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Gold/Mining/Energy : Montello Resources

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To: Jesse who wrote (1682)	2/26/1998 10:32:00 AM
From: Famularo	Read Replies (1) of 4256

Jesse, I agree exactly with what you said. If you recall, months ago, I mentioned that other juniors are going to struggle and it will take time if they wanna a bigger stake. I mentioed it before and I will say it again. There will a few juniors that will be knocking on Ashton or/and Pure Gold's door for a possible JV. Personally, I think they should, otherwise they'll waste money and keep issuing new paper to create cash flow. MEO is having problems. IMO and others I talked to, they are not drilling the best targets. Too much overburden. They can't hit kimberlite if they can't hit bedrock. They should be looking at their NW property which from what I heard has very little overburden. All these folks in Alberta think all they need to do his position a drill bit in the ground and BINGO we have a kimberlite. False! It is more than that and that is where Ashton has the expertise and experience. I still have lots of confidence that Montello will intersect but it won't be as quickly as Ashton. I still maintain a small position on Montello but my focus continues to be ACA/PUG.

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