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


To: Famularo who wrote (3110)12/4/1997 10:39:00 PM
From: Chas.  Read Replies (1) | Respond to of 7966
 
Frank......... I don't believe any official statement has been made regards doing a 1000 Ton Bulk sample, I think that at this point it is a lot of very wishful thinking...............If average or better results come on the K14c samples then Ashton would probably announce their intention of going into the 3rd phase of sampling (1000 ton bulk) (money they have) and would look for a minimum of 300 carats from this sample.....they would also have "value per carat"estimation performed on this sample. This would be a very significant step towards proving the economics of a ore body. This is pretty common knowledge for most followers of the diamond stocks and I'm only posting now because you just asked. To me the best time is from Stage 1 to stage 3 because this is the area where most of the stock runs occurr(due to NR, advisors, speculation, etc, etc) This is where Alfie and I make or lose our hard earned wads, and we want to make a lot of money so that when we meet in Nassau this coming April or May we can have a whole lot of heavy duty fun. Can you tell that we're just a couple of "wild and craaaazzzy guys" Buy for now ....Chuck



To: Famularo who wrote (3110)12/5/1997 12:22:00 PM
From: ddl  Read Replies (1) | Respond to of 7966
 
You're right about the market, everyone is shell shocked, stunned. It will take something spectaculor IMO to move Ashton multiples.
This average .33c/t says there is smoke, but to get a mine we need something over 1c/t or value of $50.00 / ton IMO. When does Ashton deicde to give out the values of the diamonds to date?
- best to y'all - denis