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Gold/Mining/Energy : New Claymore Resources
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To: david f. dempster who wrote (216)6/18/1997 11:31:00 PM
From: Colt   of 531
 
Hit diamonds. I'd be satisfied initially with PMI finding 11 kimberlites. I do agree that PMI has the best of NCS's property. Keep in mind PMI was the first one in to J.V. with NCS. The key to this play so far is the AGS study conducted last year. They found mulitple diamond indicaters in two areas , one where Ashton has hit and the second in the Peace River area, where NCS owns the rights to most of the land and the 250,000 acres PMI has, is right in the middle of it.

Check out the charts of NCS and ACA from the begining of this play to their recent highs. ACA-$8.00 and NCS-$4.00. You'll notice on average that NCS was always 50 percent of the going price of Ashton. Now look at the last few weeks and you'll notice NCS is consolidating while Ashton continues to drift lower. I think investors are starting to realize the real potential here, is NCS.
When the new J.V.'s are announced ,I think you'll see NCS surpass Ashton as the leader in this play. Things will happen alot faster with several parties drilling on NCS's property this summer, compared to Ashton doing everything themselves.We'll also see a dramatic improvement in the flow of information compared to the very secretive, Ashton.
I haven't talked to PMI lately but last I heard their crew should be on the property next week.

Craig
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