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Gold/Mining/Energy : Canadian Gold Stocks under $5
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To: Vartan who wrote (168)9/14/1996 12:27:00 PM
From: Roudy   of 198
 
Vartan, I was wondering if you had any insight to a company called Mongolian Gold Resources (MGR-Vancover)? More particularly the management. Edward G. Kennedy, P.Eng. is the chairman and is a Director and co-founder of Athabaska Gold Resources Ltd. MGR is the first company to enter an agreement and mine in Mongolia. There is an estimated 600,000+ ounces of gold at the Bumbat Gold Field Project. Cost to produce is expected to be $US121.00 per ounce. They are also in the final review to be put on the Toronto Exchange and are to be included in it's index funds. They recently claim to have found some very rich formations in the North West Territories in the Great Bear Lake area. Anticipating as much as 3 to 4 million ounce of gold there, near the surface. If you have any insight as to the crediability of this company, I would appreciate it. Thanks, Don.
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