ASHTON MINING OF CANADA (ACA) Message Board

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

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To: Famularo who wrote (3799)	2/8/1998 6:35:00 PM
From: George J. Tromp	Read Replies (4) of 7966

Hi Frank: How can you or anyone describe what it will take to support a mine decision. Do you have a basis for determining gem quality. Please set forth the gem quality percentages in each scenario as you refer to and the dollars per carats. The Argylle has 5% gem quality., the only reason it is economic is due to the pinks. The Orapa grade is 67carats/100 tons., 15% gem quality valued at 55 dollars per carat. Its ore valued at 37.00 US per ton. How can anyone determine economics. So you guys lay out the scenario., show me the combinations that is going to make Ashton pipes a mine. I am not here to fester anyone., just show me the combinations. I have data that suggests Operating costs are in the following ranges: a. US $18-30/ton for large pits >3 ha pipe and >5Mt/y milled. These are world averages assimilated over several deposits., open pit. Now show me the combinations Ashton has to produce in gem quality percentages., and dollars/carat to be economic.? Sincerely George without cynicism Tromp

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