| Hello Vaughn. Good to see your insight. I like your picks and am a supporter of mpv.. However, after that, Ashton is the second. Ashton's market cap will prove to be under valued by April 2005. I understand tonnage is a concern, but new discoveries and more drilling on the complex Lynx dyke will add to the Renard cluster. (Lynx may not have the grade to Snap, but may prove to have similar tonnage) Lets remind ourselves the infracstructure at Foxtrot is awesome and much was built for the once producing Eastman Mine.. ie... roads, power, etc...I've worked out a min of 20-30 million ton for Renard. Too early to tell, but look for the upcoming updates which will start to fill the pieces for the puzzle... Ashton is bulk sampling and is expected to accomplish 300 carats from a 600 t parcel. Markets do not believe or expect it will accomplish an average grade of 50cpht and a diamond parcel of 300carats. I'm confident it will. If you review the recent appointments made by Ashton, there is Ashton\Rio confidence the project is moving forward...If Ashton accomplishes the 300ct, with average grade of 50cpht, it's spending major dollars to move the project forward. Again, its early, all I'm suggesting is to monitor it. Rio needs to keep up with Debeers. As well, Jean Charest, prime minister of Quebec is watching and has mentioned Soquen\Ashton's project in Quebec. Based on some of the actions the Quebec government has taken, it is expecting to create 1000's of jobs. Still early, and a reason the stock has not reacted yet. We need new discoveries, expected grade from the bulk results and diamond valuations over 100.00. Winspear used to be at a buck and took off afterwards. My projection is Ashton will be the same, before Rio takes it private.... I've been telling many folks Mtx market cap was overvalued for many many months.. It is now at a range to consider, however, my sources are telling me Mtx is sitting on a potential complex dyke system, similar to the Lynx in Quebec... Both are on the same craton..... My bets are with Ashton to have Renard, Lynx and new discoveries, where it will drill near kimberlitic float it discovered on 1/2 dozen targets. My bet is a new discovery\cluster is possible this quarter on the Superior Craton. Once, my expectations are considered and proven, Asthons market cap will prove to be inexpensive....I agree, SWY is overly expensive, but well marketed by Eira and dad....Sooner or later, it must deliver, otherwise, it is coming down big......My grammar is crap, but wanted to share my insight. |
