Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.41

+0.3%

Feb 10 3:59 PM EST

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To: Phil Jones who wrote (3199)	2/23/1999 9:01:00 PM
From: Ron Everest	Read Replies (1) of 4066

There was lots of time to prove the $120 per oz production cost and what was the answer?..........gold produced at >selling price. Well, the rationalization that we haven't yet mined the richer vein, or, production costs were higher due to processing material with low grades is still a rationalization. I too believe that it is potentially possible to get the costs below $200 and await that day. PROOF of $120 gold production will, IMO, attract a higher share price. True, the profits from production COULD finance additional exploration on what could be excellent property. The market is waiting to see the goods. This is reality. I'm not sure how the working capital will be found to restart the mill??? Best regards, Ron E

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