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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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To: hubris33 who wrote (618)	6/23/2008 7:55:52 PM
From: PayShhhhence	Read Replies (1) of 811

I THINK the 2nd Q will be similar to the 1st Q...... "I'll settle for some positive cash flow in 2nd Quarter and clear signs that the development work is near completion. Of course and end to the sideways trend of the share price would be nice too, but I won't ask for the world." THIS may NOT be possible due to expanded employees/equipment, and necessary development work. REMEMBER NORMALY THE DEVELOPMENT WORK WOULD HAVE BEEN DONE AND OUT OF THE WAY BEFORE ANY MINING WAS DONE. this was the price we paid to do both simultaneously. "My memory isn't too good at this hour today - do you remember when they had projected to have the development work complete and more feed to the mill? Then there was a plan to double the mill capacity - is that still a reality or do-able for yet this year?" I don't believe there WAS a prediction of WHEN it would be done any more specific than this summer sometime. The plan for doubling the mill capacity at Ashdown has actually not been discussed by company management. The only thing discussed was the expansion of the tailings impoundment. I'm sure it's in the mine plan (long term) BUT we are just now getting to 4 Lot months SO it is a company need that will have to be balanced with the need for a mill at MR. I saw it this way.... Ashdown helps save the company and bring MR into production. MR (inturn) returns the favor and provids the cash flow to really define and expand Ashdown.... both a a moly AND gold mine..... "I think the new management has proven its stripes on this one and with the gold exploration cranked up with the drill rig things should be progressing nicely. I'm kind of surprised we haven't had to fend off a take-over bid from a bigger player now that things are stabilized and on the positive side." THAT would be interesting..... BUT we are TOO small an operation with insufficient amounts of minerals LEGALLY proven up at this time. POTENTIAL yet to be proven..... "Those that can see the value in the plan going forward stand to reap nice rewards when the market plays catch up on this stock!" I AGREE........

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