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

To: paul centis who wrote (3542)	1/19/1998 6:55:00 PM
From: Gabriela Neri	Respond to of 7966

A keener eye existeth not.

To: paul centis who wrote (3542)	1/19/1998 7:02:00 PM
From: John Fairchild	Read Replies (1) \| Respond to of 7966

I am curious. How many pipes have been sampled in the NWTover how many years before finding those rich NWT pipes? From what I understand they are of the highest counts in the world. I think it is way to soon to judge the Albera play. After all they are just going into their second season. Opposing views are what makes the market. John

To: paul centis who wrote (3542)	1/19/1998 7:24:00 PM
From: John Fairchild	Read Replies (1) \| Respond to of 7966

I have to ask the question Paul. Are you thinking this whole Alberta Diamond thing is a paper play? Why would so many companies invest time and money if they did not think there was potential for an economic discovery? One thing for sure though, it is exciting and it is about to get more exciting as the area juniors come out with news of their own. It also has the markets attention and the market is a tough sell right now so I kind of think I'll hang around this area playground for a while as the first season of junior drilling unfolds. John

To: paul centis who wrote (3542)	1/19/1998 7:32:00 PM
From: Blue	Respond to of 7966

Paul, this is so true. The talk of mining costs, while not entirely irrelevant, misunderstands what is so special about diamond mining. The cost to mine a very rich deposit, no matter how expensive, almost doesn't matter...if you've got Jwaneng type grades you could be mining on the moon and it would still be economic. If, on the other hand, the diamond content is low grade, with hardly any big diamonds, and the pipes' size/shape/distribution of stones is such that with a huge mining operation you'd only be pulling $5,000 worth of stones out of the ground, then cheap mining costs mean zilch. You've gotta have a helluva good grade to start up one of these mines.

To: paul centis who wrote (3542)	1/19/1998 9:45:00 PM
From: Famularo	Read Replies (1) \| Respond to of 7966

Paul, thanks for your input. I also have been around diamond stocks for a long time and don't consider myself an expert. I get the impression that you and a few others are hurting from your MPV investments. I respect your opinion but I don't agree. I can tell you and Gabriela are MPV supporters as I am ACA supporter. I like to keep this thread to mostly Ashton issues, but I like to see a comparison on the exploration cycle on MPV versus ACA. Of course, please include the time MPV started its exploration until today, including all progress and compare it to Ashton's exploration cycle in Alberta and please include the time and money it has cost each company todate. These kind of discussions can be very interesting in the following SI thread Message 3206198, which was setup for all Canadian diamond exploration discussions. Let me also remind everybody that Ashton has decided to continue exploring in Alberta vs NWT, and if my memory serves me right, they have an inventory of kimberlites in NWT, Cross Lake rings a bell. Ashton believes that they have a better chance of success in Alberta versus NWT, keeping in mind $$$ required to explore to production. As well, we are dealing with a parent company who owns 62% and is is one of the biggest producers in the world. Every direction needs to be approved by the Australian company. My point is, they have excellent expertise and management. As I am sure you know, diamond exploration is a long term play and a market cap of approx $375million for Ashton is not outragious with the results to date. As well, many newsletter writers have endorsed this play and will continue to support it for a long period. In my views and many others, Alberta Diamond exploration stocks WILL outperform NWT exploration stocks in 1998. Time will tell. If a company proceeds to 1000+ ton bulk sampling in NWT or Alberta, is that a positive indication? Don't follow MPV very closely, what was the outcome of their 1000+ bulk sampling. Actually, I don't know if they have completed such an activity? Regards Frank