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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.27+1.3%3:59 PM EST
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To: Phil Jones who wrote (2789)11/12/1998 9:10:00 AM
From: Dave R. Webb  Read Replies (1) of 4066
 
Phil

MGR is a long way from silver production today. The Camsell River Silver mines were in production 15 years ago, and much of the infrastructure is still in place, however, to restart such an operation would take time and money.

MGR's strategy on silver is to bring in a partner (North American) and explore the potential for:
a) additional or expanded high-grade silver resources
b) bulk-minable silver, copper, bismuth, cobalt, gold +/- uranium resources.

The high-grade silver potential could be exploited fairly quickly, but the bulk-minable target consumes much more time and money to advance.

Check out the link www.fortuneminerals.com and look at the Nico project. This is in the same belt of rocks to the south of MGR.

Also, a few miles to the north of us, a company named Echo Bay Mines got their start at a place called Port Radium.

Dave
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