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

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To: Chris who wrote (7783)12/17/2001 6:31:31 PM
From: Famularo   of 7966
 
Chris, you post some good questions and interesting observations. I don't know for sure re Ashton 2002 Quebec plans. My guess is Ashton will update the market in January with the 2002 exploration plans. My thoughts are Ashton has more work they can handle. Prioritization will be a common discussion within the executive group. This reaction today is only based on Quebec's potential. Nunavut 1 ton results scheduled for late Jan, will have more fuel to guide Ashton to what direction they are heading. Ashton's management decision will become more important as they are heading into their 9th year. Do they poke at Quebec, and slow down Alberta? Do they poke away at another 10 or so anomolies within the Coronation play?

Speaking of Alberta, it is obvious K252 is a powerful mine, however the tonnage is weak. If they revisit others, such as K14C, K91, K6 and arrive at a decent number. We may see further focus on Alberta. The fortunate thing with Ashton shareholders is the diversification. Any area can blast off. The key is wait and see where management budgets for each area. Chris, sign up on stockhouse, I will activate u.....frank
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