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

To: Bearcatbob who wrote (2371)	7/3/1998 8:30:00 AM
From: David R. Schaller	Read Replies (1) \| Respond to of 4066

Bearcat, I think they should take the $500,000 and buy back 1/3 of their outstanding shares (especially mine) Half a million wouldn't go very far in exploration. Don't know if it's enough to get the mine working or not. I think our options are limited. It will take a large infusion of funds to jump start this company. Quite a different scenario from where it seemed we were going to be a year ago. Regards, Dave

To: Bearcatbob who wrote (2371)	7/3/1998 3:04:00 PM
From: marcos	Read Replies (2) \| Respond to of 4066

Used machinery works great if you keep it maintained well. The machine I use the most is a 1976 640 JD skidder, my goal is to help it pay itself off for the hundredth time. We are growing old together. Most days, it's more graceful in its aging than I am. "What else will need repair..." - I'd like to see a full breakdown of machinery and past/present/future repairs and maintenance, I think you and I and maybe others understand this stuff. Maybe Dave could copy and paste in here an engineer's report, or excerpts from one? .... after the MAC thing is done, anyway. He's already posted quite extensive details. Last I heard, the mill had a positive operating cashflow in its first months of operation, and that was on startup, which you and I know is rarely the peak of production efficiency, right?