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Gold/Mining/Energy : The Molybdenum Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: rnsmth who wrote (1736)	2/24/2006 9:16:52 AM
From: pogbull	Respond to of 3267

I second that!!!

To: rnsmth who wrote (1736)	3/1/2006 7:05:17 PM
From: pogbull	Read Replies (3) \| Respond to of 3267

Jay Taylor update on GPXM. GOLDEN PHOENIX MINERALS (OTCBB-GPXM-$0.33) - I spoke to Rob Martin of Golden Phoenix on February 24 to see if there was something happening to drive the stock higher in the last few days. Rob said other than the fact that the company is moving inexorably toward the high-grade molybdenum zone on its property he doesn't know of anything definite that could have accounted for the recent rise in GPXM. However, he did note that their equity line of credit, which the company has secured as a backup facility, has now been put in place, thus assuring funding will be available to commence molybdenum production. Secondly, it is my understanding that a renowned molybdenum metallurgist reviewed the company's project and metallurgical process, and as I understand it, he was quite excited about the project's prospects. I hope to have more to tell you in the near term about the molybdenum project. My own thinking is that, given the lack of success the prior management had in getting things done, the market may be severely short selling this company's prospects now that it has a new management team. If the market believed that this company's Ashdown Project was the kind of success I believe it can become, there is no way this is not a $3 to $5 stock. Management is too smart to name a definite date for production, because Murphy's Law always applies, especially to mining. But once it is in production, the naysayers will have to cover their shorts and that could make for a very explosive rise in the price of GPXM. I would suggest you go to the company's Web site for some pictures that demonstrate progress on both mine and mill construction. My own belief is that we could see some moly production by early spring. Time will tell.