Phoenix Gold Resources (V.PHO) Message Board

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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: virginijus poshkus who wrote (198)	3/3/1998 8:55:00 AM
From: Richard Mazzarella	Read Replies (2) of 285

Vargas, I liked hearing about the increased project interest. The limitations on project size share had me concerned before this announcement. I like the grading numbers and hope they hold. However, the thing that impresses me the most is the company's effort to early production. That may provide the economic resources to continue to enhance company value while minimizing dilution. Almost all small exploration companies are dead meat in the current precious metal market. The ability to internally fund through mining is a significant positive for PHO. IMO PHO is extremely undervalued.

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