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24 Month Acquisition Plan
Acquisition Plan
Golden Phoenix has embarked on an initial 24 month acquisition plan that
is intended to propel the company through the end of 2012.
Golden Phoenix is planning to target advanced stage projects with near-
term production throughout North and South America. During this initial 24
month period, the Company anticipates analyzing up to 50 prospective
properties, with a view towards optioning up to 10 of those properties on
terms and conditions acceptable to the Company. From these optioned
properties, the Company hopes to identify up to 5 projects that can be
advanced toward commercial production.
The sum of five such projects has the potential, in our opinion, to add up
to more than one project without the risk of investing in just a single
mining project.
Development Plan
When we acquire a property, our next goal is to embark on a 24 month
development plan that will begin the process of adding value to that
project. Depending on when the acquisition occurs, we believe these
individual development plans have the ability to propel the company
through the end of 2014.
As we develop a property, we will seek to add value by providing:
•
Introductions to sources of investment capital.
•
Geological support to target additional exploration.
•
Drilling support to confirm additional discoveries.
•
Expertise in permitting, bonding, legal and/or accounting issues.
•
Introductions to mine operators who can potentially take these
projects into commercial production.
When we have added sufficient value to a property, our plan is to seek out
an experienced mine operator in that particular region of the Americas. We
will choose someone we believe is best equipped to advance that project
toward commercial production.
Some properties we acquire will be more advanced than others. As a
result, some properties may require more time or less time for the
acquisition and/or development phases. The 24 month time frames for
each phase are estimates only. Combined acquisition and development
time frames could total 48 months or more depending on a variety of
circumstances.
Our philosophy going forward is to improve properties and find the right
partner for them. If we acquire a property, we intend to add value to it.
After some initial work, if a project turns out not to meet our expectations,
we will maximize the value we can generate for that particular property
and move on to the next project. Our commitment is to the continuous
advancement of each project we undertake.
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