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

To: Famularo who wrote (2952)	11/26/1997 12:11:00 PM
From: Valuepro	Read Replies (2) \| Respond to of 7966

Frank, I'm hopeful of a good report, but am in no position to guesstimate grade. What we also seem to be missing is a valuation of stones recovered to date. Maybe ACA is waiting for a larger sample before seeking valuations. .36 c/t could make a mine if the valuations are good. If the valuations are low, like Aber's, we certainly will need a much higher grade than that. Further, we need to understand the phases in this feature and whether the portions with high grades also offer large tonnage. The next lab report may open more questions than it provides answers, but I hope not. If you're asking me to guess the market reaction to an announcement proposing a 1,000 tonne bulk sample... Well, I think market enthusiasm for this play has already discounted that as a likely event. Look how well ACA's price is holding while all else in this sector is going in the tank (i.e., SUF down nearly 33% from it's recent high). ValuePro