Well the sad reality of that is in order to break even KATX has to actually find something worth mining or to joint venture with. I doubt very much either will come from RR. Maybe Handcamp or one of the other properties later this coming summer might have better luck.
Until KATX gets working on other properties this will continue to trade in this .03 to .04 range or until they finally release drilling results from the second core on RR. Once that happens this will tank further to settle hopefully no lower than .01 where it will remain until work on another Property starts the hype all over again.
That's all this company can offer is hype until they get lucky and actually hit something, Gump has been dead on stating this all along, I use to hate seeing him post such statements, but now I see he has been right all along with his opinions based on his experience in the field.
I'm not saying KATX won't ever hit anything, just that its highly unlikely. If I'm wrong I'll be rich like many other Longs, If I'm right, well lesson learned...
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