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

To: Just Wayne who wrote (5293)	6/4/1998 11:03:00 AM
From: Famularo	Read Replies (1) \| Respond to of 7966

OK, you're in at 33carats per 100t. Remember, with this number you are calling for lower numbers than K14. I agree with your point re the size/gem quality.

To: Just Wayne who wrote (5293)	6/4/1998 11:53:00 AM
From: Famularo	Read Replies (1) \| Respond to of 7966

Let see if I can give you all my opinion on assessing how the market is likely to respond to mini-bulk sample results on K91. All we have to remember is that anything over 100 carats per 100 tonnes(100 cpht) is VERY HIGH AND EXTREMELY RARE. Anything approaching that grade, over 75 cpht will have a 'substantial' positive effect on the Ashton stock. Any grade results in excess of 45 cpht will move the market upward. The latest Ashton K14 mini bulk sample produced a grade of 36 cpht and Ashton felt it warranted 450t sampling. Point is that Ashton would not proceed to 450t if they felt it did not have potential for a mine, keeping in mind the low production costs in Alberta.