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Gold/Mining/Energy : Montello Resources
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To: JP who wrote (1641)2/23/1998 7:00:00 AM
From: Bob Fairchild  Read Replies (1) of 4256
 
J.P. I never said anything about Montello's share price skyrocketing if they hit kimberlite. To do that their has to be evidence of diamonds in the core. I have played this stock for three years now and have made lots of money to date on it. If the share price were to go to zero tomorrow with my sizeable position I would still come out ahead overall ! I am under no illusion with this company. The discovery of an economic deposit does not even enter into my investment decisions at the moment, it is way too premature to even contemplate. I do expect they will hit kimberlite which will push this stock over the $1.00 range. Not skyrocket mind you, but payback a respectable return. If they fail to hit kimberlite, it will not be the end as this play will continue for another year at least ! To get a feel for the share price is a matter of going back a year and seeing how Ashton faired during the respective stages of its discovery.
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