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

To: James Chorney who wrote (3001)	11/30/1997 12:41:00 AM
From: Famularo	Respond to of 7966

>>> also i would like to mention your post 2975 paraghaph 1&2 should it be tons or lbs . <<< Hello James, Tons is correct. Again this is pure speculation on my part. Ashton needs to proceed to 1000+ ton sampling to keep this play exciting. Still lots of work to be done. As we move towards in the project life cycle, share price should increase.

To: James Chorney who wrote (3001)	11/30/1997 12:43:00 AM
From: Famularo	Respond to of 7966

James, fyi... Merger, consolidation and capitalization Pure Gold Minerals Inc PUG Shares issued 24,870,966 Nov 20 close $1.16 Fri 21 Nov 97 News Release Mr Donald Sheldon reports The recent amalgamation with Cayo Resources resulted in approximately 120,000,000 shares outstanding in Pure Gold Resources. Pure Gold Resources was then consolidated on a 5:1 basis, resulting in 24,870,966 shares issued and outstanding in the amalgamated and the consolidated company named Pure Gold Minerals. Prior to the merger and consolidation, Pure Gold Resources was trading at $0.30 (equivalent to a $1.50 post consolidation value) with a capitalization value of $36,000,000 (120,000,000 shares X $0.30). Following the merger/consolidation, the company is trading at a capitalization of $29,000,000 ($1.20 X 24,870,966). CAPITALIZATION COMPARISON Ashton Mining Pure Gold of Canada Minerals Issued and outstanding 26,242,516 24,870,966 Share price $5.40 $1.20 Market capital- ization $141,709,580 $29,845,159 Interest in property 42.5% 15% Reflected value per percent interest in property $3,334,343 $1,989,677 Ashton's reflected value per percentage interest is $3,334,343, whereas Pure Gold Minerals reflected value per percentage interest in the same property is $1,989,677. Pure Gold Minerals participates with Ashton Mining of Canada and Alberta Energy Company in this highly prospective diamond property on the Peace River Arch, but also is independently exploring southern Alberta and southwestern Saskatchewan. The market is placing a negative value on this activity. This interpretation is provided for our shareholders information and to clarify Pure Gold Minerals interest as part of the joint venture. The Financial Post published Friday, November 21 erroneously reported that the stock increased $0.88 when in fact this did not reflect the consolidation.

To: James Chorney who wrote (3001)	11/30/1997 1:04:00 AM
From: Famularo	Read Replies (1) \| Respond to of 7966

Picked this up from the Aber thread. Yorkton Buy report on Diamond Stocks: The Seasonality Factor by John Hainey 1. In the past we have documented the consistent share price correlation of diamond cos with the drilling season in NWT, which occurs btwn Jan and May. Prices of the cos have consistently risen during this period each yr since 93 generally related to the flow of news and anticipation of results. 2. We have monitored a group of 6 prominent players over the 4 winter seasons from 93 to 96. As a group, assuming equal weights, they gave the following returns in the dec1 to april 15 period. 1993 +97% 1994 +33% 1995 +213% 1996 +82% Avg Return +106% 3. The pattern was broadly repeated in 97: DiaMEt +19% Aber +51% S.Era +23% mt Prov + 26% Lytton +18% Winspear +62% Average +33% 4. All of these cos will be very active in the coming season and we believe the pattern will continue. The pattern also applies to several of the other exploration co which will be active this winter. These include Ashton, Pure Gold, Gerle, Montello, New Claymore, Kalahare. 5. We recommend investors position themselves now with a basket of stocks to spread the risk. Experience has shown that the shares can fluctuate considerably during the winter drilling season and trading profits should be taken when available.