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

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To: Sinker who wrote (212)3/24/1998 10:14:00 PM
From: Baba 2  Read Replies (1) of 285
 
Sinker, Richard

Spoke to Robert Matthews today and he indicated that w/n two weeks the mill should be operational. Jack Carson is on-site to personally oversee the operations. Once the milling begins cash flow is soon to follow. PHO's take is about 1 million net with the stock piled ore. This will be plowed back into the property in the form of further drilling which should commence 2 to 3 months out. The company is exploring options on additional acreage in and around the Koyote Knolls property. Robert indicated that his role with the company will be expanding further in terms of IR. All in all not new news but the company is progressing and with the strong silver price optimism abounds as they move along....GO PHO
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