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Gold/Mining/Energy : Montello Resources

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To: philip trigiani who wrote (1503)	2/9/1998 1:25:00 PM
From: philip trigiani	of 4256

Montello (MEO) montello.com MEO is on either their third or fourth hole right now, and should release some results from a grouping of drilling sometime in the next few weeks. There are other companies getting ready to start punching holes as well, so we may see interest return to the Alberta diamond players. MEO is purposely drilling the softest holes first to get them out of the way before spring thawing sets in. That means that the most difficult work is being done now. That seems to be showing in the stock price as the market seems a little worried about the ability of the company to do what they are attempting. However, they have a very aggressive program with a lot of people and resources being utilized. This should provide some ammunition for market speculation in the future, making MEO a stock worth watching.

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