ASHTON MINING OF CANADA (ACA) Message Board

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

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To: Jesse who wrote (4812)	4/14/1998 7:38:00 PM
From: David Reid	of 7966

Kaiser likes joint venture with Troymin Troymin Resources Ltd TYR Shares issued 21,789,177 Apr 13 close $0.92 Tue 14 Apr 98 In the News John Kaiser, writing in his Bottom Fish Tracker of April 9, likes Troymin Resources' news of a joint venture with DeBeers' Canadian subsidiary, Monopros. The Alberta diamond philosopher calls the deal significant because of the return of DeBeers to northern Alberta, thereby imparting a "credibility boost" to his favourite area play. Mr Kaiser says it is logical to view the Monopros deal from the positive view that DeBeers "wants to be part of the exploration process before Alberta's world-class potential is turned into a reality." He reminds his subscribers that Ashton Mining already has uncovered 23 kimberlites on its Buffalo Head property. Mr Kaiser also says the Monopros move "may help turn around the negative sentiment in the diamond community." As for shares of Troymin, which Mr Kaiser recommended at $0.60 for 1997 and $0.62 for 1998, the joint-venture move is "very positive". Mr Kaiser calculates that should Troymin reach $2 billion in value (up from the present implied value of $49 million), it would represent a 41:1 gain for shareholders. He declines to outright recommend Troymin as a buy, simply leaving his flock with the happy idea that the stock might go to $32. He owns shares. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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