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Gold/Mining/Energy : Montello Resources

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To: Famularo who wrote (2272)	7/30/1998 5:43:00 PM
From: JP	of 4256

For the record- in MEO's release - the line about 'Proposed option agreement.....' was added by Frank F. -not the company. I guess this has been causing some confusion or doubts of the foundations that this deal sits upon. Basically the letter of intent is a legal deal. It just means that the 3 inches of paper that yet needs to be generated by the legal profession will not be signed for a while but the real meat is in the 'Letter of Intent'. Plus with Kaisers implication in his BF (BS?)report that the Montello management is too daft to get the real deal written up correctly -I am sure that it will be scrutinized to the nth degree. This is what Frank posted---- <<Montello Resources Ltd - Proposed option agreement on Legend block with Kennecott Montello Resources Ltd MEO Shares issued 35,719,337 1998-07-24 close $0.39 Monday Jul 27 1998 Also Redwood Resources Inc (RDW) Mr. Patrick Power of Montello Resources reports..... blah blah blah>>

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