We view MgB2 as electronically equivalent to (non-staggered) graphite
(B− layer) that has undergone a zero gap semiconductor to a superconductor
phase transition by a large c-axis (chemical) pressure due to Mg++ layers.
Further, like the \ppi bonded planar organic molecules, graphite is an old
resonating valence bond (RVB) system. The RVB's are the `preexisting cooper
pairs' in the `parental' zero gap semiconducting B− (graphite) sheets that
manifests themselves as a superconducting ground state of the transformed
metal. Some consequences are pointed out.Comment: 4 pages, 2 figure, RevTex. Based on a talk given at the Institute
Seminar Week, IMSc, Madras (12-16, Feb. 2001