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Gold/Mining/Energy : Montello Resources

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To: JP who wrote (3141)	4/16/1999 3:54:00 PM
From: JP	of 4256

Just chatted with the company. this deal is pretty good news. I guess Kennecott recognizes that in todays market there is not a lot of cash rich companies. Kennecott normally lets the juniors take the risk and then jumps in when it is closer to a sure thing. Since the juniors can not afford to risk their cash to the same degree as before -Kennecott is basically jumping up to the front line to assist the juniors by taking 60 % of the front end risk. They chose MEO for their initial partner in this new way of business. When you think about it this is a great deal for MEO. They get 40% of the play without having to pay for more than 40% of the front end work. Check on the Birch Mountain thread for a release concerning a new process for gold removal from NE Alberta properties. JP

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