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usafa

03/05/11 2:26 PM

#135792 RE: daggfish #135791

Looking at how much they spent on HC in the third quarter and how much they spent on Rusty, its as if they accomplished another drill program on HC (IMHO).
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gump90

03/05/11 2:36 PM

#135794 RE: daggfish #135791

I hope they get that back. A lot of money spent on a Property they do not own. LOL. They can get those expenditures without doing any drilling. I forgot to add soil sampling and assaying. It costs big dough to do field work to-day. These people spent $2,000,000 last year and got ONE weak gold assay. I think the big shot Financiers have backed out on the rest of that $5,000,000 promised. Not much bang for their buck. This exploration business is all about your ability to raise money in the face of weak results over and over again. I think the first KAT well has now gone dry.
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Jackroch

03/05/11 3:51 PM

#135795 RE: daggfish #135791

I agree.

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BigOwl47

03/06/11 1:42 PM

#135945 RE: daggfish #135791

Kat Exploration Limited
Summary of Mineral Property Expenses
November 30, 2010
( Unaudited )
Page 11:

This page of the 2010 financial report shows just how much was actually spent by KATX by quarter for each individual property.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45446