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

To: David R. Schaller who wrote (1975)	4/2/1998 9:07:00 PM
From: Phil Jones	Respond to of 4066

David S.: You seem to be saying that the situation looks hopeless -- at least at the current price of gold. If the price of gold were up, I guess there would be interest in MAC's 51%. But now there isn't. So the other way out is for MAC to take the 40% for what they did put in. Then MGR's share of Bumbat Co. goes from 49% to 60%, which looks more attractive to investors. If MAC can't sell its investment for what it put in, wouldn't it make sense for it to take 40% of something that looks more attractive to investors, i.e. isn't 40% of something promising better than 51% of a situation that looks a mess to investors? I think that's what Bill was saying.