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Gold/Mining/Energy : Montello Resources

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To: G.T. who wrote (2838)	11/13/1998 7:22:00 AM
From: FRANK KENDRICK	of 4256

Hi G.T., <<Not one economic pipe found in Alberta yet !!! 40 carats per 100 tonnes is not economic so you can have ACA. Diamond companies in the territories with drill probable billion dollar deposits are currently trading for only 4 to 5 times above the Alberta moose pasture stocks.>> Remember that you must begin somewhere. I disagree about whether 40 cpht in Alberta is economic. It could very easily be in my opinion. It depends on size and quality. I do have ACA. The fact the diamonds are found in Alberta will bring Alberta money into this play. It is my understanding it is a rich province. Promotion and perception are very important parts of a company's share price. It is what someone is willing to pay that makes the price. Costs to produce the diamonds is a very big factor as well. I think the ADP beats the NWT hands down in that aspect. Good look in your investing. See you in the Bahamas!!! Frank K

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