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

To: Jesse who wrote (3973)	2/20/1998 4:26:00 PM
From: violetta martinez	Respond to of 7966

Jesse...that report was wonderful!!Thanks for sharing that information with us . It makes all these plays more encouraging. We are on the right track for finding pipes for sure. Interesting about the erosion of only the softer kimberlite material causing depressions then lakes, were the diamondiferous pipes where later found. I suppose this is also the source of the alleuvial diamonds too. Thanks again for posting that little message<g>. Cheers, Violetta

To: Jesse who wrote (3973)	2/21/1998 12:23:00 PM
From: smokey w.	Read Replies (1) \| Respond to of 7966

Echos Jesse, Apex Geoscience Report is ADP confirmation. Many Thanks Good Fortune to all...Smokey W.

To: Jesse who wrote (3973)	2/21/1998 12:43:00 PM
From: Bigwave	Respond to of 7966

Hey all: What is everyone's take on Micrex Devlopment(mix:al)? The company has the same/risk reward characteristics as Ashton, and the company is going to begin exploration in only ten days. This stock is very undervalued. I would greatly appreciate any views on the company. Thanks in advance for your response.

To: Jesse who wrote (3973)	2/23/1998 9:21:00 AM
From: Jackleg	Read Replies (1) \| Respond to of 7966

Interesting report...but I think they skimmed over one point that is significant: "Interestingly, one difference between the topographic expression of kimberlites in the Lac de Gras region, N.W.T, and Alberta, is that ... the Lac de Gras kimberlites typically occur beneath lakes or in similar, covered depressions." My friend, who is a mining engineer, tells me that this is the most highly significant statement in this report. He reminded me its not enough just to have diamonds (or gold, silver, copper, etc) in the ground. For it to have a net value, the cost of extracting it must be less than the potential revenue. The cost of mining diamonds at 'Buffalo Hills', which will be an 'Open Pit' type of operation, is about 10% of the cost of mining with underground methods in NWT. Naturally the processing, and support costs are the same. So lets say the combined production cost is 1/3 of that at NWT. Intuitively, this means that the grade can be 1/3 of that found in NWT as well, to generate similar profits. This is without all the other, cost side, factors such as existing infrastructure, climate, access, etc. All together, the cost side is as exciting as the revenue side (grade, tonnes, diamond quality).