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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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From: zappy4/30/2007 1:20:16 AM
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From Jay Taylor, also, he is at Chicago show.

"Golden Phoenix Minerals (OTC BB–GPXM–$0.40–Outstanding Shares 158,255,000) – I think this company made a giant stride toward acceptance in the mining community when it announced last week that it was raising $6 million and that $3 million of that was being purchased by Sprott Asset Management. I was recently asked on Pat Gorman’s radio program what it would take to cause GPXM to gain the respect it deserves. I told him I think they need to explore and develop the molybdenum resource so that the market can start to see that this is a substantial resource. It may not be large, but it is one of the most incredibly high-grade molybdenum deposits on earth, and there is reason to believe that when all is said and done, the total amount of moly in a very small area may be much, much bigger than the market is envisioning, because the vein hosting this deposit has in fact been traced for a fairly long strike length. As stated in the company’s press release this week, “With this financing from institutional and accredited investors, the company plans to accelerate exploration, development and production at our portfolio of molybdenum and gold properties.”
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