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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
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To: Sailfish who wrote (99)2/5/1997 9:11:00 AM
From: Jimsy   of 7966
 
5 out of 5 holes straight down the trunk of the pipe it would seem. Its likely been a long time since any diamond exploration company achieved this kind of success so early in a program.

I think one indication is that if the geophysics finds a target, the drill will likely find it too - if the signatures all look the same, maybe this is a BIG kimberlite pipe field. Now if we have a 100 or so targets, this is statistically looking interesting in comparison to the probability of finding something economic.

Hope Ashton brings some kimberlite to the PDAC in Toronto next month.

The other point here is that with Ashton reviewing thier exploration budgets already, it does't look like they are going home soon.

And if we continue to get a promising results, there really will only be about 4-5M free float shares out there. From the trading pattern yesterday on my live market feed to Tradestation, it appears that there are many already putting some of these float shares away for safe-keeping!!
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