Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Condor who wrote (35511)	3/11/2007 11:23:23 AM
From: LoneClone	of 78416

In spite of this roadblock with the JV partner, which as I said is structured so it will work out in GPXM's favour without too much fuss -- there's an arbitration process in the LLC agreement that will continue to move more and more of the ownership into GPXM's hands if WEX continues to screw up -- I still like GPXM because they have the richest moly deposit in the world. Other moly producers boast about having 0.05% moly, whereas GPXM's Sylvia vein runs about 5%, so that 100 tpd figure is the equivalent of 10000 tpd for the rest of them in terms of moly concentrate produced. And I also like GPXM because a key factor in a junior company is always management, and the gang at GPXM had already proved they were top notch by what they have achieved in two years before they recently added Don Prahl, who was a key figure at Barrick for many years before joining them. Once Ashdown production is fully under way in a few months, then they can get to work proving up more reserves and resources and get the Mineral Ridge gold operation running properly. GPXM will be a cash cow. Spend an hour or so on DD, and you might swing around to my side of things. Or not. LC

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