Cliff notes:
- Golden Phoenix torched cash in China then proceeded to commence operations in South Sudan whereby they torched further cash
- After blowing themselves up twice they reverted to a safer jurisdiction being Western Australia, selected some ground on the basis of a few regional geochemical samples. The ground was located near Abra deposit, a deep, low grade base metals deposit which would require tectonic uplift and another, more substantial mineralising event for it to see the light of day.
- Golden Phoenix is proposed to be vended into Dateline as a related party transaction
- Would be nice if the Minnelex report was on the website (as referenced as being on the website on page 42) so we can see how the valuation of $565,000 to $1,135,000 with a preferred value of $850,000 is justified. There was no reference in any announcement towards the work undertaken by Golden Phoenix to add value to the ground other than that they had looked at the GSWA open file database...
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