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

To: Chris who wrote (2521)	10/8/1998 10:22:00 AM
From: JP	Read Replies (1) \| Respond to of 4256

<<How are your crystal balls folks?? Predictions please.>> The magic is all in the second target. The odds that they hit kim in the second hole on the first target is 100% in my opinion. As long as the second target hits kim then the predictions that they have an entire cluster with many many pipes is a sure thing -as is the Jazz property potential. That is when the stock will rise to the 80 cent level with a couple of stops on the way. This could start with a news release tomorrow. If this kim had been found a year ago -this stock would be at $2-$3. Damn!!! JP PS - If they strike kim on the second target and Ashton K14 results not great but interesting -MEO will be trading above Ashton by XMAS. PPS - You said in your post -when the drilling slows down - Kennecott do not intend to slow down till they finish 15 targets. PPS - Part of the deal that they make on the Jazz property will include a proviso that they start drilling right away. That was put into the Legend deal and that is why Kennecott is having to pay for the expensive helicopter drill program. THis will help keep news coming for a long while.

To: Chris who wrote (2521)	10/8/1998 12:54:00 PM
From: Famularo	Read Replies (1) \| Respond to of 4256

Chris, nice note!,,,, based on my TA, Montello bullish rally should have lasted for more than a day and broke the previous high, obviously, everybody was scrambling to take profits. You did do the right thing, as I suggested that taking a profit was not a bad idea, I think it was post 2452. I also took a profit.. I was positioning myself for an announcement on the second pipe and bought it back at .40. Obviously they have had delays and I support JP that a second pipe will be found. Timing is an issue and I did not want to hold to Montello during quiet times. I resold Montello between .39-.41 and will buy back in when I hear something. Personally, technically, I think it will break .51 and should test the next resistent level before coming back down and creating a new support level. It could be as early as today, and when it does, you can be assured I'll be in.... regards Frank