Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (317)	11/29/2002 12:32:50 PM
From: Famularo	Read Replies (1) \| Respond to of 16206

SEDAR BC Form 51-901F Diamonds North Resources Ltd DDN Shares issued 10,001,033 Nov 28 close $0.64 Fri 29 Nov 2002 SEDAR BC Form 51-901F This filing is available at: sedarfiles.stockwatch.com

To: VAUGHN who wrote (317)	12/2/2002 8:51:57 AM
From: Famularo	Read Replies (1) \| Respond to of 16206

Ashton Mining of Canada (ACA : TSX : C$1.30) - SPECULATIVE BUY – 12-month target price: N/A Graeme Currie Comment: Ashton releases mini-bulk sample results from Renard 4: estimated grade is 64.7 cpht Ashton and partner SOQUEM have released the mini-bulk sample results from Renard 4. An average grade of 64.7 cpht (0.64 carats per tonne) was reported – well above our threshold of 50 cpht. The four largest stones reported were 0.32, 0.29, 0.28 and 0.26 carats in size, with two of the stones defined as colourless. This exceeds our previously reported minimum stone size expectation of 0.25 carats in size. Further results are due in December from Renard 3 and 2. Exploration in Q1 and Q2/03 could include mini-bulk sampling of Renard 5 as well as larger samples from Renard 2, 3 and 4. In our view, Ashton remains among the best in terms of exploration (and results) leverage in the junior diamond exploration theatre. The company is well funded, with a pro forma estimate of working capital at $13 million for December 31, equal to about $0.25/share. The current market cap has discounted, beyond historical comparisons, the leverage that this junior offers to a potentially new diamond camp in Quebec. For risk accounts, Ashton is maintained as a SPECULATIVE BUY. We would emphasize that the risk/return leverage is high, although the time frame to the upcoming additional key results implies that near-term market volatility could be substantial.

To: VAUGHN who wrote (317)	12/2/2002 3:42:59 PM
From: Diamond Daze	Read Replies (2) \| Respond to of 16206

Thanks Vaughn, it is a strange and unproven business and you have a good point. Coarse diamond distribution can make one helluva difference. It is a crap shoot on each crateon if all are different from SA models. I have stock in a company where alluvials are found on the property in drainage areas. The last two published were 40 carats and 75 carats and pink. Holy moly how big would one have to take a sample to see if the pipe was economic ? I suppose we could see pipes that were economic by recovery of only two stones per 100 tonnes or less that people walked from because of SA models...interesting thanks...DD