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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: PayShhhhence9/17/2007 9:00:47 PM
   of 811
 
NOW that the company is re-addressing the Mineral Ridge property it's only right we look at the numbers as they relate to us.........

Now…

DON'T go re-mortgaging the house over this, OR buy shares using your credit card.

506,000 ozs of gold

Dore was 50/50 gold/silver

506,000 ozs gold @ $715 = $361,790,000
506,000 ozs of silver @ $12.72 = $6,436,320

Prod Cost = $46,000,000

Bond = $6, 000,000

Taxes @ 34% = $107,516,949

Net = $208,635,900

IF we ever prove up the 3.5 – 4 million ozs that’s SUPPOSED to be laying around out there?????

NET = $1,646,713,200
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