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


To: yard_man who wrote (518)5/9/2007 10:57:20 AM
From: terry101  Read Replies (1) | Respond to of 811
 
I agree Pog! I was going to hold until it hit $1.20 but I think I'll wait until we find out more about additional reserves. The potential of proving up larger reserves is substantial.

That would change the public opinion view of this as a high grade but limited mine. Even some actual results, with added potential, will do it. Depending on the improved reserves, that could push it to the $7-10 range.

It's worth the wait to me because I don't see this going backwards with the increasing production.

Terry



To: yard_man who wrote (518)5/13/2007 6:58:10 PM
From: pogbull  Read Replies (1) | Respond to of 811
 
From Belgie24 over on IHub:

The WEX website was actually updated Friday, May 11th. There are some clues there about shipments, mill rates etc. Here's some of it:

» Sale of the first molybdenum concentrates from the Ashdown Project LLC occurred in late December, 2006. Through early May, 2007, the LLC has shipped nearly 300,000 pounds of concentrate containing nearly 150,000 pounds of elemental molybdenum.

» During April the LLC milled about 2001 tons, which is 67% of rated capacity and about 75% of average projected capacity. We expect to reach full capacity (100 tons per day) by the end of the 2nd quarter, 2007.

win-eldrich.com

investorshub.com