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Gold/Mining/Energy : Montello Resources
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To: Just Wayne who wrote (1284)1/5/1998 9:25:00 PM
From: Chris  Read Replies (1) of 4256
 
Thanks for replies. Wayne feels 1.25 is about right for kimberlite only news whereas Zarman and Dempster feel that such news could take us to 2.00.

MEO prices might not parallel Ashton's for similar results. I hold both. They have different ownership structures, joint ventures, track records, shares out, etc., and this is a different time in the market. There are so many variables. We'll see soon enough.

My view is closer to Wayne's - what has changed? However, David, I won't sell yet and I won't sell all. Just trying to get a feel as to what the near-term peak may be to help set a price at which to flip. After a year and a half, Montello should make some money for me.

Montello held today at .82 down a little from Friday's .85, but still pleasing. I will wait until we hear that drilling has started and then see about selling some. Buy on rumour, sell on news?
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