Replies to post #26671 on KAT Exploration Inc (KATX)

[holen1]

I asked Gump a couple weeks back and he indicated there were a number of variables, but $25/ft was an ave cost number provided by Gump. I did some analysis a month back on UXG's drill program and it came out to around $70/ft. Based on these two numbers I'm inclined to use $50 as a very rough number which if you allocated 3.5 million to a drill program would equate to 70,000 ft of drilling. The next variable is the drill lengths. Using 1000 ft per drill length would equate to 70 drill holes. Bore lengths may be shorter though increasing the number of bore holes. UXG average was 1200ft. Hopely this should be enough to establish basis of JV and prove property though. IMO

[B402]

Thanks anyway...eom