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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Sudhir Khanna who wrote (4961)5/1/1998 12:41:00 PM
From: Famularo  Read Replies (2) of 7966
 
I love this play! The upside potential is enormous, yet the past three days have provided many opportunities for interested speculators/investors to accumulate positions in the leaders of the ADP at prices lower than I, being a very close observer expected. It is unfortunate on how the market likes to react to different NR's but people are not seeing the potential of this play.
The Ashton results to date indicate that the Buffalo Hills area of Alberta is capable of producing commercial grade diamonds. There is no proof that any of the stones recovered to date are of gem quality, but Don Sheldon did indicate the quality of the 7 carats recovered from K14. Of course the quanity is small to stake victory and there is no proof that the quanity is capable to make them commercial to mine, we are just early in this play. That is why I and a few others who follow this play closely believe there is still a chance for many to get in at reasonable prices.

Regards
Frank Famularo
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