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

To: d:oug who wrote (2990)	1/9/1999 7:31:00 AM
From: Phil Jones	Read Replies (1) \| Respond to of 4066

I agree with your optimism, Doug. There's big potential in the talk between MGR and MAC/TD Bank. With the gold price at the current low, this is the best time for MGR to negotiate. If the gold price jumps to US$320 or above (which I believe it will in a few months), I see the biggies such as IPJ jumping into the fray and starting to talk to the TD Bank. If MGR is going to get a "very favourable" deal for all or a part of MAC's 51%, now is the best time. I'd like the gold price to start moving up -- but hope that MGR has worked out a deal before that happens.