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GOLDEN PHOENIX MINERALS (GPXM:OTC:BB) Nice!
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[QUOTE]Originally posted by NaturalResources: [QB] Form NT 10Q (NOTIFICATION OF LATE FILING) just filed for GPXM. http://www.pinksheets.com/quote/filings.jsp?symbol=GPXM GPXM did the same thing with it's 10K for 2006, and filed it within 15 days as required by the SEC. IMO, this latest notification is nothing to worry about, and based on this morning's PR we should see revenues from Molybdenum sales of ~$798,000 for Q1 2007, or ~4x the revenues from Q4 2006. While I would expect an increase in PPS when the Q1 2007 results are released, IMO the real story will be told when Q2 results are released. Revenue for Q2 from Molybdenum sales, according to this mornings PR, is already $2.3 million. While output at Ashdown is not yet steady, with 1 1/2 months to go in Q2 one could estimate between ~3-4 million for the end of the second quarter. Even if revenue for Q2 only reached ~3 million, it would still be higher than ALL of GPXM's revenue for 2004, 2005 and 2006 combined! IMO, the PR this morning was huge and, barring any unexpected bad news, PPS should continue to trend upward over the next several months. Also, with drilling results from Northern Champion expected this summer, the results from the IP survey expected within 4-5 weeks, and a new feasibility report for Mineral Ridge expected any time, Q2 2007 should be a blowout quarter for GPXM. This is all IMO of course, and DYODD. GLTA, NR. [/QB][/QUOTE]
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