GOLDEN PHOENIX MINERALS, GPXM Message Board

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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM

GPXM 0.000001000

-99.0%

May 28 1:24 PM EST

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To: d:oug who wrote (104)	2/10/2000 12:06:00 AM
From: Robert J Mullenbach	Read Replies (1) of 811

I talked to Mike Fitzsimonds, today. Whitney still has a contract with Golden and they are doing work now.. He said that they would use Whitneys process if it worked on the ore and was cheapest . itronics.com would take about one year to figure it all out. I asked him about cost per oz, if they had a good ball park figure, he said it was like the pipe deposit. he is talking 250 to get a oz. I have two other investments in this kind of deposit, but their cost are more like 190. he was not talking cash flow, he was talking total cost of 250. It's one of the long term gamble things, maybe whitneys process will be the best. I am long term bullish on gold, and if 500 or 600 is ever reality, it should look good then.

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