Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.28

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9:32 AM EST

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To: Dave R. Webb who wrote (1939)	3/29/1998 6:58:00 PM
From: Phil Jones	Read Replies (1) of 4066

Dave: How's the financial picture at MGR? Without operations at the Bumbat Mill, how long will your present financing allow you to carry on? Have you got enough to carry out exploration? Ever since I began tracking MGR, the whole point was to get the Mill running and generate cash flow from the Mill for exploration. There can't be much cash sitting around for running MGR's administration, let alone run any kind of exploration. Do you have a new budgeted game plan that takes over without income/expenses of the Mill? If so, can that new game plan carry on indefinitely -- or is re-opening of the Mill within a short time necessary for MGR's survival?

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