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Gold/Mining/Energy : Montello Resources
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To: JP who wrote (2836)11/12/1998 6:07:00 PM
From: FRANK KENDRICK  Read Replies (2) of 4256
 
Hi gang,

Thanks for keeping everyone up-to-date on the news.

My opinion is like many of you: this is great for the long term. I am a little surprised that the stock price dropped. I think as others have pointed out the small amount of diamonds in the pipe affected some people. Think what this would have been like a couple of years ago!!!

Here's my rambling:

Think about the targets to be found and analyzed on the Legend property. Think about the fact the field is in an area that has proven diamonds exist. Think about the fact these people now seem to have the magic to find KIMBERLITE. Think about the large properties to be explored. Think about the re-evaluation of the data on the JAZZ PROPERTY and what could result from that. Think about the companies in the area and how they are doing or maybe will be doing. Think about where the diamonds have been found and the cost to mine diamonds. THINK ABOUT THE $30 MILLION JV WITH KENNECOTT!!!! Think about the fact this is a separate cluster of pipes. Think about what is happening in Alberta in terms of diamonds being found. Think about who has the best land positions and been around in Alberta for the longest time!!!! Think about what percentages each company has on the lands of the pipes. Think about CALLING LAKE AREA!!!! Think about what may happen if ACA has between 35 to 50 cpht in K14...not considering K11 analysis down the road.

It seems to me that diamonds ARE just about everywhere in ALBERTA!!!!
We know of gem quality stones, colored stones, and macros having been found. What do you think the chances are of some of these pipes being economic????? I am betting pretty good...starting with ACA.

See ya'll in the Bahamas!!!

Frank K
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