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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Dave R. Webb who wrote (1911)	3/25/1998 10:19:00 AM
From: Alex Harrington	Respond to of 4066

Dave Who is supervising current maintenance - MGR - or is MGR input suspended? Where does mill supervision come from if MAC restarts with no MGR input? Looks like things are on hold. Alex Harrington

To: Dave R. Webb who wrote (1911)	3/25/1998 11:53:00 AM
From: rdww	Read Replies (1) \| Respond to of 4066

you're hedging - NR did not say that Bumbat will not start - BUT you are not doing anything till $$ come your way - which means till this is settled - the mine does not start. Correct?

To: Dave R. Webb who wrote (1911)	3/25/1998 11:58:00 AM
From: David R. Schaller	Read Replies (1) \| Respond to of 4066

Dr. Webb, Where does this leave further exploration in Mongolia? Is your deadbeat partner also supposed to contribute towards exploration costs? What leverage does MGR have in this debacle? Seems like a situation that could take years to resolve. I'm not holding my breath for MAC to come up with the moola. Are you? Dave

To: Dave R. Webb who wrote (1911)	3/25/1998 2:51:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 4066

Dr Webb, since 9% (49%-58%) seems to translate into $1.2mil is it safe to assume that Bumbat is being carried at a value of about $13,000,000? What made MGR think that a new agreement with deadbeat partners was going to be any better adhered to than the old one. I say good riddance. The stock has gone down ever since the mine opened. Maybe this will be a breath of fresh air. I assume if our illustrious "partner" had been paying their fair share MGR would be in much better shape financially. Dave