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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM
GPXM 0.00010000.0%Oct 31 9:30 AM EST
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To: LoneClone who wrote (779)10/28/2011 11:40:39 AM
From: PayShhhhence  Read Replies (1) of 811
 
WHAT can one say?

The big picture is NOT in focus.........

All I can figure is that they will serve up ALL interest in MR and it's surrounding properties(Coyote/Vanderbuilt) for a secure source of income to advance its other properties...... trading one mine for another(in Panama)

An open pit scenario at MR will force all current infrastructure OFF the top of the mountain. THAT eliminates Coyote as an independant mine which it was never going to be anyway. Vanderbuilt is at the bottom of the hill, so it would have made sense to KEEP Vanderbuilt, HOWEVER the company is NOT throwing its limited resources in THAT direction and is NOT adding value to Coyote or any of its OTHER properties.

SO...HOW does one attract a JV partner IF one doesn't have the goods? NO legal bankable feasibility type proof? The answer is they DON'T.....

There simply is NOT enough information out there on the OTHER properties to make one feel comfortable.

The so-called Royalty model appears to be muddled.....

We DON'T know who our partner in Panama will be.

AT THIS TIME IN HISTORY I'd have thought we would have AVOIDED additional international risk and stayed with properties in the US and Canada.

Finally it's a LOCK that sometime in the companies future they will do a reverse split or merger of some sort.

.32 can't come fast enough.

BOUGHT shares in SCRCF today.... finally.

ALL future investment in MR is NOW going to be though Scorpio......

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