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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: LoneClone6/2/2010 4:52:33 PM
   of 811
 
From Investors Hub:

Posted by: Belgie24
Date: Wednesday, June 02, 2010 3:24:21 PM

Spoke on the phone with Jag Sandhu, PR for Scorpio Gold. Questioned him on whether there is some delay in Mineral Ridge ramp or resource estimate release. His comments: resource estimate will be released in 1-2 weeks, Mineral Ridge schedule is unchanged, start-up by year end or early next yr. Scorpio is well financed and 75-80% institutional ownership, and have proven mining people in charge. Leach pad is the way they are going, recrushing ore to proper size will work, not looking at vat leach at this time. Rehab of equipment is ongoing, there are 30 people working at Mineral Ridge.

Take this information for what it is worth, this person told me the resource estimate would be out in 2-3 weeks in late March. I did get the feeling that he could care less for Golden Phoenix shareholders. I could tell he wasn't really happy when I implied that certain people were saying there was no activity at MR except for a watchman and 1 electrician LOL.

My feeling is they are parading analysts and institutions through Mineral Ridge, and allowing them to load up on Scorpio Gold stock, then there will be official analyst coverage to pump the price once the resource estimate comes out. This should eventually benefit GPXM and their 7.8 million shares of SGN.V.
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