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

To: Pete Schueler who wrote (3027)	1/15/1999 12:20:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 4066

Pete, I remember very well what the cash costs were stated to be. I also know that accounts can allocate costs in various ways within limits. I submit to you that if all costs associated with operating that mill would be $150.00 it would be running today and that the fact that MAc was behind would be immaterial because the operating profit would make up the difference. For example, if i must make a capital investment to keep something running - the capital investment is not part of the operating costs - but the cost of amortizing that investment is part of the total cost of the operation. There is far more here IMHO that meats the eye! bob