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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Famularo who wrote (3573)1/20/1998 5:06:00 PM
From: Michael Markham  Read Replies (1) of 7966
 
Frank, I have been in this for a long time and remember all these guys whith their "show me a diamond, a big diamond". We talked about what it would take for a mine etc.... Frank we have "Commercial size daimonds" !!! 1.31 ct !! It will take a reversal or set back not to have this turn into a mine. For me I have been in this play at $1.35 and then sold some at $4 and kept the balance and added some at $3.75 My question now is how long before they will be able to start the larger bulk samples and begin to delinate or block out some sort of gross reserves? Since I was in the base metals industry I dont know how they will block out some sort of meaningful reserves. With metals sometimes you must drill every 100 meters, how does that compare to diamonds, do you block out a pipe?

Once some sort of reserves can be blocked out we can talk about gross value and Ashtons market cap. Regards

Its great news!
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