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

To: ddl who wrote (5290)	6/4/1998 10:50:00 AM
From: Famularo	Read Replies (1) \| Respond to of 7966

I think $100.00 is high but we won't know for sure for a while. What is you number carats per 100t.? K14 was 35carats per 100t on their previous results.

To: ddl who wrote (5290)	6/4/1998 12:00:00 PM
From: Famularo	Read Replies (1) \| Respond to of 7966

>>> Am I wrong in figuring that if the diamonds average $100.00 / ct and mining costs are about $15.00 / ton, then we only need 15c/100ton to break even and 30c/100t for a double? Is $100.00 / c too high? anyone. - denis<<< Actually I was referring to K91 but for K14 with larger samples. I was reminded by a friend that as for the predictions of grade people should realize that grade WILL increase with the size of the sample taken. Also remember that resorption (which ACA indicated is present) will definitely increase grade of the pipe as a larger and more representative sample is taken. I would look for at least a 20% jump in the previous grades that have been extrapolated from the pipes so far. The value of $100.00 per carat that you posted is not unreasonable nor is it high for K14! (not with such a high gem quality% as leaked out by Don Sheldon......70-75%) regards Frank