GPXM's Powerpoint (text only) presentation at last week's PDAC
• Experienced Gold Play – Nevada Focus
– U.S. based gold/moly exploration, development & production company
• Exceptional Corporate Development Pipeline
– Highest grade moly mine in North America at Ashdown (60% GPXM - Operator)
– Excellent opportunity to expand gold resource at Mineral Ridge (100% GPXM)
• M&A and Exploration Pipeline – Near Term
– Positioning for exposure to large high-quality exploration land positions in Nevada
– Target M&A with plus million ounce gold projects in Nevada and BC
• Organic Growth Strategy
– Reactivation of the Mineral Ridge Mine, significant potential to expand existing gold resource
– Plus 300,000 ounces of gold that will report to the proven and probable reserves @ $450 / ounce
– $30 million of production infrastructure placed in temporary idle status with active mine permits in place
– Apply our exceptional technical depth to create opportunity in leveraging to mid-tier production status
• Strong Leadership
– Experienced Board of Directors and management team with strong expertise in:
– Exploration, business development, project development and operations
• Strong Balance Sheet
– Sufficient cash with no significant debt on books
– Well sponsored with strong US investor base and international mining fund companies
• Build Nevada based mid-tier mining company with operations and an advanced exploration and development pipeline
• Execute strategic plan to further develop cash flow and reserves at Ashdown Mine
• Bring Mineral Ridge Mine into production based on existing gold resources to finance further exploration and development activities
• Further define gold resource at Mineral Ridge
• Actively progress Nevada pipeline with focus on advanced exploration and development
• M&A activity to bring in sizable gold assets in Nevada, Colorado and Canada
Ashdown Mine
• Production Stats for calendar 2007 (projected through December)
– Bonanza-grade underground operation utilizing in-house mining expertise
– Gross revenues of ~$10 MM during development phase in 2007
• Mine Plan for 2008 forward
– Up to1,000,000 lbs per annum under full production rates
– $30 MM in gross revenues per annum at current Mo prices
– Pre-tax LLC operating profit $16.5 MM (~$10 MM to GPXM)
Development ~ Mineral Ridge Mine
• Currently executing reactivation of the Mineral Ridge mine
• Initial production expected in first half of 2009 (this could be as early as Q4 2008) with initial mine life of 10 years
• 1.6 million tons at 0.03 opt Au on leach pad for 48,000 oz
• 2.78 million tons at 0.08 opt Au for 209,000 oz
• Underground expected to contribute an additional 60,000 Au at 0.30 opt
• District exploration potential of 1 to 5 million ounces
• 100% owned by GPXM
• Average annual production ranging from 30,000-50,000 ounces of gold
• Life-of-mine average cost per ounce of gold sold is $350
• Over-all gold recovery of 93%
• Converting to 1500 ton/day milling operation
• Capital expenditure of $25 MM
• Annual gross revenue of $20 MM
• Net profits of $10MM to GPXM
• Virtually untested at depth for high-grade gold mineralization, strong near-term potential to significantly expand reserves
• Over 50,000 feet of drilling targeted for 2008
• Program is designed to delineate and expand ore reserves to 500,000 ozs by the end of 2009
Public Company Listing
• Listed on NASDAQ BB – GPXM
• Current market capitalization $60 million
• Trades +350,000 shares per day (90 day average)
• Currently applied for senior listing on TSX
• AMEX listing in the next 12 months
• Evaluating European listings
• Strategy of obtaining senior listings will increase accessibility to a broader market of sophisticated investors which will be reflected in the GPXM’s valuation
Conclusion
• Ashdown Mine generating significant revenue while ramping to full-production cash-flow
• Mineral Ridge Mine in development with exploration upside in the near-term.
• Solid pipeline of corporate development projects.
• Highly experienced management and Board of Directors with proven ability to attract top talent.
• Strong Balance Sheet, production income and access to capital to facilitate growth objectives.
Click on link to view the entire presentation:
golden-phoenix.com |
