Replies to post #22692 on KAT Exploration Inc (KATX)

[scottmba]

I highly recommend reading that presentation. Very enlightening about timelines, feasibility studies, environmental assessment, hedging costs, and reserve valuations. You guys talk about DD, here is a real life comp.

http://www.tasekomines.com/i/pdf/TKO_January2010.pdf

[Defuser]

16 mil ounces in resources not reserves. There is a difference, reserves are what is proven. It looks as if the company you posted has 7.7mil ounces in reserve. Also, they are trading over $4 a share.