________________________________________________


We all seem to have forgotten the Rusty Ridge drill results.
Thanks for the post to remind us about that.
Based on the partial results, so far REE result looks excellent
Except for rubidium: 0.022% TREO,
all the rest of REE elements are mineable at todays standard, which is 0.03% REE required mineable.
Excellent post.
Thank you.