Replies to post #5292 on GOLDEN PHOENIX MINERALS (GPXM)

[Pro-Life]

Energy costs are through the roof... this problem is plaguing every miner out there, generally speaking.

[oneofsix]

You have to listen to the quarterly ......

WebcastsMay 13, 2011
2011 First Quarter Results
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3532320



It's the "original" Rice Lake Mine that is skewing the numbers.

They are NOT going to operate that mine much longer because the others are about to come on line with significantly lower operating costs.

THAT mine is the equivalent of the leach pad for GPXM.

Anyhow they explain it all fairly well.....

[oneofsix]

OT Belgie....

Created a board at the old same place.....

End of discussion here... appologies to the GPXM crowd.

[Theshining]

The high cost is due to developement ore. They made a huge shift in mining plans ( which ore-bodies to go after) when they figured out the geology. Through everybody for a loop. Other nasty problem was decreasing the reserve amounts. Dale Ginn is no doubt a great geo, not so good CEO, new guyseems good now.
Fritz