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Gold/Mining/Energy : Montello Resources
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To: J.C. who wrote (2796)11/6/1998 5:18:00 PM
From: JP  Read Replies (1) of 4256
 
Well MEO says that they are not going to release info in the future on a hole by hole basis simply because it is too hard on the share price. Last week was a good example. The info will still come on a timely basis but you will not be able to make the assumptions that a hole is good or bad because of the lack of a release. This makes sense to me because I hate to see the stock lose ground on guesses. We have to keep in mind that the management of Montello has the same goal as we do -and that is to see the stock price climb -not bounce.

No word yet from Thunder Bay. We have to keep in mind what it is we are waiting for - we are not really looking for high counts or high quality diamonds (although that would be nice) What we really, really want is for at least one diamond to be found in the Pheonix pipe sample. This will tell the world that MEO not only has several dozen pipes, they are diamondiferous pipes. At that point it is just a case of finding the right pipe for a commercial mine.
Lots of diamonds would be nice but the odds of it on the first hole with a 2.5 inch diameter sample from a 400 meter wide pipe is not great. All we want is one diamond! (sound familiar LOL) JP

PS -The rumour that MEO has heard is that K14 results are looking very good.
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