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

To: Dave R. Webb who wrote (1956)	3/31/1998
From: marcos	Respond to of 4066

Some of us invest in other countries to escape greater risks at home; 207.183.153.73 I'd be very surprised if Mongolia was as hard on miners as British Columbia. Few places are - Indonesia came close there for a while, but it would be wild speculation to suggest that Mongolia is that sleazy. I'll give them a chance. Political risk is always present in mining - mines are fixed while governments and their ethics are very portable. So far, to my knowledge, Mongolia has given no reason for concern. Tripped across this just now; soros.org - haven't read it yet, but it looks interesting. Putting "mongolia" into Yahoo brings up quite a bit lately, it seems. Thanks for keeping us posted, Dave ........... cheers ........... marcos

To: Dave R. Webb who wrote (1956)	3/31/1998 6:30:00 AM
From: Phil Jones	Read Replies (1) \| Respond to of 4066

Dave: I wasn't saying in my post that the Mongolia Gov't. was into any sleazy behaviour. I was simply asking how things are so I could get an idea of what you're up against in trying to get MAC to negotiate. The spectacle in Indonesia was an investors' nightmare, and a big part of the reason that the juniors are now so underpriced. So it's sure to place some doubts in investors' minds on anything happening outside of Canada and the U.S. Anyway, you're satisfied that MAC is playing games the same way a company could in this country -- and with no gov't. involvement. That's fine. I accept that. It's all I was asking. If that's the case, I wouldn't be concerned about trying to get help from the Mongolian Gov't. or using the Mongolian courts to make MAC toe the line -- the same way you would if the Bumbat Mill were in Canada.

To: Dave R. Webb who wrote (1956)	3/31/1998 3:46:00 PM
From: Shirley Owen	Respond to of 4066

Dave, Your comment: "Have some faith (or cynicism) that North America has no monopoly on honesty and integrity....read the paper." I don't think North America always has honesty and integrity either. That's just a myth that is perpetrated. Look what happened to Alcan, at Kitimat for a long time. Fed's said yes you can, then, B.C. said no you can't, long court battles, huge money spent, finally an agreement after years of expensive delays. Then there was Windy Craggy, B.C. said yes to the permit to explore, let them spend huge amounts to prove up a huge copper deposit, and only then, the environmentalists start shouting and the good old NDP government bows to pressure and said, No you can't mine it. Stock plummets and good ol' Peggy Witte buys up cheap shares of Geddes to cash in on the inevitable compensation for the site, paid for by the long-suffering taxpayers. So instead of jobs and a profitable company paying taxes, we have the taxpayers being hit over the head once again, and a recreational site so remote that only the wealthiest could ever afford to visit. This is honesty and integrity??? I'm sure you could come up with your own stories of how "helpful" our government is, when it comes to mining, and why so many companies pull out of B.C. at the first sign of an N.D.P. government. I think we sometimes get a fairer shake from some of the so-called questionable countries. No doubt, there have been problems, and Indonesia left a bad taste in investor's mouths, but there are many instances where there has been very good legislation put into place to protect foreign investment as well. Let's hope that is the case in Mongolia. This should be a good test for the Mongolian Government, should there not be a settlement forthcoming from the partners. I guess until then, the jury is out. Cheers Shirley