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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Famularo who wrote (4393)3/12/1998 2:43:00 PM
From: LOOGAN  Read Replies (1) of 7966
 
Frank, I have seen that people on this thread have been concerned with lack of news on things such as quality of the stones and size distribution. The answer lies in Ashtons budget for this year. Many people do not see this expenditure as significant because of Ashton's parent company's deep pockets. This is not so. AML (parent co.) is in the last few years of production on their Argyle mine as well they have projects around the world. As we know, exploration is extremely expensive. I don't think that AML would have financed ACA blindly. What I mean is that they have info. that is not at our disposal and I don't think that they would have financed this project (to the extent that they did) unless the felt that there was VERY positive results to date. I think that K91 results will be good but K14 bulk will be what opens the institutional buying floodgates. This is where we expect to see the value of the stones and value per ton of kimb. I fully expect the grade to improve with a larger sample.
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