GOLDEN PHOENIX MINERALS, GPXM Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM

GPXM 0.0001000

0.0%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: PayShhhhence	12/11/2010 2:50:02 PM
	2 Recommendations Read Replies (1) of 811

The DORE bars being made by GPXM when we first began producing gold were 50/50 gold/silver....... 3.5 Mil ozs of gold @ $1,350..... $4 Billion 3.5 mil ozs of silver at $25 ....$ 75 Mil OLD production costs were $46 mil back in 2003 BOND was $6 mil...... TAXES $1.3 Bil Tax credits were $20 mil plus.... I don't even figure them in to this.... bils kick the crap out of mils.... NET is roughly $2.688 Bil..... SOGGY cocktail napkin as it may be.... With the gold being in layers and granite.... the production costs are NOT going to be dirt cheap.... they will have to be very careful as far as ACURATELY removing over the over burden and scraping of the GOLD layers...taking the TOP off the Mary Mine will also NOT be cheap. We will burn through some fuel up there..... and require MORE heavy equipment..... Tripling the production costs to $138 mil still leaves us with $2.627 Bil...... THAT my friends is the DEAL............ WHAT is 90% of its Net Asset Value???? (IF we sell) WHAT is 20 % of 3 to 4.7 mil ozs of gold.... WITH 80% of Coyote and Vanderbuilt under OUR control.... I DOUBT we will sell out..... RATHER.....we will JV those proerties as well. AND WHAT is 30 to 40 % of an entire gold district worth TO OUR SHARE PRICE????? As they drill it the numbers will only go UP...... AND the 43-101 was VERY conservative. ADD THIS: Peter Hawley says his 2011 goal is for one million old-equivalent ounces in a “proven and probable” resource category. “In our Drinkwater pit we already have 375,000 ounces proven and probable,” he says. “I had a theory that the primary mineralization was around the Mary Mine. It was these north-40-west stress faults and north-northeast wrenching faults and a secondary pulse with large dilation zones, my theory that is. We drilled a hole to test one of my theories and we hit 46 feet of 1.1 ounces per ton gold.” That was three miles to the west of the open pit on-site here at Silver Peak, Nevada. “It is in Peter’s (Hawley) interest to make this a $1 billion project and to pay us $200 million.” stockhouse.com 3 MILES AWAY FROM THE WHAT WAS BELIEVED TO BE THE PRIMARY SOURCE OF GOLD AT MR......... images.investorshub.advfn.com[wjkkMR_Drill_Hole_location_map.jpg THAT takes us right off the map........it is roughly 1 mile from the center of the Drinkwater pit to the edge of the original MR mine in a NW direction (Coyote)..... since then we have locked up the entire land package (to include Coyote and Vanderbuilt (to the SE)). 1. IT's 7.5 miles from Vanderbuilt to the edge of the MR Claims to the NW. Measuring from Drinkwater three miles to the NW puts us on the backside of the peak (grid 34)in grid 27...... 2. It's roughly ANOTHER 2 miles from there to the 3 mile hole....and it's NOT on the drill hole map in the 43-101 3. The land package from Vanderbuilt to Coyote is a rectangular box 9.4 miles SE to NW, 4.7 miles SW to NE..... is that 44.8 square miles????? (help?) 4. The drill holes on the map run right down the ridge from Mary Mine following the power lines north easterly to the flats, that land package has been locked up by the company.... the cinder cone is roughly 1.5 miles due east of the NE edge of the MR property. 5. How far can we go???? I'd be looking for any news that includes holes drilled OUTSIDE the known area of mineralization to determine just how far the down dip goes...... and we are already at the BASE of the NE of the property with a few holes.... Coyote (representing the NW corner of the property) and Vanderbuilt (the SE) are virgin territories. WHAT is to the SW???????? IF we continue to garner similar results from the Coyote area and get some holes IN at Vanderbuilt, and something from the SW, THEN we will have proof that we have 44 sq miles of mineralization..... 6. The 3 to 4.7 mil ozs were based on WHAT again?????? "The 5 targets that were identified have potential for the discovery of 3.0 to 4.7 million ounces of gold. These targets are 1) the down dip extension of the Mary Drinkwater zone, 2) the up dip extension of the Mary Drinkwater zone under Deep Springs Hill, 3) The NNE structural zone trending through the Drinkwater deposit, 4) the Brodie NNE structural zone to Oro Monte, and 5) the Brodie-Missouri WNW structural zone. THIS is based on roughly 1/2 of our CURRENT land package...... Does the mineralization extend with the increase of the land package to 6 to 9.4 mil ozs???? Is that a reasonable extrapolation? Only time will tell...... images.investorshub.advfn.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next