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

To: griz who wrote (3013)	2/5/1999 3:36:00 PM
From: JP	Read Replies (1) \| Respond to of 4256

Just a few words to the short sighted pessimists. (Which I seem to read a lot of lately) The samples that came up 'barren' were only 10% of the sample -from very large pipes. A hole of 2.5 inches diameter on a 4000 square foot surface. The other 90% of these samples still have yet to be tested -they are waiting for the lab to get working. They have 18 more that are being drilled. As far as people selling prior to the news release - if the stock isn't moving up on rumour - which it would if there were tons of diamonds -then it is a safe bet that the news is ho-hum. JP

To: griz who wrote (3013)	2/5/1999 5:29:00 PM
From: Jesse	Read Replies (3) \| Respond to of 4256

Sir Griz, I pose this to you because you have shown to be one who is cognizant as to what is happening: Do you agree that this last NR by MEO is somewhat confusing at first read? On the one hand they report finding zero diamonds in all the remaining six kims, and declaring as such (i.e., "No diamonds") in the table juxtaposed to the full depths drilled, yet on the other hand stating that the sample represents about a 10% "check sample" (as I pointed out before). And on the third hand <gg>, the NR speaks of how the Legend kimberlite will get top priority when the improved Ont. CF lab is completed: The Legend property kimberlite will be given top priority as soon as the laboratory is operational. The release goes on (positive of course, as you pointed out), A second drill rig has been mobilized to ensure that the current drilling program is completed before March 15, 1999... The news release seems misleading and sounds more negative (as the stock hit a 4-year low of 0.175 today) than it really is, ... - whether intentional,... or not. - Any comments, Griz? (TIA) Regards, -j :>