IRVINE, Calif., July 2, 2002 (PRIMEZONE) --
Golden Phoenix Readies Itself for Production; Jay Taylor, President
and CEO of Taylor Hard Money Advisors, Inc., Issues New Report
for the Month of June stating, 'We Have Emerged From a
Twenty-Year Bear Market in Gold'
National Capital Securities, Inc. (formerly known as Donner Corp. International) (Pink Sheets:NATC) a full-service broker/dealer and investment banking firm, headquartered in Irvine, Calif., today issued a Morning Call Note on Golden Phoenix Minerals, Inc. (OTCBB:GPXM) of Reno, Nev.
The Morning Call Note is as follows:
Jay Taylor's report states: "We have approached gold share investing with caution. Specifically, we have chosen to build our portfolio first around producing gold mining companies which are listed under the `Q' (quality) column as `A' stocks. We have also opted to concentrate during these early days of the bull market on advanced stage junior mining firms with gold projects that have been advanced to at least the pre-feasibility stage or feasibility stage of development. Those issues are labeled as `B' gold firms.
"So far this year, the biggest share price winners have been the smaller `A' quality companies. We expect the next group of really big winners will be those `B' quality companies that are on the brink of production. Of this group of companies our favorite is Golden Phoenix Minerals because it will be producing gold on a commercial scale perhaps by mid-summer.
"We initially recommended this stock for three basic reasons: first, it held (and still holds) the formerly producing Nevada gold mine, namely the Borealis Mine, which contains a 1.4 million ounce gold resource. Second, it holds the contact copper-molybdenum-silver deposit, which is potentially a world class mineral deposit. Third, the company signed an agreement with the mine engineering firm of Whitney & Whitney, headed by inventor, geologist, metallurgist and mineral economist Dr. John Whitney."
DCI has recently issued a speculative buy on Golden Phoenix Minerals, Inc. This analyst report is available at the DCI Website www.donnercorp.com.
For product information, please visit the Golden Phoenix Website at golden-phoenix.com, or contact Michael Fitzsimonds at: 775-853-4919.
National Capital Securities, Inc. is a member of the National Association of Securities Dealers, CRD 37702. Any information or opinion provided in this release does not solicit or make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities herein. It does not have regard to the specific investment objective, financial situation, suitability and the particular need of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this release and should understand that statements regarding future prospects may not be realized. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that NCC will receive compensation in the form of 100,000 shares per quarter, of GPXM common stock and one ounce of gold. There will be a negotiable fee for any additional services rendered by DCI for GPXM. Further information about GPXM may be obtained at www.freeedgar.com.