Replies to post #197009 on KAT Exploration Inc (KATX)

[ShortonCash]

That's right HV the road that Connects the_BVIG/KATX_EKOM_YE_YA Coop and BVIG/KATX partner is now almost complete. Its great to be surround by Noble and listed as a drilling target on their presentations....

The public road diversion is now 85 per cent completed and equipment availability and productivity is in line with budget.

Thats right HV the road that Connects the BVIG EKOM YE YA Coop and New BVIG partners....was as of 03-29 2012 85% complete...the outcrops just to the south proceeding as an one combined open pit mine...

A Road connecting the old Bibiani North Mine site to the plant..owned by Noble and who claim complete surrounds the BVIG EKOM YA Ye is certainly a topic that would be of intense interest since they would also in a joint venture with BVIG be in a great position to that advantage of the $132,000,000 dollars of tax loss carry forward...since they are now producing gold .....

http://www.miningweekly.com/article/company-announcement-production-at-bibiani-2012-03-29

Mining at the Aheman and Strauss pits is progressing well and is part of Noble’s strategy to supply the first primary ore feed for the mill from these deposits. Reclamation of the levee material is also proceeding and it is used as primary ore feed to the processing facility during commissioning. The new grade control model for the Strauss pit has been highly successful, with the subsequent re-optimisation resulting in a 25 per cent increase in ore tonnage. Drilling and blasting operations have commenced during February at Aheman and Strauss pits. The public road diversion is now 85 per cent completed and equipment availability and productivity is in line with budget.

http://www.miningweekly.com/article/company-announcement-production-at-bibiani-2012-03-29

The drilling, which involves five rigs, is focusing on the Main Pit and satellite deposits. Results so far suggest the mineralisation at the Strauss and Walsh satellite deposits is continuous and may form one pit.
A host of high-grade results have also been received from drilling at the Main Pit. These results, as well as those from other areas at Bibiani, will be included in the fresh resource and reserve estimate.
www.nobleminres.com.au

I believe the BVIG site the EKOM YA YE is the the other areas stated above and noted below as a drilling area in the red....


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My bet is it the route for the new powerlines as well.....

http://www.accessmylibrary.com/article-1G1-189624924/gh2-2-million-life.html

The Ekom Eya Cooperative Small Scale Miners at Bibiani in the Western Region, have received a loan facility at GH¢2.2million from the government.
The amount is to enable the miners extend electricity supply to their working site to off-set huge costs incurred through the use of diesel generators and purchase needed equipment.
They had earlier obtained a 24.79 acre land acceded by Anglogold Ashanti through the intervention of the government.
This is the first time in the history of the country that small scale or artisinal miners have received such assistance from the government.

New Road, new plant for processing ore down the road..makes for a nice joint venture partner...with a tax loss carry forward of $132,000,000.00

Tax losses
As mentioned, one of the significant reasons for a joint venture is in relation to taxation, and in particular tax losses. There are a number of issues in relation to accessing tax losses that affect the choice whether to use a joint venture structure.
Access to tax losses Mineral mining companies will usually accumulate tax losses in the prospecting, exploration and development phases of a project. The tax characteristics of joint ventures and partnerships allow the members of these unincorporated bodies immediate access to these losses. Joint ventures and partnerships do not pay income tax or carry forward tax losses. The tax losses are enjoyed and tax liabilities are met by the members/partners.
There is one distinction between partnerships and joint ventures for income tax purposes. A joint venture does not file a tax return. Rather, the members of the joint venture will include in their individual tax returns their share of the joint venture’s revenue and costs. A partnership, on the other hand, must file a tax return. Thus, each of the partners will include their share of the annual net income or loss disclosed in the partnership’s tax return in their individual income
tax returns.
www.nzpam.govt.nz/cms/pdf-library/minerals/conferences-1/306_papers_11.pdf

A Buyer is going to want to structure a sale as to reduce the after-tax cost of acquiring the business. As a result, a primary concern will be the allocation of the acquisition cost. The Buyer will want this cost to be allocatable to assets than can be expensed or depreciated quickly. In some instances the business may have a net operating loss (NOL) or tax credit carryforward that the purchaser may want to use for future use. To the extent a transaction can be structured favorably to preserve any carryforwards or minimize any future restrictions, may translate into a Buyer's ability to pay more for that business
A stock sale causes no change in the legal entity. There is no change in the tax entity. The tax basis of the corporation's assets remains unchanged, and all the corporation's tax attributes, including methods, tax year, corporate tax election, are preserved. Existing carryforwards are available to the purchaser.