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Re: AbrahamS post# 195754

Thursday, 04/26/2012 1:05:28 PM

Thursday, April 26, 2012 1:05:28 PM

Post# of 233823
For sake-of-arguement...and to give some pessimistic-points to those who are doubters...

Let's say that instead of 6.0 g/t, it's exactly the same as Noble (which is proven and was worthy to be invested in).

That would mean that KATX's Kat Ekom Eya would still yield 2,582,258 grams of gold or 90,379 ounces of gold. That multiplied by $1600 oz is worth $144.60 million

So being ultra conservative, and using the lower grade that is equal to their neigbhor's proven resources, wouldn't it be a smart investment of $7 million to get $144 Million in gold?

I think Ken and company have made a very wise speculation.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y