$$$ RAKETE MIT KGV VON 0,58 $$$ - 500 Beiträge pro Seite

[mounteverest]

Produktionsstart in der Ashdown-Mine im Sommer 2005

21.07.2005:
Q: When do you expect to start up the Ashdown Mill?
A: Our current schedule calls for the mill to be up and running before the end of summer 2005, subject to permitting and other considerations

Umsatz pro Monat aus der Ashdown-Mine: 5 bis 5,5 millionen Dollar pro Monat

Gewinn: 2,5 mio. bis 3 mio. Dollar pro Monat

Das ergibt ein KGV von 0,58


Reclamation work at Ashdown

MK derzeit nur 17 mio. Dollar

Kursziel 2,40 Dollar



Da bildet sich ein hübsches W

Der President (Bob Moriarty) von http://www.321gold.com hat am 04.06.05 gesagt, dass GPXM Ten-Bagger-Potential (1000%) hat:

321gold (Bob Moriarty) comments on Golden Phoenix Minerals

(GPXM shareholders: I thought you`d find these comments of interest. You can read the entire column at http://www.321gold.com)

Bob Moriarty, President
321gold
June 4, 2005

" I suspect the kicker which gets all the moly companies moving will be when a junior actually takes advantage of the giant rise in moly prices over the last 18 months. It looks to me as if the project which will provide the flame will be the Ashdown project of Golden Phoenix Minerals. (GPXM-OTCBB $.205, 140 million shares fully diluted, website).

GPXM has had some serious management problems over the past few years which drove the shares down to $.09 about two months ago. They seem to be under control with new management taking over and they have accomplished full funding for the project which contains rock with grades up to 7% moly or about $4000 per ton rock. Permitting and construction is taking place as I write with estimates of production starting as early as August. The company has an absurd number of shares outstanding but back of the envelope projections show a guesstimate of $30-$50 million dollars revenue for their 60% of the project yearly. The stock has easy 10-bagger potential and soon."

Das derzeitige Kursniveau ist lächerlich. Strong Buy zwischen 0,12$ und 0,14$!

[mounteverest]

http://www.golden-phoenix.com

WKN 909038

[Bobby182]

keine Umsätze

[mounteverest]

Umsätze Frankfurt:


Umsätze OTCBB:

[XTrack]

In trockenen Tüchern ist das noch lange nicht:

Zitat aus den News vom 15. Juni "Golden Phoenix Minerals Receives Three Permits for Its Ashdown Molybdenum Mine and Mill"

With these approvals in hand, and a small group of secondary permits pending, there remain two broad-scope permits central to the start of full operations: A Water Pollution Control Permit for the mill, issued by the NDEP; and a Plan of Operations for the mine, administered by the Bureau of Land Management. Both submittals have been in process since September 2004. Each involves comprehensive review-and-revision followed by a public comment procedure. For this reason, it is Company policy to refrain from forecasting anticipated dates-of-receipt. Staff members maintain on-going contact with the agency specialists to facilitate and expedite their review.

Wenn die Behörde schon fast ein Jahr daran rumdoktort, scheint es eindeutige Probleme zu geben!

[mounteverest]

Das war vor über einem Monat. seit dem ist alles in trockenen Tüchern:

The Ashdown Permit Process
July 27, 2005

Overview

The process of bringing a mine on-line in Nevada involves a number of agencies: local, state and federal. Each agency is guided by regulations, statutes and legislated mandates designed to ensure that the public interest is considered when approving the start up of a mine. The principal areas of control involve environmental preservation, human safety, impact to flora and fauna, disturbance of historic and archeological sites, water and air quality, noise abatement, and reclamation. In addition, issues concerning industrial use of public roads, and questions of right-of-ways and easements for access of equipment, power and water must be addressed. Years of legislation, driven by public opinion and special interest group lobbying, has resulted in a complex mix of regulatory authorities governing the mining industry.

Because this array of statues and regulations evolved over time and employ a number of public agencies serving different political jurisdictions, it falls to the mining company to assist the regulators in coordinating the effort of meeting the letter of the law. Each mine is unique, and therefore each process to permit that mine into compliance is unique. On top of this fact, it is not uncommon for the regulators, specialists and department personnel within each governing agency to possess a degree of interpretive authority regarding the implementation of their particular set of statutes and regulations.

As a result, the permitting process is subject to a number of permutations, which can change as the process evolves. A general pathway can be mapped, but the actual implementation leading to definitive time schedules and date-of-receipt for permits, cannot. This means that mining companies are not able to precisely forecast the milestones for a mine’s development, and therefore must allocate sufficient resources to provide a financial and time cushion. In effect, the mining company is in a kind of partnership with those public agencies tasked with modulating their activities, and this partnership cannot be driven any faster than the slowest element in the chain of authority.

Two Key Permits for Ashdown

In the case of Ashdown, there are two principal permits involved in bringing its molybdenite mineralization into commercial production: A Plan of Operations for the mine operation, and a Water Pollution Control Permit for the mill facility. Because the mill facility is situated on private land and the mine is on public land, these two over-arching permits follow parallel, but separate, tracks. They interact at certain points, but for the most part are self-contained, and governed by two completely different sets of regulations.

Plan Of Operations

The controlling permit for the Ashdown Mine is the Plan of Operations (or POO), which falls under the jurisdiction of the Bureau of Land Management (BLM), a federal agency with a district office in Winnemucca, about 150 miles south of the Ashdown mine. The POO is an all-encompassing document, which attempts to define the mine from inception to closure, including final reclamation. Because of its broad scope, the POO comprises many individual steps and permits, and is read and reviewed by a number of agency specialists, including biologists, archeologists, geologists, and legal, regulatory and operational experts. A POO will go through several iterations as it unfolds, and may occasionally take an unexpected detour as facts specific to each project are revealed. Depending on the scope of the mine project, it is not uncommon for an Environmental Impact Statement (EIS) to be required, which is a multi-step process in and of itself. In other instances, an Environmental Assessment (EA) may be deemed more appropriate for the scale of the proposed project. An EA covers the same scope of concerns as a full EIS, but in a more streamlined document.

The regulations require the BLM to provide some of the analytical work needed to prepare the POO. However, the reality is that all government agencies have limited resources, and it generally behooves the mining company to assist the BLM by having third-party consultants prepare certain key elements of the documentation, thereby expediting the process.

Golden Phoenix started preparing the POO for Ashdown in September of 2004. It began as an open pit gold/moly mine with a mill facility on a private parcel of land requiring a full EIS and a minimum 24 months to be processed and approved. In March of 2005 it was determined that the permitting process for the open pit be suspended in favor of a more surgical approach to the extraction of the Moly resources utilizing an underground mining method. This change in strategy came as GPXM began its corporate restructuring and the Moly at Ashdown became the primary focus of the Company. Private land was again identified as the best way to expedite the mill permitting process. During the course of the Ashdown Mine design and permitting process, the location of the private land to be used for the mill site has changed twice as better opportunities were identified. The current Morris Millsite has cut the haulage distance from 12 miles to 1.5, avoids sensitive surface waters, and is located on a very stable substrate that provides superior support for the operating millworks.

As a result of the greatly reduced surface disturbance, the BLM has determined that an EA will address the various public concerns adequately. Golden Phoenix has retained a private consulting firm, RTR Resource Management, to complete the EA document for the BLM. After a review and comment period, the BLM will submit the EA to the Environmental Protection Agency as required by the National Environmental Protection Act (NEPA). Once accepted by the EPA, the way is cleared for the POO to receive final approval and a Decision Record to be filed that allows full-scale operations to begin.

Concurrently with the POO process, Golden Phoenix has been working with the State and Federal agencies to advance certain aspects of the project, as the regulations will allow. The concept here is that various aspects of the development work can be accommodated under regulations that are separate from the POO process. Because the Company has been actively engaged in reclamation of the property since entering into the JV agreement with Win-Eldrich in the spring of 2004, we have successfully reduced the total disturbance at the minesite to 4.2 acres. Ongoing efforts will further drop this amount to fewer than 3.0 acres.

This extremely small footprint qualifies parts of our work at the site as permittable under a Notice of Intent (NOI). While NOI activities do not allow for full-scale mining, they do allow for bulk metallurgical samples of mineralized materials to be obtained for testing. Golden Phoenix is currently rehabbing the portal area under an NOI. We currently have a second amendment to the original NOI that will allow 1000 tons of mineralized material to be removed and tested. During the course of this work, we will be stockpiling materials that are earmarked for the final reclamation at closure, and developing underground access to the high-grade Sylvia Chute.

Water Pollution Control Permit

The controlling permit for the Ashdown Mill (aka the Morris Mill) is the Water Pollution Control Permit (WPCP), under the jurisdiction of the Nevada Division of Environmental Protection (NDEP), a State agency with offices in Carson City. Like the POO, the WPCP is comprised of many parts involving a number of different specialties. NDEP is charged with safeguarding the waters of the State of Nevada on both Federal and private lands. The WPCP is centrally concerned with the question of how a proposed operation may affect water quality. Stringent parameters are established by statute within which Golden Phoenix must operate. This insures that the shared water resource, including surface and ground waters, is protected from contamination, diversion or waste.

In the case of Ashdown, the Company had completed the WPCP for a 6-acre pilot mill site in March of 2005. However, the restricted size of the property along with other extenuating circumstances compelled the Company to seek an alternate mill site, one large enough to allow for long-term operations. A 20-acre site was located and secured in April of 2005. It was closer to the mine, larger, flatter, and generally well suited to an on-going milling operation. It’s greater size allowed for a larger tailings impoundment, which in turn helped to qualify it for small–scale status. This enabled Golden Phoenix to apply for a 120,000 ton milling permit, to replace the original 10,000-ton pilot permit. In short, relocation of the mill site opened the door for a full-scale operation to be designed and built, and has trimmed both time and money from the original two-phased plan by combining them into one. The price for this strategic modification is the resetting of the clock for approval of the WPCP. Since the POO is also still the “rate limiting step” in the overall process, there has been no loss of time with respect to the commencement of full-scale mining as a result of these actions, and the Company finds itself in a superior position moving forward.

Golden Phoenix is arranging to break ground and pour the slab and footings for the building that will house the millworks in the near term. Under the regulations, it can do this work prior to receipt of the WPCP from NDEP. The Company is also seeking confirmation to allow the digging of the tailings impoundment. Since the new application is essentially identical to the one approved in March, Company staff are working closely with NDEP to expedite the processing of the new WPCP application. It is hoped to further trim the timeline for full construction to commence, while preparation for permission to extract and process a 1000-ton bulk metallurgical sample. Depending on the flow of approvals, various scenarios can result. One possibility is that the Company will have final approval of the WPCP and will have completed construction of the mill prior to the POO being approved by BLM, leading to full-scale mining.

Additional Permits and Approvals

In addition to the POO and the WPCP, there are a number of other regulatory hurdles to surmount. Please click on the link below for a list of requirements involved in completing the Ashdown Mine. This list is presented for general informational purposes, and should not be considered definitive or final. A red check mark appears before those permits that have been issued to Golden Phoenix as of the date on the Table.

[mounteverest]

Ashdown Molybdenum Mine Plan of Operations Available

The Bureau of Land Management (BLM) Winnemucca Field Office announces the availability for review of a plan of operations proposed by Golden Phoenix Minerals, Inc. The Project Area is located on the west flank of the Pine Forest Range ten miles southwest of Denio Junction in Humboldt County, Nevada. Golden Phoenix Minerals has proposed to reopen the Sylvia Decline that was mined for molybdenum by American Copper and Nickel in the late 1970’s. The proposal would remove up to 120,000 tons of molybdenum bearing ore hosted within a quartz vein and 20,000 tons of waste rock by conventional underground techniques. The ore would be hauled approximately two miles to the west of the mine and processed in a flotation mill to be located on private land. The mill facility would be permitted through the Nevada Division of Environmental Protection. Surface disturbance related to the project would be up to approximately 35 acres on both public and private land. Final reclamation of the project would be completed by the end of 2009. A financial guarantee would be required for the final reclamation of the mine and mill before the start of operations. The most common use of molybdenum is as an additive to strengthen steel.

The plan of operations is available for review at the BLM Winnemucca Field Office, 5100 E. Winnemucca Blvd., Winnemucca NV 89445. The public is invited to submit comments on the proposal through July 26, 2005.

In the near future the BLM will prepare an environmental assessment (EA) for this project. Anyone wishing to receive a copy of the EA should submit a written request to the BLM Winnemucca Field Office, Attn: Ashdown Project. For further information or comment, please contact Scott Richey, Surface Protection Specialist, at 775-623-1525 or Lynn Harrison, Planning & Environmental Coordinator, at 775-623-1568.

[hunnifunny]

hast ja recht - gerade für 11c eine erste Pos
ins Depot gelegt....

[ichwillsjetztwissen]

[posting]17.423.238 von mounteverest am 02.08.05 14:36:36[/posting]Ich hab die eingestellten Texte mal quergelesen, aber nichts über die Erteilung der Genehmigungen gefunden.

The plan of operations is available for review at the BLM Winnemucca Field Office, 5100 E. Winnemucca Blvd., Winnemucca NV 89445. The public is invited to submit comments on the proposal through July 26, 2005

Heißt für micht, dass noch geprüft wird.

[mounteverest]

Ashdown Moly Gets Test Milled

July 28, 2005

Last month, Win-Eldrich Mines, our joint venture partner at the Ashdown Mine, trucked 2200 tons of stockpiled molybndenum material to a mill facility located 45 miles outside of Butte, Montana. Earl Harrison was invited to visit the milling operation and spent the better part of a week observing and assisting the mill set-up. These are the first photos of the molybdenite concentrates being produced.


Rougher Cells and Moly "Cons"

The mill, which was brought out of lay-up for this project, continues to undergo adjustment in order to maximize molybdenite recovery and generate a marketable product that meets minimum purity requirements. Reports indicate that a marketable concentrate is being achieved. On-going processing is expected to continue through August.

These “cons” and their "tails" will be assayed to determine purity and recovery percentages. Through the invitation of Win-Eldrich to participate, Golden Phoenix has gained critical knowledge of the material and how to best handle it in its Ashdown Mill facility.


Mill facility showing flotation cells and ball mill

[mounteverest]

Chat Shack

We invite you to submit brief questions concerning our projects and activities. If your question is of broad significance and has not already been addressed, it may appear in the section below, along with the answer. Questions are updated periodically. We reserve the right to select which questions to use, and edit them for space considerations.

Have a Question? - Ask Us



Recent Questions

July 21, 2005

Q: In the future, would it be possible to post a date on the Questions and Answers in this section in order to make it easier to follow?

A: Happy to oblige.

Q: It was announced several months ago that construction was beginning on the Ashdown Mill? What is the status of construction?

A: In order to build and operate a mill on the 20-acre mill site, the Company must have a county building permit and a Water Pollution Control (WPC) Permit issued by the Nevada Division of Environmental Protection (NDEP), plus corollary permits, inspections and approvals. In May, the Company received its building permit from Humboldt County and a short time later got permission from NDEP to move equipment onto the site. The Company submitted documentation to demonstrate that (a) the foundation and building which will house the mill is permitted to remain on the property for use by the landowner after the mill has been shut down and removed, and (b) therefore, the foundation and building are not an “integral part” of the mill itself, but simply the place where the mill will be situated. This documentation was submitted with the understanding that the Company should be allowed to pour the foundation and erect the building as non-intergral components, in advance of receiving its WPC Permit. Agency response was favorable to this approach and it was stipulated that the Company post all necessary bonds. The bonds were posted in June, as requested. However, just before foundation work was to begin, an internal NDEP review resulted in reinterpretation of the regulations designating the foundation and building “integral” to the mill. As a result, pouring of the foundation was suspended pending the Company’s subsequent request to allow the work to proceed. While the issue is being resolved, equipment continues to be moved to the site, and advance preparations are being made so that once approval is granted, whether before or after the WPC Permit is issued, mill construction can proceed quickly.



Q: When will the annual stockholders meeting take place?

A: No date has yet to be scheduled for the Annual Stockholders Meeting. The Company has determined that before the Meeting is called, progress on corporate restructuring, refinance, and mining initiatives shall have advanced further. Until then, shareholders are encouraged to contact the Company directly with requests for information.

Q: Can you please explain more about the Ashdown mine versus mill property; how they are related and how they are not?

A: The two properties are not legally tied to each other. One is public, the other private. The Ashdown Mine is comprised of 101 mining claims held by Win-Eldrich Mines, Ltd., our joint venture partner. The claims cover approximately 2,000 acres of public lands on Mahogany Mountain in the Pine Forest Range of northwestern Nevada. The Bureau of Land Management (BLM) is the federal agency charged with the administration of these lands, and therefore guides much of the permitting associated with the mine. The Ashdown Mill, which will process the ores produced from the mine, is slated to be built on a 20-acre parcel of private land, which lies about one mile southwest of the claim group. This parcel is owned by Mr. Morris, who leased it to Golden Phoenix for the purpose of siting the mill. The land is level and large enough to allow for the construction of a tailings impoundment sized to support a “small scale” mill operation. Reference has been made to the Ashdown “project” and the Ashdown “property” interchangeably. Both terms refer to the package of lands, claims and permits that make up the producing mine and mill complex.

Q: I was under the impression that work was going on at the Ashdown mill site (concrete pouring, building set up, mill assembly, etc). Can you clarify this?

A: To date, construction has not been fully authorized to begin at the Ashdown mill site. The Company has been issued a building permit from the Humboldt County Building Department, permitting the construction of the 100-ton mill facility. However, before proceeding with construction, Golden Phoenix is awaiting follow-on approvals from the Nevada Division of Environmental Protection (NDEP) and Bureau of Land Management (BLM). There exists some degree of latitude in this regulatory process, and a final determination is still in process. The Company continues to work with the agencies to clarify which steps, if any, can be taken to advance the mill while ancillary permits are being processed. The Company is prepared to commence construction immediately upon receipt of authorization. Shareholders will be notified by public announcement as soon as authorization is final.

Q: What are the details of the financing for the mill, announced in May?

A: The mill financing, announced in a past news release, is still in process. Once it is completed, a Form 8-K will be filed reporting all material details.

Q: Ashdown contains both gold and moly mineralization. Can you clarify the physical relationship between the gold and the moly?

A. From the available data, it appears that the gold mineralization at Ashdown occurs separately from the moly mineralization. The deposits are separated into two distinct veins with the moly vein (Sylvia) underlying the gold vein. The moly occurs in quartz veins that are not oxidized, and contains molybdenite, pyrite and chalcopyrite (copper). The gold occurs in quartz veins that are oxidized, i.e. contains no sulfides, with a brown limonite residue remaining. Historically, gold has been found in the upper reaches of the mine (Level 10), with the moly occurring below the gold (in and around the Sylvia fault). While it is possible that moly and gold may be co-mingled in sections of the geologic envelope, to date there is no evidence that the two metals occur together in commercial quantities. Past data collected at Ashdown regarding gold mineralization is being analyzed. During the course of moly mining, Golden Phoenix will explore for additional moly deposits and analyze any promising gold mineralization that may be encountered. For the present, Golden Phoenix is preparing to mine and process molybdenite and defer development of a gold processing circuit. Gold ore, if encountered, can be stockpiled for future use.

Q: What are the estimated monthly production numbers for moly once Ashdown is up and running?

A: [Note: The following figures are theoretical and for illustration purposes only. Actual figures can be expected to vary, and readers are advised not to rely on these projections for investment purposes. Please refer to Forward-Looking Statements in Spotlight.]

To answer this question, it is first necessary to establish a set of assumptions:

The Ashdown mill is presently planned to a design capacity of 100-tons per day.
The mill will be set up to produce molybdenite concentrates.
Daily molybdenite production will vary with ore grade, production levels, processing factors, equipment performance and maintenance requirements.
Applying an 85% recovery-efficiency factor (based on previous metallurgical testing) moly ore averaging 5% grade should yield approximately 85 pounds of molybdenite per ton or 8,500 pounds per 24-hour day of continuous operation.
The mill is estimated to operate 25 days per month, allowing for both scheduled and unscheduled maintenance.
The known grade variance occurring within the Sylvia structure ranges from 0.25% to 15% based on past sampling. Over the bulk of the 21,500 tons that are estimated to comprise the targeted Sylvia ore chute, statistical modeling indicates an average grade of approximately 8% (undiluted). Within this envelope, actual grades may vary widely.
Applying a 37.5% dilution factor (which can be expected to occur during extraction of the ore material) will yield a probable mill feed grade averaging 5% moly.
Given these assumptions, the theoretical monthly production of concentrates would equal 212,500 pounds of saleable product.

Q: Does the current private financing arrangement for the mining operations contain penalties for not making a payment on-time?

A: Please refer to the two-page loan agreement which is produced in its entirety in the Form 8-K filed on May 16, 2005. There are no other governing documents associated with this loan.

Q: How many ounces of gold are currently being produced at Mineral Ridge?
A: During the first five months of 2005, Mineral Ridge produced 966.37 ounces of gold and 627.48 ounces of silver.

Q: When do you expect to start up the Ashdown Mill?
A: Our current schedule calls for the mill to be up and running before the end of summer 2005, subject to permitting and other considerations.

Q: Are investors welcome to visit the Company headquarters in Sparks?
A: Yes, we appreciate meeting our owners in person, and suggest you call in advance to arrange a visit.

Q: With the recent announcement by Win-Eldrich that they will be removing and processing the molybdenite stockpiles at Ashdown, what does this mean in terms of the on-going relationship between the two joint-venture partners?

A: Golden Phoenix has informed Win-Eldrich that while the two companies do not agree on the question of whether the stockpiles are part of the joint-venture, there is no disagreement as to the actual removal and processing of the material. Golden Phoenix considers Win-Eldrich a valuable and respected partner, and the working relationship between the partners` officers and project managers remains positive and sincere. The issue of how the proceeds from the sale of the stockpile concentrates will be divided has been reserved for a future time, and Golden Phoenix fully expects the question to be resolved in a friendly and businesslike manner, without recourse to formal means whatsoever.

Q: Originally, there was discussion of a 750-ton mill for Ashdown. With the permitting moving forward on the 100-ton small scale mill, what has become of the larger mill?

A: Early on in the development process, some consideration was given to the possibility of open pit mining at Ashdown. But with completion of further analysis, it is currently the decision of Golden Phoenix to concentrate on underground mining for both molybdenite and potentially for gold. This decision was a result of numerous factors, including the nature and size of the deposits and the lengthy and exhaustive permitting process that an open pit would involve. By concentrating on low-impact underground mining, and utilizing the advantages of the extraordinarily high-grade moly mineralization, Golden Phoenx now believes that its 100-ton mill capacity will be more than adequate for the foreseeable future. The mill facility`s layout will allow for the addition of a second processing circuit, if and when the time comes.

[SOM.you.]

Interessant.

Habe mal ne erste Position mit 17 k gekauft.

SOM

[ichwillsjetztwissen]

Bitte korrigiert mich aber:
- Die Baugenehmigung ist noch in der Schwebe
- Die Finanzierung der Mühle ist noch nicht abgeschlossen
- Es stehen noch erforderliche Genehmigungen aus

Bißchen viele Unbekannte, spiegelt sich auch irgendwie im Kurs wieder, wenn man bedenkt, dass in naher Zukunft produziert werden soll.

[mounteverest]

@ichwillsjetztwissen

die Finanzierung ist gesichert. Du bist nicht auf dem laufendem

Aus Ragingbull:
By: oilslick9
29 Jul 2005, 03:33 PM EDT
Msg. 20275 of 20275

Facts
We have a fully permitted gold mine called mineral ridge.
Gold is going up.
We have 60% of one of the richest moly veins on earth called Ashdown.
Ashdown also has gold.
This is on 1 acre out of 2000 acres who knows what our exploration potential is here.
We have financing to get us to production.
Where are you going to find a .13 stock with this potential?
Don`t get me wrong I`ve lost a bundle screwing around here
but I have made the decision to either go down with the ship
or fly with the phoenix. Good luck to everyone here. When we hit a dollar I think theres a party at coffees place.

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

[SOM.you.]

Ja, das ist noch nicht alles durch.
Die Finanzierung müsste aber stehen.



Friday, July 15, 2005

Golden Phoenix Minerals Enters into Common Stock Purchase Agreement for up to $6.2 Million Standby Equity Funding



SOM

[mounteverest]

Our Newest 100-ton Mill

Last month, Golden Phoenix was granted title to the Bullion Monarch floatation mill, located near Austin, Nevada. The mill was part of a reclamation effort undertaken by the Bureau of Land Management (BLM). In exchange for the labor to remove the mill and its building, Golden Phoenix has been granted ownership of the equipment for use at its mining projects.


Salvaging the Joists and Rafters

The mill was formerly a fully operational flotation facility used primarily for gold recovery. The operator abandoned the site a number of years ago, without having posted any reclamation bonds. The cost and responsibility to remediate the site has fallen to the BLM, and Golden Phoenix has agreed to assist by absorbing the costs to disassemble the mill building and remove the equipment in exchange for the equipment itself. This type of floatation mill is ideal for molybdenite concentrates, gold, silver, plus a number of other mineral applications.

Earl Harrison, Manager of Mines for the Company, has inspected the equipment and found it to be in excellent condition. This is evidenced by the low-wear condition of the drive mechanism for the ball mill in the photos to the right. The mill was designed to process 100 tons of ore per day. It contains equipment of potential use to Golden Phoenix in its Ashdown project as well as at Mineral Ridge.

Disassembly of the building is nearly complete, and much of the equipment has been moved to the Ashdown mill site near Denio, Nevada. The pictures seen here show some of the equipment and general layout before and during disassembly.

[SOM.you.]

RE:

die Mine könnt m.E. nach Kurzfristig in Betrieb gehen.

http://www.golden-phoenix.com/ashdown.htm

die Vorher nachher Bilder sind beeindruckend.

Ende dieser Woche soll der Stromanschluss eingebaut werden !

Harney Electric has been contracted to bring 3-phase power to the mine, and should be completed within one week

@mounte
wie kommste denn auf die 2,5 - 3 Mio US$ Gewinn pro Monat ?

SOM

[mounteverest]

@SOM

siehe #33
http://www.wallstreet-online.de/si/community/board/search.ph…

[mounteverest]

sorry, meinte Posting 32

[SOM.you.]

RE: Mounte

das Ding ist interessant, wobei ich diese Schätzung nicht nachvollziehen kann.
Man muss ja auch etwas an Win-Eldrich abgeben.

Trotzdem kann nach 6 Monatiger Vollastproduktion hier eine Explosion eintreten

SOM

[mounteverest]

@SOM

Vom 03.05.2005:

GPXM - Your cash flow numbers are a bit high, but your earnings look about right. This is based upon feedback I had with GPXM IR dept (spoke w/CFO on 4/20). Based upon Moly in the low 30`s he was saying that cash flow would be about 5 to 5.5 mil per month and GXPM`s share earnings wise would 2.5 to 3 mil profit per month. JV partner is responsible for all royalties so their net effective ownership is closer to 75% vs the 60% often cited. Agree it does look too good to be true. I`m bothered that insiders don`t own more considering what`s on paper. I`m guessing it still trades at a discount since production was promised as early as Dec 2004 last year so we`ve had some delays. Not to mention the company needs this mine just to survive (imho). Per IR they`re cash flow positive now, but unless they get this mine into production soon I may start to question their continued existance. The other major reason is of course moly prices. How long will they stay at these levels? I agree this stock could trade up to $2+, but we`d need at least 3-6 months of full production at these moly prices to get there. Maybe longer, maybe a bit shorted. All depends on sentiment of course. My basis is around .14, but I have plenty (more than CFO), so I won`t be buying more till production news.

FWIW, they`re also looking to renegociate their Contract property debt w/their JV partner. This could also be a ST catalyst going forward. Not as much as Ashdown, but it could help the stock pop anywhere from .03 to as much as .10 imho one-time basis.

Today`s % move combined with the volume today is encouraging. Still only about 2% of my overall portfolio though.

Das sind schon die 60%