GOLDEN PHOENIX MINERALS, GPXM Message Board

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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: PayShhhhence who wrote (632)	8/23/2008 1:53:26 PM
From: hubris33	Read Replies (2) of 811

Well.. like it or NOT that is the way it's SOLD. They truck away the moly by shipment.... called a Lot. Male Bovine solid-waste product! I think you are confusing SHIPPING METHODS with the most important part POUNDS OF MOLY = MONEY! Moly is priced and sold in POUNDS. Plain and simple. It is not sold in lots! It is shipped in lots but the money is paid based on the POUNDS OF MOLY - NOT LOTS!!! Don't confuse the two. The dollar value is based on the number of POUNDS OF MOLY in each shipment regardless of how those POUNDS are shipped. Each shipment could be in super sacks, roll-off containers or in Triaxle Dump trucks. Any of these methods would be acceptable ways to ship the Moly - it doesn't have to be super sacks. Bottom Line: it would not matter - the company would still receive payment based on the POUNDS OF MOLY in the shipment not on a "lot." GPXM should report its production just like the big boys do. It sure looks like GPXM does not want to be take seriously because of their non standard reporting? Wait till GPXM gets to Gold production - Will it be acceptable to you if they report that they shipped a "lot" of gold? All of your calculations are nice but the problem is; through out those calculations you have to say "approximately!" You don't know for certain how many POUNDS of concentrate or POUNDS OF MOLY one is talking about. But answer me this - Why do you need those calculations if as you say at lot "is the way it's SOLD???" GPXM should just report the dollar figure per each lot! But wait! Isn't the sales contract between GPXM and the vendor in POUNDS OF MOLY!? But wait! We don't know the EXACT POUNDS OF MOLY because we only know approximate amounts of pounds of concentrate and approximate pounds in each supersack and approximate concentration in each lot. So the real measure of money POUNDS OF MOLY can only be approximated! Why is that? Does GPXM get paid in "approximate" dollars or do they want exact payment based on the exact amount of moly they shipped? What is GPXM they hiding by not giving exact numbers? I can't figure out why you or anyone else would be satisfied with what appears to be some of the worst reporting in the industry? Maybe the problem is that those fancy "high level" engineers don't have the exact production data they need, or have no idea how to do a system mass-balance in order to know how many pounds of moly they ship with each lot? I am beginning to suspect that the reason they don't release better information is that they don't have it. Shoot GPXM could hire a junior engineering student to calculate a system mass balance and report standard production data like their competitors do. It would probably only cost them $15 per hour for a few hours a week - and some kid would get a great addition to his/her resume. It sure looks to me like GPXM has something to hide or isn't competent enough to calculate the the figures. That is if they have the data to provide. H3

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