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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.34

+0.1%

3:59 PM EST

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To: Dave R. Webb who wrote (1892)	3/18/1998 8:43:00 PM
From: Phil Jones	of 4066

Dave: It would be nice if the news release could contain some comments on a plan of action for MGR for the rest of 1998, i.e. the cash amount that Bumbat is projected to generate, and details of 1998 exploration plans. With a low cost of production and high throughput, the Bumbat Mill should really shine once it restarts. I'm very optimistic about MGR's future. Hopefully the share price will at some point in the near future start moving upward.

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