GOLDEN PHOENIX MINERALS (GPXM)

[ItsAllCyclical]

They've been saying it'll be resolved in the next few months for well over a year now. Fact is there's nothing in the agreement which specifies a maximum time limit to resolve this. I don't see why it would be over in the next few months unless WEX's backs down or GPXM agrees to far less. Doesn't seem like either party wants to cave. I'd be happy to be wrong though.

I still like Ashdown and the potential it's just that MR has the ability to add 50 to 100 mil to the market cap overnight if they can get it into production and prove up the resources. A rough rule of thumb is that for each mil ounces of resources I'd expect anywhere from 40 to 60 mil to be added to the market cap. Ashdown has the same potential if they prove up more resources - maybe more so, but the market seems to place less value on moly in the ground right now vs gold.