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

To: Famularo who wrote (5062)	5/8/1998 12:17:00 PM
From: ddl	Read Replies (1) \| Respond to of 7966

Frank and others, did you guys watch that documentary on ch 17 last night about precious stones. Good view and should replay during daytime over the next few weeks so check the schedules. They showed DeBeers and how they control the market. also showed their main "house" and ya shoulda seen the piles and piles and piles of diamonds they showed us.... buckets of em...wow... and also interesting was that there was a special "pink" fancy which was very rare and the only one at that buying time... they sell 10 times a year and guess what... on diamonds under 10.4 cts, there is NO dicking with the price..., those over are open for negotiations and at this time they only showed one fancy!! They also showed Ashton's Carlin mine which is now the largest diamond producer in the world... and they sell to DeBeers, but it was mentioned that Ashton would like to break away from the cartel... I gues that's why they are hot and heavy in AB. - denis

To: Famularo who wrote (5062)	5/8/1998 12:28:00 PM
From: Jesse	Respond to of 7966

Frank, speaking of earn-ins, PUG needs to proffer 15% of the current project costs. My question to you is, Who is officially to own the new Red Earth 10tph DMS plant? I am a lil embarrassed to ask as I should know this, but the thought just occurred to me. Since the plant will cost $2-$4mil, is this to be shared according to interest (ACA/AEC/PUG), and thus co-owned, or is the plant perhaps going to be owned by only 1 or 2 of the JV participants? I know it was factored in as part of the forecast $10-$12million project budget for 1998. It thus seems as though the plant has been planned for co-ownership, ie, as an elemental cost in the project. Do you know this to be true? Regards, -j :>