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

To: Craig Spencer who wrote (2072)	4/2/1998 6:29:00 PM
From: JP	Respond to of 4256

<<get ready for a long slow Summer of low stock prices and excessive verbage>> They are planning to start drilling again in 3 to 8 weeks. It is not all winter access in that area -however they will have to select where they can and can not drill. They have moved the camp and are rewiring etc. This indicates to me that they will get back in there quite soon. I have rented pipeline camps before and they are not cheap. If they had given up for the year the camp would have been hauled back to Edmonton rather than out to the highway. I spoke to John (the new IR guy at MEO) he says they are quite bullish at the moment and are refining their targets. I think that the next drilling will tell if they have their crap together or not. The stock should do well if any junior hits kimberlite. Even MMU since MEO is just North of them. JP

To: Craig Spencer who wrote (2072)	4/3/1998 7:19:00 AM
From: Bob Fairchild	Read Replies (1) \| Respond to of 4256

If what you were saying was true, the share price would be slidding into the low 30's by now. People don't want their money sitting idle for a year and would be getting out. Why do you think the share price has support at 40 cents and is strengthening recently. This game is far from over and it is never to late to surprise !

To: Craig Spencer who wrote (2072)	4/3/1998 12:25:00 PM
From: Simon Lyonns	Respond to of 4256

As you suggest, this is a tough business. And any penny stock typically encounters bumps and switchback turns on the road to success. If this wasn't the case, such stocks wouldn't be so cheap. In Montello's case however, the company has plenty of money in its treasury and is constantly refining its approach to interpreting its drill targets (particularly with the aid of newly acquired seismic profiles of many of the Jazz property's key anomalies). Thus, MEO has plenty of opportunity yet to strike paydirt. And with spring break-up likely to last only two to three weeks, MEO can be relied upon to get back at it sooner rather than later. And if the company has to drill its properties like Swiss cheese to get positive results, it will. After all, don't forget that MEO has been at the forefront of the Alberta diamond play for over five years now. Management has plenty of stamina and a firm resolve to accept nothing but success. So, don't lose heart. It's early days yet. And it's hard to believe that at the end of the day Ashton will be able to lay claim to every kimberlite pipe in such a huge and fertile cratonic land mass. Keep the faith. Simon