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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.44+0.3%Nov 25 3:55 PM EST
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To: Bearcatbob who wrote (1922)3/26/1998 6:28:00 AM
From: Phil Jones  Read Replies (1) of 4066
 
If the Mill stays shut until the POG increases, where's the money coming from for new exploration? It obviously costs money to run the Mill -- but even at the current POG the Mill was supposed to make a good profit in 1998. The current POG is $10 to $20 above its level when the Mill closed "for overhaul", so I don't see any rationale for not re-opening on schedule, i.e. next week. The POG has been slowly moving up, not down. From my reading of the posts, the chance that MAC would come up with its money didn't change over the past 10 weeks. It looks as if the non-reopening of the Mill might have been contemplated when it was shut down.
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