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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM
GPXM 0.00010000.0%Nov 7 9:30 AM EST

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To: Postman who wrote (496)2/25/2007 2:42:48 PM
From: Vince Moretto   of 811
 
Postman,

Sign me up for your 100% newsletter, do I get a discount for my charter subscription?...but seriously, compounding is a good thing, ie 2 x 2 is 4...and I think those are reasonable expectations as debt is paid down, production/revenue expands, and revenues are re-invested into bringing more projects on-line...I can see that compounding theme will be running through what goes on here.

As far as market risk goes, at this point the Phoenix is trading at a level that is just a little higher than what I believe could be next years cashflow value. That should limit the downside risk of market crash...but you face that risk wherever you decide to invest...if there's a risk here it may be the price of molybdenum...that makes a case for sizing the project properly, and bringing other projects online for doworsification....

vinalysis
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