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

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To: DIAMOND JIM who wrote (6092)8/24/1998 5:21:00 PM
From: Famularo  Read Replies (3) of 7966
 
>>>The market believes we are at square one and we may have to wait for a whole new exploration cycle if the K14 issue is not dealt with this year.<<<<
Agree, although I have strong indications that Ashton will deal with K14 this year.

DJ, lets assume we get a grade of .50 carat per ton. This would work out to approx. 225 carats. Personally, I think anything over 200 carats should be enough to give us an indication of grade and a more realistic size distribution. Assuming a grade of 50% or higher and keeping in mind the infrastructure should make it an interesting play. What you think?

regards
Frank
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