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

To: Bearcatbob who wrote (2759)	11/2/1998 9:16:00 PM
From: marcos	Respond to of 4066

127mil out now, they got all the Pacalta assets finally. 1800+boe/d at last report, 20% interest in Shell Quirk 16-19-21-4W5M which is in testing now. Drilling two wells at Norman Wells and three at Slave Point this winter. Ongoing improvements in current wells. Even better wolf pickshurs greywolf.ca along with better numbers greywolf.ca - 3Q should be out in a couple of weeks, could include Quirk Creek numbers. They'll be on the TSE before long. Dynatec's numbers this morning were less than thrilling, but I guess the market had that priced in already. As to security at Bumbat - friend of mine gets his finca in Chiapas guarded and maintained quite well for 3000 pesos/mo, about US300. There's lots of stuff to carry off, in an area not known for its lawfulness. His only problems have come from the Army and the estatales (state cops). The official thievery is always the major fear, imho. Dave says we have a bulldozer and excavator out on dry lease - I wonder what makes, models, years, etc that iron is ..... that's sort of up my alley ..... I wonder what the service/parts situation is .... it's likely Cat iron, there's a dealer in Ulaanbaatar; cat.com We were talking about that before, weren't we?