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


To: Famularo who wrote (4551)3/23/1998 2:49:00 PM
From: JP  Read Replies (3) | Respond to of 7966
 
Frank -if these new pipes are South -South West of k14 they are on the same ridge that the others are found on (look on the troymin drift thickness map) - I think that the market is saying 'big deal - show me diamonds'. This attitude will prevail until something more 'commercial' is talked about. These results do start to help the other juniors since it makes it more likely that there are other pipes around. I would almost bet that these pipes were found in the first AEC pass but were not drilled. Ashton is just trying to keep the price up during this 'no real news' period by keeping a steady stream of anouncements. Don't get me wrong -this is good news- but I think it is just to keep our money on the hook in a fickle mining market. IMO JP.



To: Famularo who wrote (4551)3/23/1998 3:06:00 PM
From: DIAMOND JIM  Respond to of 7966
 
Clearly ACA is showing that all the "easy" pipes have not been found to date. The newest pipes are as K14 - suitable for open pit access, particularly K3. We probably won't see much comment from the letters and analysts until the counts next month. Will the price drift up or down? I have come to agree that shorting at this level is not likely to be a strong factor but we may linger here for the next few weeks Regards DJ