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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM

GPXM 0.0001000

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Nov 7 9:30 AM EST

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To: KipferlMeister who wrote (380)	7/20/2004 10:51:16 PM
From: Vince Moretto	Read Replies (1) of 811

Big difference is right. But I know I heard it stated both ways at the same meeting. I'm hoping things weren't that fouled up. Maybe you can listen to it off the website...and render your opinion. I'm having troubles doing a complete download. Can't get the whole meeting. At any rate I'm sure it will come out in the quarterly report. I don't know the historic recoveries of the previous operators. I do know that the current company and some of their key operations people were not satisfied with the way things were previously done...that is why all the previously mentioned steps are being taken to try and minimize processing of waste/overburden and maximize recovery. I think that ONE of the reasons we are not hearing alot, is because nobody really knows at this point. Improvements can be made, but the actual results have yet to be extracted from the solution. Premature numbers, reporting on trial and error, and temporary setbacks probably don't do anybody any good. As time progresses we will see...they'll either get it dialed in or not. It will all eventually show up in the balance sheet. Vince

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