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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: Steve Johnston who wrote (4002)	1/26/2000 9:54:00 PM
From: Martin Wormser	Read Replies (2) \| Respond to of 4256

Steve, There have been plenty of companies who have diversified and ones that have re-invented themselves into something else. Rockwell is one I can think of and there are many more. Rockwell used to be into satellites and engines. Now they are into electronic controls and communication products NOT building engines and shooting up rockets. I admire Montellos management for at least trying to diversify into something other that diamond exploration. Maybe we should all see that a diamond mine might be more than a "pipe" dream. martin

To: Steve Johnston who wrote (4002)	1/26/2000 10:08:00 PM
From: George S. Montgomery	Respond to of 4256

SJ: I thank you for your respones - and for the delightful information about GeneLocate! I have put in sell orders for my MMU, so I can get in at the 'bottom' floor for this new undertaking. It is odd how thin the skin seems to be on the MEO loyalist, isn't it? Salud

To: Steve Johnston who wrote (4002)	1/27/2000 10:32:00 AM
From: JP	Read Replies (1) \| Respond to of 4256

Montello is not a strickly mining company anymore -but that does not mean that they are still not heavily involved in diamond exploration. The management of Montello have a primary talent of raising funds and promotion -and they are the first ones to admit it. They raise funds and promote for three purposes. 1) To proceed with diamond exploration in Alberta and Manitoba. 2) To proceed with oil development and gas exploration in Alberta and 3) To proceed with investment in internet ventures. It appears to me that they are doing well on all three fronts. 1) They have 40% partnership with Kennecott for the entire province of Manitoba. They are patiently waiting for Alberta to come back into vogue so that they can raise interest in the work. 2) The oil and gas portion is being run by a very well respected engineer in Calgary. 3) The internet portion .ca is being run by Dan Power who has a good track record in this area with investment.com. Net-locate is basically run by a separate team. I see good things (and good money) on all fronts. JP 2) The oil and gas exploration came about as a offshoot of all the data that they had collected on Alberta that needed to be put to use. 3) The internet ventures have cost the company about $40,000 Canadian and now basically are on their own.