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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (104)	2/9/2000 7:24:00 AM
From: mikeman	Respond to of 811

Doug-- Bought shares of this stock in 1997 based on e-mail I received that touted the company. So did a lot of other investors. Turned out the e-mail was part of an effort to manipulate the stock's price. A lot of people lost money on this scam. I re-bought shares a few weeks ago @ .15 and sold @ .25 after watching this stock fall from .40 to .25 in about an hour....not sure why it sold off...possibly because those that bought @ .08 decided to take profits which led to a stampede. Bottom line is that this is a very volatile stock so watch it closely. Good luck M-man

To: d:oug who wrote (104)	2/10/2000 12:06:00 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 811

I talked to Mike Fitzsimonds, today. Whitney still has a contract with Golden and they are doing work now.. He said that they would use Whitneys process if it worked on the ore and was cheapest . itronics.com would take about one year to figure it all out. I asked him about cost per oz, if they had a good ball park figure, he said it was like the pipe deposit. he is talking 250 to get a oz. I have two other investments in this kind of deposit, but their cost are more like 190. he was not talking cash flow, he was talking total cost of 250. It's one of the long term gamble things, maybe whitneys process will be the best. I am long term bullish on gold, and if 500 or 600 is ever reality, it should look good then.