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


To: Jesse who wrote (5242)5/28/1998 9:58:00 AM
From: ddl  Read Replies (1) | Respond to of 7966
 
Hi Jesse... In your opinion, is reverse circulation drilling as effective as diamond drilling when it comes to pulling out these stones. Seems we had a discuss on this and the consensus was that better results are achieved by diamond drilling. Did Auston not say at the AGM that reverse circulation is cheaper and used as an indicator with diamond drill to follow if it's warranted?
Great results IMO and this opens up a whole new area. We now double our chances of a mine. - denis



To: Jesse who wrote (5242)5/28/1998 12:24:00 PM
From: Blue  Read Replies (1) | Respond to of 7966
 
Jesse, I think you summed it up well. The release is hitting a bad market. This makes the news look bad to anyone who thinks the stock price is indicative. What needs to happen (in all of these plays) is for someone (insiders or the public or both, I don't care) to buy the stock! Then everyone will say what a great play it is, the stock is heading up!

I also think that the market is waiting for bigger stones and more conclusive samples. If they release good results from their larger samples then these smaller sample results in the new cluster might start to get talked up again

The number of kimberlite pipes they're finding is great. Until the market is confident that any of them have the goods, the high number of kimberlites then becomes more meaningful. Until then...it's wait and see.

Of course, it could all turn into nothing. After all when was the last time you saw a woman wearing a 1mm X 1mm X 0.8 mm stone?

Frankly if I were a US citizen I would buy some ACA and MPV today, just look at the exchange rate! And easier than driving to the West Edmonton Mall for bargains :)