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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Bob Fairchild who wrote (2754)11/2/1997 2:07:00 PM
From: Famularo  Read Replies (1) of 7966
 
Bob, you bring an interesting point. Kennecott and a few other NWT companies are trying to get in thru joint ventures. Of course, we don't hear about all the behind door sessions. These NWT companies are going to become more aggresive towards getting involved with the Alberta play if Ashton'st bulk sampling results are impressive. Watch for BHP, Diamet, Kennecott, Aber, Southernera make buyout attempts or joint ventures.

It is much cheaper and quicker to find and maintain a mine in Alberta.

Some of the NWT pipes are under water and difficult to mine vs Alberta which I think are all land pipes. Easy access in Alberta vs NWT. Much colder in NWT than Northern Alberta. If the bulk sampling is successful, one of the future project phases is to produce a feasibility report re activating a production mine. I am confident that the operating costs will be less than what it is costing Diamet.
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