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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.44

-0.2%

Dec 19 4:00 PM EST

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To: marcos who wrote (2378)	7/3/1998 4:52:00 PM
From: Pete Schueler	Read Replies (2) of 4066

Marcos, Your equipment is nearly new compared to mine. 1952 Massey Harris RC22 and 1964 Oliver 550D used for mowing and light farm work. Bought the Massey for $450 in 67 and the Oliver for $2400 in 75. Finding parts can be challenging but I know the machines and can repair them at home. Yesterday was a new hydraulic hose for the Massey, $16 for parts. Regarding O&M I was looking for the Mongolian currency on Bloomberg but couldn't find it. If its tanked like many others in the region then it seems that the mill might be cheaper to operate in relation to the POG. Maybe Dave can comment on this. Any advantage is welcome. Regards, Pete

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