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Gold/Mining/Energy : Montello Resources
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To: hurricane who wrote (1282)1/5/1998 6:45:00 PM
From: Chris  Read Replies (3) of 4256
 
I wonder whether the market has not already priced kimberlite into the share price. That is, hitting kimberlite when drilling the large anomaly would confirm what the market believes to be there. Price would rise a little upon news release and then settle into the .80 range. Learning that the kimberlites were in the diamond stability field (the right garnets) or, better, that they were diamondiferous would take us to a new price plateau.

Part of me hopes that you are right. However, I've held Montello since 08/96 when I bought at a peak, and have lived through 3 subsequent cycles. Remember Hinton.

What do others think? What is a realisitc price estimate if Montello confirms that the large anomaly close to Ashton property is indeed kimberlite?
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