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Gold/Mining/Energy : Montello Resources

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To: Craig Spencer who wrote (2072)	4/3/1998 12:25:00 PM
From: Simon Lyonns	of 4256

As you suggest, this is a tough business. And any penny stock typically encounters bumps and switchback turns on the road to success. If this wasn't the case, such stocks wouldn't be so cheap. In Montello's case however, the company has plenty of money in its treasury and is constantly refining its approach to interpreting its drill targets (particularly with the aid of newly acquired seismic profiles of many of the Jazz property's key anomalies). Thus, MEO has plenty of opportunity yet to strike paydirt. And with spring break-up likely to last only two to three weeks, MEO can be relied upon to get back at it sooner rather than later. And if the company has to drill its properties like Swiss cheese to get positive results, it will. After all, don't forget that MEO has been at the forefront of the Alberta diamond play for over five years now. Management has plenty of stamina and a firm resolve to accept nothing but success. So, don't lose heart. It's early days yet. And it's hard to believe that at the end of the day Ashton will be able to lay claim to every kimberlite pipe in such a huge and fertile cratonic land mass. Keep the faith. Simon

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