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Gold/Mining/Energy : Mongolia Gold Resources

MGR 20.90

-0.8%

Dec 5 9:30 AM EST

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To: Dave R. Webb who wrote (1956)	3/31/1998 6:30:00 AM
From: Phil Jones	Read Replies (1) of 4066

Dave: I wasn't saying in my post that the Mongolia Gov't. was into any sleazy behaviour. I was simply asking how things are so I could get an idea of what you're up against in trying to get MAC to negotiate. The spectacle in Indonesia was an investors' nightmare, and a big part of the reason that the juniors are now so underpriced. So it's sure to place some doubts in investors' minds on anything happening outside of Canada and the U.S. Anyway, you're satisfied that MAC is playing games the same way a company could in this country -- and with no gov't. involvement. That's fine. I accept that. It's all I was asking. If that's the case, I wouldn't be concerned about trying to get help from the Mongolian Gov't. or using the Mongolian courts to make MAC toe the line -- the same way you would if the Bumbat Mill were in Canada.

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