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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.04-1.6%Nov 20 3:58 PM EST

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To: d:oug who wrote (3023)1/15/1999 7:46:00 AM
From: Pete Schueler  Read Replies (1) of 4066
 
The mill started up 3rd qtr 97 with POG @ $320. Mill was shut down mid Jan 98 for a planned 10 week outage for grinding circuit reline and other modifications (as I recall, the mill was used and started up with partially worn liners). POG was about $290. It never restarted because MAC wouldn't pay their share. As I recall POG was not mentioned as a factor in the shutdown. All this is a matter of record on this thread including throughput, costs per ton, grades etc.
I am concerned about the condition of the mill after one year out of service. Maybe Dave could comment on this.
Pete
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