Replies to post #140484 on KAT Exploration Inc (KATX)

[skyhawk66]

Yes! That is why we could hit a Nice $ figure, WOW.

[Sirius_Fan]

That analogy doesn't make sense... Neither does the tonnage argument...


HC had a very small intersection in the 2 best drill holes...

Averaged just over 1 g/t around 20m. That doesn't strike me as being a large tonnage type of deposit...

Other companies that drill 100m+ around 1 g/t strike me as being a better example of this.


As for the analogy, if the kids are supposed to represent different metals, then you can't assign a price to them all together, take some out, and redistribute the same price over the remaining kids. That's not how it works.

[B402]

No Short. In Ken Steads own words...

awaiting the next batch of assays to find out just how consistent REE are at depth and if the grades improve.

There is no Iron Ore, No Copper, No Gold reported
Thats what makes an IOCG as RR was HYPED

You need a Mineable Mineral to get REEs for Free....
Just enough Hematite to make a Pretty Mangnetic picture
Sub economic Copper

That is why Ken himself said They Needs Improvement
And the Company Changed its Focus
You Need Grades And Intersections to Mine REEs alone

Newbs Beware Of Misleading Posts
That Have Been Debunked Over and Over again

The PRs Title Speaks Volumes about The New Focus
What is not Mentioned, is Just as Important

KAT Exploration Inc. Drills Rare Earth Elements (REE's) at Rusty Ridge
http://ih.advfn.com/p.php?pid=nmona&article=45775153

Ken Says They Need To Improve, They Indeed Do
2.0 to 4.0% TREO to Mine (with 25 to 50% of that needs to be HREO)
.5% TREO just to Justify more Exploration

Current Results are (note how the company lists Intersections,BTW)

The 7.5m width

0.164% TREO
0.051% HREO
0.113% LREO

0.268% zirconium dioxide
0.039% Nb205
0.022% rubidium

lanthanum..(LREO
cerium..(LREO
zircon