By: jimh068
26 Apr 2008, 05:09 PM EDT
Msg. 60236 of 60238
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Had lunch with Rob and some other very nice, calm investors in GPXM. Jay T., Bob Moriarty, Clyde Harrison all like Rob and spent time with him. Rob is very pleased with the progress of the company but not the share price. All the other mining companies there were off their SP highs as well, all saying this is the time to buy the juniors. Not much new news going on. Rob was very happy with David Caldwells enthusiasm. David was not there, he has been spending a lot of time in Toronto, lately. Rob said a TSX listing should be completed in 30 or so days. Kent has been playing the mill like a Statovarious, product is coming out fantastic. They will continue to ramp up production through the rest of the year and expect to reach 100 ton per day before then. Drill team has been as great. They have two teams which can drill ten days on 5 days off. Rob will be expanding the drill team by an other 5 so they can drill 365 days a year. They are going to move to Ashdown for 30-60 days ( I think ) to expand resources there, and then move back to MR. Rob thinks they can double Ashdown resources with that. Moving back to MR, they plan to continue to prove up the existing 200,000 reserves plus the 30-40,000 on the leach pad, plus he thinks an other 200,000 additional oz. by the end of 2008. With Ashdown running around 100 tons, they can cover most operating and exploring expenses. We will need to raise some funds to build the mill at MR, if we don't find one cheaper. With the drill rig, we will be drilling more at both mines. MR is so large it will take two to three years to complete all the planned drilling. Champion is planned for a bulk sample this year as well. David has been looking at other properties as well. Rob thinks there will be many more in the future. We have the drilling, geology, mining staff to expand. David and Rob still have the opinion that Ashdown may have a Climax type deposit waiting to be uncovered, time will tell. Rob is very high on the next six months for the stock price. He feels we missed one run and does not want to miss the next. Rob will not be hyping the stock. He knows that only creates short term gains. He is building a solid company, all ready well respected within the industry. He will continue to reduce legacy debt, prove up resources, and improve our mining abilities. He made comments about all the crap being discussed on these message boards. Most all information is conjectured, untrue, and exaggerated. News will take to form of letters accompanying 10 Qs and such. ****** Please don't read this as advice to buy or sell stock. I am not a mining expert and have put his words into my own as best I can. ****** P.S. Rob thinks we are all lucky we had this opportunity to buy at these current prices. P.S. P.S. Still never a reverse split or anything of the sorts. Maybe a merger of some sorts way down the road.
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