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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (7783)	12/17/2001 4:13:50 PM
From: Chris	Respond to of 7966

On target to close near it's new 52-week high. Still not the '98 pop to 8.05, but it's headed in the right direction.

To: Chris who wrote (7783)	12/17/2001 6:31:31 PM
From: Famularo	Respond to of 7966

Chris, you post some good questions and interesting observations. I don't know for sure re Ashton 2002 Quebec plans. My guess is Ashton will update the market in January with the 2002 exploration plans. My thoughts are Ashton has more work they can handle. Prioritization will be a common discussion within the executive group. This reaction today is only based on Quebec's potential. Nunavut 1 ton results scheduled for late Jan, will have more fuel to guide Ashton to what direction they are heading. Ashton's management decision will become more important as they are heading into their 9th year. Do they poke at Quebec, and slow down Alberta? Do they poke away at another 10 or so anomolies within the Coronation play? Speaking of Alberta, it is obvious K252 is a powerful mine, however the tonnage is weak. If they revisit others, such as K14C, K91, K6 and arrive at a decent number. We may see further focus on Alberta. The fortunate thing with Ashton shareholders is the diversification. Any area can blast off. The key is wait and see where management budgets for each area. Chris, sign up on stockhouse, I will activate u.....frank

To: Chris who wrote (7783)	12/17/2001 7:46:59 PM
From: Valuepro	Respond to of 7966

Chris, you ask good questions for a novice in this area, and you correctly point out that "a very tiny shard" could be in the mix. This is where Mountain Province fell down in their early reporting some years ago. Most of the diamonds in their counts turned out to be fragments, meaning that the source rock hosted poor quality stones. It's also true that this sample is too small to mean much other than additional work should be done. Obviously these sizes are meaningless for commercial application, but may support the potential for larger stone being found. It would also be nice to have some report on the color, shape and quality of these macro's. I note that it has become somewhat of a tradition in Canada now to omit what would otherwise be more thorough press releases on lab analysis. Helpful to know in addition to count is the general shape of the stones, ratio of fragments if any, color, clarity, and ratio of gem quality to worthless or industrial grade. When all these elements are exciting, only then does the fully story seem to get out - as in Aber, Winspear, and DiaMet -, but keep these points in mind as you read future press releases. Here's an old rule of thumb that was posted on this thread back in October of '97. It applies to much larger samples that in today's PR, but it is a helpful general guide for counts, at least. - Under 5 macros per 10kg, probably not economic. - Between 5 to 10 macros per 10kg, very good. - Over 10 macros per 10 kg, outstanding. Hope these few bits are useful. VP