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

To: Larry Meneely who wrote (4954)	5/1/1998 2:41:00 AM
From: Larry Meneely	Respond to of 7966

More AGM conversations: Three basic clusters now: K14 / K91 etc, are in the north and have the best results. The recent K3 and K95 are due south of K14 and are part of the K1, K2 cluster that had poor results. K6 and K7 are in between and showed some diamonds including the .76 fancy yellow. The third cluster is due east of K14 and includes K11 and possibly k10, k32, k92, k93. We will get results on these in about three weeks. I think the criticism from South Africa re: rock chemistry really spooked analysts. If you were on the team that said 'buy Bre-x' and heard about this criticism, how would you react? I think the market said it all today. I am very impressed that this next development phase is best for Ashton. They need to cover 28 million acres in 18 months in order to define the property they will keep. With DeBeers in the background they can't afford to make a mistake now and drop valuable property for DeBeers to pick up. Just my opinion. Larry.