Replies to post #1374 on GOLDEN PHOENIX MINERALS (GPXM)

[ItsAllCyclical]

From memory capital outlay is about 8 mil to get Mineral Ridge started again and it's probably at least 1.5-2 years away at this pt.

[oneofsix]

Dan .....IMNQSHO...... what would you rather prove up?????

50 million lbs of moly @ 24.00 for $1.2 bil

OR

4 mil ozs of gold @ 625.00 for $2.5 bil
4 mil ozs of silver @ 12.50 for $50 mil

Which will take a hit in the commodity price first????????

I believe the way to hedge our bets is to MINE Ashdown and advance Mineral Ridge.

BUT as I've said before I DON'T know all the facts here as to why they should be doing anything at all...........


: )