It's because an exploration company makes it's money from option's and j/v's and a mining co. makes it's money from what it pulls out of the ground.Most large mining companies don't pr small j/v's or option agreements because less than 1 out of 100 ever turn out to be a productive mine.I can see how you could be confused,because KATX is an exploration company that is pretending to be a jr. miner with the financial backing of a lemonade stand.
mappo it's RELATIVITY. Opting out of a tiny tiny deal by Vale is a miniscule tiny tiny event of no consequence to Vale. But it is a MAJOR event for KATX / BVIG. And do not put words in my mouth that I did not write !!!! Nothing illegal has yet been done because we do not know the Facts in this matter.
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