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09/04/11 11:41 AM

#164528 RE: mappo #164524

MAPPO...To begin with you don't know if there will be a future, no less future JV. Secondly, IF a JV, 20% is if KATX pays their share of future exploration solely with their own money or Katx will be giving up %% to raise money. Then IF something is found and mineable profit of what is left of the 20% can be determined. We'll see. JMO