Replies to post #1211 on GOLDEN PHOENIX MINERALS (GPXM)

[ItsAllCyclical]

I think of all the problems you can have w/a mine...

1) low grades
2) no permits
3) political risk
4) lawsuits
5) hedging
6) illegal mining
7) high costs/unprofitable mining

Plenty of others. My point is that at some price labor is solvable. When is the last time you ever heard of a mine failing to increase production solely due to labor. Strikes in SA comes to mine, but I think that's a completely different situation than GPXM. I respectfully stand by my early post. I think finding labor isn't that big of an issue. Maybe they have to pay 25% more than usual for their workers, but given their overall costs I don't see this as a big problem. They need 9-12 more miners. They cost approx 75-100K. Add another 25%. No biggie. They may have to add housing as well. This is certainly bigger ST, but it's mostly a one-time fee. Again so much risk has been removed in the last 3 months. Don't know why these issues are considered so daunting.

[ItsAllCyclical]

Worker issue (cont). You do raise some good pts and I don't mean to say that it's trivial. Just that compared to everything else that could go wrong to me this seems minor by comparison. I need to verify w/IR, but I believe they've just begun to try to scale up hiring of miners just recently so while the market for miners is tight I don't feel there's cause for alarm just yet. I probably will press IR more on this issue though to make sure I've considered every angle.

[disciple]

Basserdan,

Are you still holding GPXM? It's loudest barking dog, atm.

-disciple