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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.38

-0.3%

Dec 22 3:59 PM EST

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To: Dave R. Webb who wrote (2428)	7/15/1998 12:04:00 AM
From: rdww	of 4066

I'm referring to your note suggesting that anyone wanting to pick up MAC's portion of the tab would be looking at less than $1MM US. NOt a number that you have written before - actually it always sounded like you were gonna get the $$ that MAC owes. The drop from getting $4MM to less than $1MM is big - not to mention that it will cost how much to start the mine up ? Upwards of $750K perhaps? Picture ain't pretty yet.

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