ASHTON MINING OF CANADA (ACA) Message Board

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

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To: Michael Markham who wrote (7106)	1/20/1999 3:51:00 PM
From: mick	Read Replies (2) of 7966

What Do You Mean Commercial Diamonds ? Why do you think there are commercial diamonds ? The grading came back at 0.04 carat/tonne. Using a $ 100/carat, the rock works out to $ 4 /ton - not very economical to mine. I don't think its a question whether or not the pipes contain diamonds - most kimberlite pipes appear too. The question is if there is enough to be mined. Most kimberlite pipes (I think DeBeer says less than 1 in 60) are not economical to mine. I think its a fair buy at these prices.

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