Replies to post #140333 on KAT Exploration Inc (KATX)

[frankb325]

nice post, and since this we've had the option agreement with vale and from the link i saw last week vale has spent a little money on the lucky propery. big things are coming and that is just mho

[AARGUS]

still relevant-

also, the labor dispute has been resolved.

Voisey’s Bay is a self-sufficient site, complete with a diesel generating plant, its
own drinking water supply, a sewage treatment facility and a number of warehouses
and maintenance facilities to support the operation.

http://www.vbnc.com/PDFs/BirdseyeVBNC2.pdf

glta

[B402]

JVs..KATX Needs them...PPS .50 or a 1.00,,,think again

Cornerstone has 9 existing or past
PPS as of the original post .62 a couple wks ago and
That is with One Mineable Find to date

2 types of JVs
One is when you need or want help to Drill and explore
Splitting the cost and hedging any loss
These rarely move PPS because there and no Proven minerals
They will Help Katx sure up their business though

Then another if you have Mineable minerals, Drilled and Proven
These are the big boys that really move PPS

As JVs are discussed here, be sure to know the difference
Many would hype one over the other

So here is Cornerstone, Ken was a co-founder
It shows How JVs are used and don't really pay till minerals are found
A Jv now would help Katx as I said, just do not expect the moon.

B402 Share Friday, March 11, 2011 7:58:14 PM
Re: eiddle post# 136930 Post # of 140333

Agreed Eiddle, Here is a fair comparison to judge Katx by...

To keep the Next PR in context
and show what Katx may or may be capable of pps wise
Using Kens ex-company

Katx OS....640 mil
Cornerstone... 110 mil

Katx has... 0 JVs 1 agreement with Vale
Cornerstone... Past and present JVs.... 9 and 1 agreement with Vale

Katx... has 2 drilling programs with no mineable results todate
Cornerstone... has 3 drilling programs posting 1 mineable result of 5% copper over 16.5m

Katx.... has 8 properties all 100% owned and HC which is up in the air
Cornerstone has 10, 100% or JVd properties with options on 15 others

Katx Share price .0224
Cornerstone .6215

As people anticipate the next PR by Katx and rumor JVs amoung other needed adjustments
Keep Cornerstone and all the JVs they have (which Ken worked on some of those) in mind

It gives an honest comparison of what Katx is actually capable of PPS wise

Cornerstones PPS did not jump untill they anticipated then Posted the 5% copper over 16.5m
Going from the teens to its current level

So, As people post rediculous PPS estimates.......
Katx has its work cut out for them....
you need minerals and a consistant Business Model

www.katexploration.com/
http://www.cornerstoneresources.com/s/Home.asp

A quote from cornerstone who uses the JV model

Quote:
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Cornerstone Resources is a junior mineral exploration company focused on project generation. It subscribes to the joint venture model whereby it partners with mid-tier and major mining companies to advance projects. This reduces the risk and costs to Cornerstone. Present and past joint venture partners include Newmont, Vale, Intrepid, Thundermin, Phelps Dodge, Noranda, Agnico Eagle, Falconbridge, Moydow and Altius among others. Currently, it holds properties in eastern Canada (Newfoundland & Labrador, New Brunswick, Nova Scotia) and in Ecuador. Cornerstone is an international exploration company recognized for its business and technical acumen.
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http://investorshub.advfn.com/boards/board.aspx?board_id=18334

As I said there is a big difference between JVs to share exploration
and JVs after you have found Mineable minerals

No matter what, you need those minerals