Phoenix Gold Resources (V.PHO) Message Board

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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: Richard Mazzarella who wrote (95)	8/14/1997 11:07:00 PM
From: Ron Struthers	of 285

Richard, PHO and Highland Metals (private co.) I believe are giving up equal amounts to Alda, while I would have prefered PHO going to $1 to $2 and issuing some stock to explore, in todays market this is not all that bad. First both companies have a very small market cap so any success and they both could move up significant. PHO has the silver property they are trying to take to 100% and others are interested in JVs there. PHO is putting more emphasis on the silver play. Its more advanced and looks very promising. BTW if PHO can go ahead with an adit at grasshopper, planned for September than this would advance the property significantly as well What Alda will do is speed up exploration by getting more $$ in quickly. I don't know much about them yet but will be finding out more. I have been told they will have no trouble raising $$. Another big plus is I believe they will bring some promotion into this play. This will help PHO as well as Alda. I will post some more when I get some more info. Ron

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