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

To: Dave R. Webb who wrote (1930)	3/27/1998 8:32:00 PM
From: Phil Jones	Read Replies (1) \| Respond to of 4066

Dave: I'm very disappointed that the Mill won't re-open. Your posts until the start of the week were all pointing in the re-opening direction, whereas it's hard to see what has changed vis-a-vis MAC since February. How can MGR operate an exploration program if the Mill doesn't start to generate money in 1998? If things get involved in a legal mess, they could be tied up for years. Unless the legal issues are solved quickly, it looks to be all over for MGR. I try and stay optimistic, but this is starting to look hopeless. Can you at least tell us when you'll know something definite on whether one of the parties you're talking to, i.e. the Australian company for instance, will put up some capital to get the Mill running? Are we looking at April or May?