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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.51

+0.5%

Nov 14 3:57 PM EST

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To: d:oug who wrote (2601)	9/9/1998 6:41:00 AM
From: Phil Jones	Read Replies (1) of 4066

I agree, Doug. I think there's a reasonable chance that Dave can deliver "the goods" for those patient enough to stay with MGR. The Mill is in place. We just need the price of gold to go up and to get the MAC situation resolved. There's no guarantees that both will come together, but I'm very hopeful. If MAC's interest can be sold to a company with extra cash, maybe the Mill will be re-opened while the price of gold remains low. It's been a while since the Mill operated, but I seem to remember the operating cost was below the current price of gold.

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