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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Famularo who wrote (4138)2/28/1998 12:01:00 PM
From: Blue  Read Replies (1) of 7966
 
PS I don't believe there is anything magical about the 500t figure. Basically for the sake of simplicity this can be broken down into three steps (if any kimberlite is found, and rarely is it).

1. Core sampling (diamondiferous or not?) Diamond counts matter somewhat but very inconclusive so don't get too worked up.

2. Bulk sample. 100-500 ton sample. Based on this you usually make a huge leap in certainty. You can usually tell from this one, though the bigger the sample the better.

3. Feasibility study. Almost like mining. Very expensive, 5,000 to 10,000 tons mined.

The capital intensive nature of this business means that most of these juniors are going to have a tough uphill climb. And unlike in the early days, their share prices won't easily climb on speculation.

Those who have their funding worked out and have made it to an advanced stage of drilling are a quantum leap ahead of the others. Only ACA/partners qualifies in Alberta.

So...to compare these satellites with Ashton is wishful thinking...though if any of them hit diamondiferous kimberlite you can make a fast triple on your money...at least. But most satellites will hit nothing because they have neither the know-how nor the money for this kind of exploration.
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