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

To: david f. dempster who wrote (2307)	8/5/1998 1:21:00 PM
From: JP	Read Replies (1) \| Respond to of 4256

Well today is a good day to be in MEO rather than ACA. K91 is dragging MEO down a bit but technically it should help MEO. K91 proves that there are at least -close to commercial diamond pipes- in this area of Alberta. MEO's property is far enough away to be considered a complete different cluster but yet benefits from being part of the ADP. We see today -in the relative strength of MEO. That the upside is there with little down side. If Kennecott hits another cluster of pipes we will see MEO do very well. MEO is now 20% of Ashton price so we have done twice as well owning MEO over the last six months than we would have owning ACA. You can buy twice as much ACA today than you could have in January. Plus we have a high profile drilling program starting up by our high profile partner in the next month. Also due to the price range of MEO we are less likely to get hit by margin call selling. I think that there is going to be a lot more kims found in the near future in the ADP. Just my slightly biased opinion again. JP