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Gold/Mining/Energy : Montello Resources
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To: JP who wrote (3859)12/23/1999 1:25:00 PM
From: Bob Basil  Read Replies (1) of 4256
 
Update from Raging Bull poster:

Talk to Thmas at IR

Here is what I got:

1) Oil and Gas - He is extremely upbeat about this. They expect 1Million+ barrels on property. Should be worth 0.80/share. Curently negotiating drilling. Expect drilling to start in January 2000

2) Net-Locate - AVL says to expect sales to start in January with product up and running. MEO says they won't be surprised if it is February. Either way, it is getting very close to market.

3) Investments.Ca - They have a business plan in place and feel that this could be good. We will here more in January.

4) Magnetic data - To early to comment, expect more in summer on this.

5) Diamonds - This one was like pulling teeth. Thomas did not want to talk about Manitoa. Yes, they together with Kennecott have been extremely active. Kennecott has pulled done the veil of silence. Nothing is to be said. things are extremely competitive. What I did find out was the the Kennecott labs are currently testing in this regard.

[--alessard]

----

And happy holidays everyone. -- Bob
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