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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.76

-0.5%

Nov 11 3:59 PM EST

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To: Phil Jones who wrote (3951)	2/2/2000 1:31:00 PM
From: Dave R. Webb	Read Replies (1) of 4066

I spoke to a few people at the mining convention in Vancouver this past week. An increasingly positive mood could be detected. For the first time in about 18 months, individuals were actively soliciting ventures (they had cash). They are very selective, and very frugal, but it beats the scene from the previous year's conventions. Palladium plays and diamonds took the stage as the commodities of choice, but VMS and gold projects saw some mention. The quality of what's available has improved substantially, and the remaining players have fairly realistic desires. I had one NWT diamond project presented that had some nice looking till samples, intriguing geophysical targets, and good neighbours (diamondiferous kimberlites). The vendor said originally he had wanted a lot, but was now resigned that the best offer (lunch at McDonalds) might be the only offer. See you at the PDAC...over 1 billion McDeposits served. Dave

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