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

To: marcos who wrote (2806)	11/15/1998 7:22:00 PM
From: Bearcatbob	Read Replies (3) \| Respond to of 4066

Marcos, Perhaps this question would be better directed to Dr. Dave, but here it is. It is real basic. Where does MGR get the capital to anytning until the Bumbat is resolved. I have not looked lately but I think there is little if any cash on hand and with a share price of about a nickel it is almost impossible to raise captal through an equity offering. So, without money this company is extremely limited in what it can do. If there were to be a roll back and then an equity offering the present shareholders would be wasted. So, I see that a resolution of Bumbat is required before this company can do anything that is beneficial to its shareholders. Perhaps I will check the web site to check $. I did and here it is. techstocks.com bob

To: marcos who wrote (2806)	11/15/1998 7:48:00 PM
From: Dave R. Webb	Read Replies (1) \| Respond to of 4066

Marcos, Silver is a very interesting commodity as Butler described. A useful link is silverinstitute.org The inability in silver production to meet demand, and its tight link as a byproduct from copper and zinc production make its future look great….for the silver producers. Likewise, the advent of digital photography is going to make great inroads …if you have a computer, and printer to view them. I doubt it will have much of an impact in China or India today. Exactly the area where regular photography is growing strongest. Bearcat's comments re: cash on hand is on the button. Not enough to bring a new mine into production in the treasury today. We used a phrase in Mongolia that always got people whispering….there's more than one way to skin a cat. I guess we better have other plans. Dave