Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.28

+0.5%

Nov 21 9:30 AM EST

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To: d:oug who wrote (2575)	9/4/1998 11:00:00 PM
From: Phil Jones	of 4066

Doug: As far as where MGR has been, it's too upsetting to discuss (memories of $1.60 dancing in one's head). As far as where it is, does anyone know? I don't. As far as where it's going, I like to think that MAC will sell out to some BIG company with MEGABUCKS which can take a chance on re-opening the Bumbat Mill. But it hinges on the price of gold. If the POG stays low, MEGABUCKS and MGR may leave the Mill closed for now and do exploration in Mongolia. Since the Bumbat Mill is not too far (1000 miles?) from the Irkutsk-Beijing rail line through Mongolia, a branch line might be built to the Bumbat Mill. We definitely need a train in MGR's future.

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