ASHTON MINING OF CANADA (ACA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chummer who wrote (4446)	3/14/1998 3:59:00 PM
From: DIAMOND JIM	of 7966

Hi BB..The $60/ct is a figure determined for the pipes in the NWT slated for production. The presence of fancies in the ACA pipes would tend to increase the value - the NWT does not seem to have fancies. The valuation and grade of the very small sample we have is being refered to as exceptional. Our estimate is likely conservative. Determining a pipe's value using our type of calculation based on pipe size is probably a good ballpark approach. Clearly the estimate for the $20 billion Orapa pipe uses a similiar approach. Note we are looking at only one pipe - with K91 ct/tn coming soon and likely another 13-15 new pipes to analyze, a betting man might be tempted. I was this week and increased my position by 80%. Regards DJ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next