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

To: violetta martinez who wrote (5018)	5/6/1998 1:27:00 PM
From: Famularo	Read Replies (1) \| Respond to of 7966

This morning on the business report we were reminded that a $2,000 investment in Franco Nevada back in 1981 (IPO) would be worth a little over $1 million today! Food for thought. Regards Frank Famularo

To: violetta martinez who wrote (5018)	5/6/1998 2:02:00 PM
From: Jesse	Respond to of 7966

Violetta, ACA's total assessment for the entire 64 township block will be about $3,000,000. That amount will have to be spent before September, 1998. ACA has spent many multiples of that already. They can apply it all to the core group to preserve the block until, probably, the year 2005 or so, or at minimum (which they will certainly do) apply $3,000,000 to the core block, and apportion some of the excess to certain JV lands. Certainly, PUG will want to maximize this figure; as long as the lands are contiguous it will probably be permitted (the amicable AB gov't). BTW, there is no renewal fee involved, just the submission of assessment work and an assessment report. Regards, -j :>