Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pogbull who wrote (455)	11/12/2006 10:27:14 PM
From: pogbull	Read Replies (1) \| Respond to of 811

By: c0ach247 12 Nov 2006, 06:45 PM EST Msg. 37417 of 37417 Jump to msg. # I spoke with Rob Martin late last week for some production notes. As it stands now, GPXM is producing concentrate, but it is not up to the minimum standards for grade or purity as per their delivery contract. That will take time and testing to get it right. Now I suppose there is some value to the current production batch to sell somewhere else for a lower value, but the point is they will have to continue the fine tuning of the entire process in order to get the salealbe product they need. And once they have hat process worked out, they can run the current production again to get it up to spec. So I think the company is doing the right thing, and we just have to wait it out while they sort all of this out. They are stockpiling ore right now as they are only running limited batches through the mill. They may also be able to generate some recovery of copper concentrates that could also be a net credit to the operating costs, as part of the metallurgical fine tuning. Overall, things are going exactly as I want to see. The underground development has been successful, and the occupancy permit was cleared. Now they have a bit more work to do at the mill, and thereafter the cash should start rolling in. Every new production operation goes through a learning curve. Even the other companies that are so frequently mentioned here will also have to face a hurdle or two along the way. I do think GPXM will be successful, and I think the revenues that they post will surprise the market so there is a lot more upside yet to come, and that is why I am still buying more shares. cheers! COACH247