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

To: DIAMOND JIM who wrote (4289)	3/7/1998 3:56:00 PM
From: John Fairchild	Read Replies (3) \| Respond to of 7966

Guys, when you really stop and think about it the bottom line is they continue to have incredible success. Every time they hit new pipes that's one more potential mine. The odds makers have got to be rationalizing this and the shorts have got to be getting worried. I don't know how to spin it any other way. If K14 and K91 turn out to have the grades this thing is going to absolutely explode. We are always trying to project a companies value. In doing so we come up with projections based on a number of scenarios. Lets be outrageous and say that over the next couple years they hit 100 pipes. That in itself is not outrageous as it is fairly obvious that the company is accelerating its program. Now humor me. Lets pretend they come up with economic counts on 5 of these big pipes. Anyone want to take a stab at what the market value would be? I have a figure but I think I have done enough dreaming. Another question I am wondering about. Can any one tell me if any other company has had this kind of success rate at hitting pipes. PS check out LEX and PAS charts they just struck out on their initial drilling attempts in Greenland. On the last ACA NR we saw a slow momentum build as everyone was waiting to check for the sell off which had become the typical pattern. It did not happen and the stock had a little run. This time I think people may just decide it's time to get aboard before the big moves happen. I don't think any one had expectations for K5 so the market should be neutral on this. Delays in K14 bulk sample, well too bad but it's still on the way. K91 could be the next big ticket results. But regardless we will continue to see news, news and more news of assay results. Very little doubt in my mind that Ashton is heading north with less and less volatility as belief in this play intensifies. John