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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Phil Jones who wrote (85991)	5/28/2002 10:52:12 AM
From: marek_wojna	Read Replies (1) \| Respond to of 116837

Thanks. I like the risk, but cannot stand rules of corrupt gov't clerks.

To: Phil Jones who wrote (85991)	5/28/2002 4:06:12 PM
From: E. Charters	Read Replies (2) \| Respond to of 116837

I notice Ivanhoe Resources has a discovery in Mongolia. I thought that Mongolia allowed 100% foreign ownership now. Perhaps not. I heard other stories about MGR too. One is that their property was way over valued. One thing was that they (MGR) claimed that there was a substantial increase in grade over the previous Russian figures, and it is supposed to have turned out the claim was all hooey, and that therefore the mill never made money because of bad grade projections. One place I know used to demand 50% government ownership of Uranium properties and you had to foot the bill for all exploration up to feasibility. That was Saskatchewan. They also bought out all the Potash producers by expropriation. Left a lot of bitterness about the place for years in the industry. I wrote a 48 page report on diamonds in the Coronation Gulf area for a company called Hornby Bay about 3 years ago. I never got paid for the report except a pittance down for starting work on it. And I submitted teh report in full. Should have held the thing back. I was warned. Anyway, I recommended work in the Coronation Gulf Area in diamonds to them and they rejected diamonds out of hand. So this last year the area becomes the largest staking rush in Canadian history. No doubt MGR read the report somewhere along the line. I will write a book someday about the Canadian mining exploration industry someday, and call it Idiots, Shysters and Thieves. EC<:-}