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

To: Postman who wrote (493)	2/24/2007 12:34:30 PM
From: Vince Moretto	Read Replies (2) \| Respond to of 811

Postman, I can't honestly say that I have a specific price target, my targets are more related to development of the properties. I'm a long term investor here, been in since 2000, basically because I believe in the development potential of the properties, and look at the Phoenix as an opportunity to make an early investment in a legitimate growing concern. Resource investors are interested in resources. As they ramp up production, cashflow will allow them to pay off the shylocks, expand their reserves, and put additional properties into production. I believe there is substantial potential to expand their resource base. That being said, if these things are accomplished I have no reason to doubt a double each year over the next 2 years. If they have their priorities straight we should have sufficient cashflow to accomplish all of these things over the next year. I would estimate that cashflow from Ashdown could exceed 35 million US dollars annually, once they maximize their recoveries and production level...roughly 150 million shares outstanding with the Phoenix. What's the story on WRI? Have you ever rang twice and climbed on a breadboard with Jessica Lange? Enviousvin