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Mr. Zen

03/04/10 9:07 AM

#26900 RE: Rick-UK #26897

Rick, geologist companies like KAT hold the rights to the minerals through staking claims on the property.

It is quite common for a geologist/explorer to joint venture with a mineral explorer (drilling company) or mining company to develop a property, very rarely does one company go from exploration to working mill. It seems to becoming more of a specialized industry.

There are many times however when the geologist/explorer will hire the drilling company and they remain as the operator of a project, depending on circumstance.

He who holds the title to the claim calls the shots. period.