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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Famularo who wrote (3028)12/2/1997 2:38:00 PM
From: DIAMOND JIM   of 7966
 
Frank I am about three hours drive from the Ashton property - In my normal course of business I must have over flown the site many times during the past several years . I have not visited the site but wonder if the company would permit "tourists" (aka shareholders) to rubber neck and Polariod the operation.

WRT the forest cover in the area depicted in the Miner, many folks might be surprised to learn that the majority of northern Alberta is forested with major papermill operations accounting for the third major economic sector after oil and agriculture. The DMI plant in Peace River holds the timber rights in the Ashton area. Re Glenn's observations concerning access, he is right on the money. However the Red Earth highway (Hwy 88) and Hwy 986 would be the primary routes out of the K14 region which are all-weather, unpaved roads. Many oil service and logging roads are also all-weather in the region so winter-only access many not be as large an obstacle.

Re this morning's news: clearly the market is not too excited and will likely react to the mini-bulk results much more decisively. Do you expect all the mini-bulks will come at once? In any case considering the overall weakness in the sector (ABZ, SUF in particular) ACA is holding up well.

Clearly and coloressly yours. DJ
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