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 (4592)	3/26/1998 12:31:00 AM
From: Joe Sing	Read Replies (3) of 7966

Everyone, forgot to mention that First Marathon recommended ACA in its whopping 60 page report, "The Diamond Industry: Canada's Emerging Role" The authors are John Lydall and Kerry Smith (Toronto), and the report is dated 3 March 1998 "Ashton Canada has no need for immediate financing. The company has approximately $18.5 million in cash and its burn rate is approximately $650,000 per month. Ashton Mining of Canada is a classic a volatile exploration play. The company has a huge land position, strong technical expertise and financial staying power, and appears capable of generating considerable positive exploration news over the next 12 months." Other companies included in the report include: ABZ BWD CNB DMM DGM DMW HMD LTL MSC MPV NMR RXD SUF THI TMI

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