There is NO WAY in 10,000 years that KATX will have enough data on which to base a NI 43-101 Compliant estimate of REE RESOURCES ANY TIME SOON !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PROFESSIONAL DISCLAiMER : This person ( me ) using the alias gump90 is a Registered Professional Engineer ( B.C. Canada ) Retired Status. I am a Professional Mining Geologist of more than 60 years experience. I graduated in the Engineering Faculty of one of Canada's leading Universities in the year 1949. The opinions expressed here and elsewhere are my own opinions and should not be relied on for decisions that readers might make to buy or sell mineral-related stocks. I accept no responsibility for any financial losses that readers may incur. I am affiliated with no one or no group of any kind. The opinions expressed herein are my own.
You realize that in order to complete and release a 43-101 resource report there needs to be a LOT more drilling. There are a lot of standards to follow in order to have any sort of resource calculation. And KATX does not have that info.
Nevertheless, they could release a 43-101 compliant PR reporting on the REE results. This requires a qualified person, of which they have plenty, to verify results and that there has been an acceptable QA/QC followed during the sampling and analyses.
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