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To: robingrayson who wrote (413)8/30/2000 7:38:12 PM
From: d:oug  Respond to of 4051
 
Robin,

You already know about the ongoing not good experience
of the Canadian company I hold shares in that seems to
have a never ending conflict with a private Mongolian company
that was/is a partner on a prior producing gold mine. I do not
remember what reserves this Bumbat still holds, but if I may
extend my speculation that Dr. Dave Webb sees good potential
in that mine, then maybe it contains more gold than some think.
Even if so and gets mined, I will guess it is not one of those major
finds that will change total world production.

Below, simple comments with my Mongolian experience hopefully
not experienced by other foreign companies there. Doug

To: Doug A K
From: Claude Cormier
Friday, April 14, 2000

<< ... even with good dirt on the work site, poor management and local laws
like permits seem to be what makes or breaks a company.>> That is certainly true.