Replies to post #195764 on Golkor Inc (GKOR)

[B402]

Quoting Grab Samples is an Old Trick...LOL

Didn't work so well in NL
Except to trap those that don't understand Them

Weeeeeeeeeeeeeeeeeee

[74stingray]

to funny, thats about what Ken wanted people to come up with. Give you enough rope so to speak.

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For sake-of-arguement...and to give some pessimistic-points to those who are doubters...

Let's say that instead of 6.0 g/t, it's exactly the same as Noble (which is proven and was worthy to be invested in).

That would mean that KATX's Kat Ekom Eya would still yield 2,582,258 grams of gold or 90,379 ounces of gold. That multiplied by $1600 oz is worth $144.60 million

So being ultra conservative, and using the lower grade that is equal to their neigbhor's proven resources, wouldn't it be a smart investment of $7 million to get $144 Million in gold?

I think Ken and company have made a very wise speculation.

[AbrahamS]

Noble only got the property in 09! The historic proven data they have comes from the same place ours does :)


In 1996 AGC was listed on the New York Stock Exchange to raise new capital, it was the first African company to appear on Wall Street. In 2004, it merged with AngloGold to create the world's second-largest gold producer, AngloGold Ashanti company. AngloGold is based in South Africa and majority-owned by Anglo American group.[1]
http://www.anglogold.co.za/NR/rdonlyres/BDB5B570-C236-4C5B-9F53-1B5ED83F7E0C/0/Ashanti_CompanyHistory.pdf

http://en.wikipedia.org/wiki/National_Instrument_43-101


The National Instrument 43-101 is broadly comparable to the Joint Ore Reserves Committee Code (JORC Code) which regulates the publication of mineral exploration reports on the Australian Stock Exchange (ASX). It is also broadly comparable with the South African Code for the Reporting of Mineral Resources and Mineral Reserves (SAMREC)[1].The reporting codes are, however, not entirely congruent in practice, in that NI 43-101 is more prescriptive in terms of the manner in which mineral exploration reporting is presented, although the content of the technical reports, and the scientific rigors to which the mineral resource classifications within them are put, are often very similar.
For TSX listing purposes,an NI43-101 Technical Report would have to be accompanied by an Report prepared in accordance with NI43-101. For ASX listings, a JORC Mineral Resource Statement needs to be accompanied by a Valmin Valuation Report, while for JSE listings, a Competent Person's Report (CPRs), which is compliant with SAMREC and The South African Code for the Valuation of Mineral Assets (SAMVAL), needs to be submitted.
In many cases, NI 43-101 and JORC Code technical reports are considered inter-changeable and may be accepted by either regulatory body in cases of dual listed entities and, indeed, are accepted as the de-facto industry reporting standard by many other jurisdictions which lack similar rigorous reporting standards or internationally recognized industry professional bodies. The LSE, for instance, accepts CPRs, Qualified Person's Reports (QPRs), and Mineral Resource Statements, compiled using JORC, SAMREC and SAMVAL, or NI 43-101, when accompanied by a NI51-101 Valuation Form, for listing on the LSE. Likewise, the Hong Kong Stock Exchange accepts reports prepared in accordance with NI 43-101,SAMREC or JORC.