Valuepro, good analysis and appreciate your comments. I do not know the quanities, need to dig it, but there were stones reported over 1mm. Yes, I agree .1 to .5 means NIL. Although I am not as technical as you guys but I consider myself a pioneer with diamond stocks, since 90. People I am in touch translate the techie stuff to what is needed..lol Ashton's mangement and technical experience is awesome. Rio's involvement gives me a comfort level. The only shame is Rio will buy out the remaining float before Ashton ever gets an opportunity to move into operational. Rumor is Ashton will announce a 200-400t bulk with K252, a small pipe. Infrastructure in Alberta is 1/2 what it would cost in the Slave area. They still have not given up with Buffalo Hills. They will be poking 7 anomolies, close by to K252. They refuse to give up! lol
All aside from the technical talk, four houses have written research reports on the Coronation and Quebec play. Bolder, PI, DS, Merril Lynch are awaiting the 2002 workplan and surface sampling from Ashton before their research paper is released. Difficult to go against the bullish market tide. It would take some lousy numbers before the hype on this one reverses. This is what makes the game fun. Debates and all. I've had folks comment Ashton was done at 1.50, 2.00, 2.50, 3.00, 4.00... Frank feels comfortable the next announcement will spike the cost to new highs. Will it trade to $8.00, as it did in 97? Too early to say, but $5.00 is sure achievable, no later than the next few weeks....just my cents worth, before calling it quits. Talk to you all tomorrow!
one more thing, two good books I read, Barren Lands by Kevin Kaljic and Diamonds by Matthew Hart. Matthew is responsible for writing a story on Frank Famularo in 1997.. LOL.. What a hoot of a writeup... Attention, exactly what I needed from you know who! O S C ....frank |
