ASHTON MINING OF CANADA (ACA) Message Board

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

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To: ddl who wrote (5290)	6/4/1998 12:00:00 PM
From: Famularo	Read Replies (1) of 7966

>>> Am I wrong in figuring that if the diamonds average $100.00 / ct and mining costs are about $15.00 / ton, then we only need 15c/100ton to break even and 30c/100t for a double? Is $100.00 / c too high? anyone. - denis<<< Actually I was referring to K91 but for K14 with larger samples. I was reminded by a friend that as for the predictions of grade people should realize that grade WILL increase with the size of the sample taken. Also remember that resorption (which ACA indicated is present) will definitely increase grade of the pipe as a larger and more representative sample is taken. I would look for at least a 20% jump in the previous grades that have been extrapolated from the pipes so far. The value of $100.00 per carat that you posted is not unreasonable nor is it high for K14! (not with such a high gem quality% as leaked out by Don Sheldon......70-75%) regards Frank

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