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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (189)	2/26/1998 12:54:00 PM
From: Baba 2	Read Replies (2) \| Respond to of 285

Richard' Received an E-mail fromRobert Matthews (their IR guy) today. I suggest you get on their e-mail list (norwest@axionet.com). Much of the info. that he relayed is already common knowledge. However we are much closer to installation of the 50 ton/day pilot plant (March 15). It is expected that the stock piled ore represents $2m at 22oz. silver and .12oz gold/ton. Cash flow is expected sometime during the spring. An awful lot of volume (comparitively speaking) has crossed over the past week. Someone is catching onto the undervalued nature of this co. Proceeds from this operation will fund further drilling on site, thereby avoiding further stock dilution. Hope this helps somewhat.