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

To: Bill Jackson who wrote (2834)	11/18/1998 4:57:00 PM
From: Dave R. Webb	Read Replies (1) \| Respond to of 4066

That's my make on it as well. It looks like the Stockwatch article states investors who used Steven Scott Brown are concerned that he may have misused their funds, or diverted funds to his own account. It also appears that Vonice Parker may have made contradictory claims on statutory filings with the BCSC as to her involvement with some of these companies. It is unclear from documents referred to in the Stockwatch article who in fact owns some of these companies, including one that made an investment in MGR. It would appear that some of the investors who used Mr. Brown are concerned with their investments.

To: Bill Jackson who wrote (2834)	11/18/1998 5:09:00 PM
From: Dave R. Webb	Read Replies (2) \| Respond to of 4066

Bill Not to belabour a very interesting difference of opinion... Not too long ago someone introduced a nifty machine called a computer. That and the advent of email was going to do away with paper. Why, almost overnight we'd be able to compose, send, receive, and file or discard a tremendous amount of information. Know what? I personally own 4 computers and I'm up to my eyeballs in this paperless office. I now by the stuff by the case lot for my home. Does anyone else want to predict what the digital camera is going to create? Either way, I think being at the bottom-end of the cost curve is important. It is also important to have the cash-flow. Bearcat asked at what price the silver at Terra would be economically interesting. I suspect that if the historic 200 ounce per ton stopes from Norex can be supported, silver would be interesting at prices over $0.50 per ounce. Higher would be better. Realistically, the average grade of 30 opt is more reasonable to expect, and if the rock can come out at better than US$120 per ton, people should be interested. That means a breakeven price of around $4.00 per ounce might be established. The alternative might be to look for some grades higher than 30 opt. That's what makes the project so interesting....documented evidence of production grades ranging up to 74 opt. Nobody makes an investment to breakeven though, and in mining, you've got to set your sights a bit higher than elsewhere. Dave