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


To: JKNF who wrote (2868)11/17/1997 5:11:00 PM
From: Famularo  Read Replies (3) | Respond to of 7966
 
It is so important for Ashton's next set of bulk sampling results to be much better than last weeks. You, I, and a few analysts like the last weeks bulk sampling results. However, the overall market did not seem to believe that Ashton has increased its odds for a commercial mine. The market capitalization on Ashton is low compare to Diamet's value back in early 90's during the same cycle of results.

As Ashton is the leader in Alberta, all eyes are on it. All Alberta diamond stocks will only go up on hype this year if Ashton/Pure Gold report real good results. In addition to Pure Gold, I like New Claymore, Troymin and Montello, in that order to do well upon release of strong diamond counts. They seem to be the next group of companies to find kimberlites. Keep in mind that no other companies with the exception of Ashton/Pure Gold/AEC has yet to report a kimberlite which puts them approx. one year behind Ashton. As well, I don't think their results will come in as fast as Ashton.