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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: Vince Moretto	4/5/2008 4:01:22 PM
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Here's the estimated cost breakdown of upcoming exploration and development work: Conducting drilling activities for approximately 60,000 feet of drilling (estimated cost of $1,400,000) at Mineral Ridge. Completing ongoing reserve calculations and feasibility work (estimated cost of $400,000) at Mineral Ridge Completing the Company’s portion of 30,000 feet of drilling at Ashdown (estimated cost of $500,000) Completing the development work, engineering and feasibility work on expansion of the Ashdown operations (estimated cost of $1,480,000) vinbobcratchet

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