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

To: Al who wrote (3033)	12/2/1997 7:51:00 AM
From: Famularo	Read Replies (2) \| Respond to of 7966

>>> Ashton has maintained in the $5 level even though it didn't meet expectation in the previous news release. I was wondering why that is so. <<< Al, it seems to me that most people expect exploration speculative companies to go from a quick sampling to a mine. That will not happen. At $5.00 a share, Ashton's market capitalization for a potential mine is still cheap in my books. >>> The releases previously indicated a large amount of macros and broken stones,however the sampling results we got from the previous results didn't match with those. <<<< Al, that was a different hole. Results on K14C are not out yet. Al, all exploration mining equities are speculative. As exploration companies move forward in their development cycle, the risk for failure is reduced. If this play pans out to become a world class mine, it will be trading at MUCH higher numbers. Every stock is a risk but the rewards are higher if you buy early on.