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

To: Phil Jones who wrote (2995)	1/10/1999 11:32:00 PM
From: d:oug	Read Replies (2) \| Respond to of 4066

Phil, I think I now understand what I do not understand. I hold shares in MGR, and MGR has presently a 49% interest in Bumbat Mill, another independent company, MAC, holds 51% in Bumbat Mill. What I was not understanding was a simply business fact. The value of a share of MGR has built in it the speculation value of a 49% part of the Bumbat Mill. If MGR got the remaining 51%, and speculation of its [Bumbat Mill] future value was to remain at the present low valuation, then a share of MGR will not increase in value. But if the price of gold increases, then the value of MGR will be higher with 100%, rather than 49%, of the Bumbat Mill. So I forgot, presently we share any profits with MAC. Its hard for me to identify to myself that which I do not know that I do not know. Easier to know that one does not understand, and its no problem for me to know when I'am wrong. Thanks Doug

To: Phil Jones who wrote (2995)	1/11/1999 11:22:00 AM
From: see clearly now	Respond to of 4066

I would think the key factor here is the TD Bank....and its proven trust worthiness..... in a new nation that is in some turmoil as it attempts to convert to a new economic system! IMO the negotiations will likely succeed in our favour and when the price of goal goes up then this company is a superb investment again...its ready to produce at a reasonable cost, adjacent to a growing market and has prospects of additional reserves! Arni