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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: david f. dempster who wrote (1938)8/13/1997 6:14:00 PM
From: Valuepro   of 7966
 
David, don't think a comparison to SouthernEra is appropriate. SUF controls a fissure system inclusive of unusually large resources of ore. These resources have the likelihood of grading overall at least 1 c/t, 95% gem quality with resulting valuations of at least $126 carat...and they are getting better grades than that from the adjoining 65% owned Marsfontain property. They have a kimberlite field which is proving nothing short of remarkable. SUF also have cash flow and other targets at other locations. They have not drilled any uneconomic features if South Africa nor in Angola. They are coming up with "fancy" colored stones at one site on the Klipspringer property and another at Marsfontein. ACA has drilled a lot of features without a hint of the same kind of potential. All that can be said for ACA at this point is that they have a lot of targets.

ValuePro
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