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

To: Michael Markham who wrote (3828)	2/9/1998 1:20:00 PM
From: Jesse	Read Replies (1) \| Respond to of 7966

Hi Mike- I said micros, not macros. My point is that current shareprice is often calculated on a comparison basis, by analysts. This means they refer to other, previous discoveries' results at this stage and compare. But most others at this stage of explor'n would have used a .5mm cutoff, rather than a .8mm. Using a larger cutoff means that smaller stones will fall thru the holes in the pre-specified sieve, or screen. The holes in the screen are .8mm in dimension, here in at least 2 directions (I'm assuming), or sides. Any stone that isn't at least this large will fall thru, and not be included in the reported carat/tonne calculation. So, market assigned shareprice can be undervalued as a result. Also, those smaller stones may be representative of a richer deposit. You're right that this will not matter in the long run, since Ashton themselves are aware of the significance, and are going after the pipes. Current public perception is what may be misled, short-term. Hope this helps. Ciao for now, -j :>