My response to a poster from the Diamond Cafe. Related to Ashton and why I've pasted it here......frank
maybe even Ashton Renard in 10 or 12 years...
comments have been made by the Quebec government, it is projecting, by 2010, Quebec will have created 1000 of jobs in Northern Quebec due to a diamond mine. It failed to say, which company. However, a few know Soquen(quebec government) have a 50% stake with Rio and Ashton. I will search through my archives and post the articles. There were two seperate articles, one wa quoted by Jean Charest, premier of Quebec, The other article is a Canadian committe setup for marketing canadian diamond stones. SGF\Soquen(partners with Ashton) are playing an active role within the committee. Based on the projection, it is five years away. The current program taking place at Renard is extremely important to Ashtons\Rio reputation. By early 2005, bulk results and diamond valuations will dictate the 2005\2006 program. Assuming, its moving forward to the next step, it may finally start to sink in to the many market observers. As we know, Rio only has exposure with Aber in NWT. The Quebec project is Rio's most advanced canadian project. It is my understanding, Rio wants to keep up with Debeers Snap Lake, Victor and Mountain and will assist in any way possible if the Quebec projects starts to show signs of a profitable mine. Remember, Aber was 7 bucks, just 5 yrs ago...... :-) frank |
