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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.46

+0.5%

2:59 PM EST

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To: Dave R. Webb who wrote (3846)	10/4/1999 10:36:00 AM
From: Phil Jones	Read Replies (1) of 4066

Dave, you and MGR took big risks in Mongolia -- but the payoff could have been (will be??) huge if the POG keeps rising and serious gold deposits had been (will be??) found around the Bumbat Mill. I don't blame you -- but rather commend you for taking risks. Moving a mill lock, stock and barrel from the U.S. to the hinterland of Mongolia is not for the queasy. Part of that boldness, however, would have been to leave the name of the company as it was. Mongolian gold was what the company was after. Mongolian gold was an exciting name. Changing the name was to throw away a huge drawing card of persons who would at this time be beginning to look around for risky speculative gold ventures in exotic places. It was one thing to consolidate the price of the shares; I could understand that. But to give the company that assinine meaningless new name was silly. What about changing it back???? No one would blame you. Why not consider it????

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