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

To: Chas. who wrote (2850)	11/12/1997 5:58:00 PM
From: Jesse	Read Replies (1) \| Respond to of 7966

Hi Chuck, I agree the results are somewhat nebulous. I am not sure if this information was presented this way for intentional confusion, or what. And released on Remembrance/Veteran's Day, to boot. I am assuming it was ACA's intent to 'progress' beyond the micro & macro count to the carat/tonne count. However, we still need a stone count to grasp the sample. Further, Ashton has said that the 19 tonnes of surface pit samples are inconclusive, and that only the RC holes are representative of the region. This means we are only dealing with about 8 tonnes of sample, from 7 holes (size? ... 2.5" ?), up to 90m in depth, across 150m (25m apart). This is a 'mini'bulk sample. We also don't have much info as to the clarity of the larger stones (though they were described as whole, and 'many' as colourless). We really can't assume anything here, although I know what my imagination would like to do! ;) Another element here that hasn't really been commented on is the 0.8mm cutoff. Granted later in pipe assessment larger screen-sizes are used, at this stage it may have skewed the results (it can lend a hand in filtering out non-commercial stones). Had a 0.5mm limit been accorded, we could have seen much greater #'s, given the RC drill's tendency to crush stones.... I guess what's for sure here is that we cannot deduce a lot from this report, except for solid encouragement towards a commercial mine! We must also always bear in mind that Ashton is a very conservative organization, and that they will always comment on the cautious and under-estimating side of things. Can others please comment further on this? Attacks (gentle)? Phoenix? Anyone? TIA, Jess :>

To: Chas. who wrote (2850)	11/12/1997 6:00:00 PM
From: Jeremy_R	Respond to of 7966

Hi All. I'm not trying to be a pessimist or to downplay the significance of the last results, as I am in this for the long haul. I would like to bring to everyone's attention, however, that the state of the markets in the past have NOT dictated the movement of ACA/PUG when news has been released. Basically, my point is that I believe these stocks will not jump until AT LEAST the next set of results from K14C. Even at that point, most analysts will probably still perceive the figures from mini-bulk as a "good sign" but not significant enough. IMO, based on the market's reaction to this news, we need some larger sample results to really get these stocks moving. I may eat my own words in a few weeks when the K14C results come out, and I hope I do! Just my 2 cents worth, Jeremy Good Luck to All.