Sweet as an RC Cola with a MoonPie
OTC: FMNJ – Franklin Mining, Inc. — Stock Guru Profile
Stock Guru spoke with William Petty today after his return from Zurich and before he heads back down to Bolivia. He indicated excitement about this project.
Let’s look at what we know about the Pulacayo Tailings Project. (Link here for Google map of Pulacayo – click on hybrid and zoom in; for the TrekEarth view: Link here. )
Franklin Mining has a partnership (joint venture agreement) with Comibol, which is a mining company owned by the country of Bolivia. The four million tons of the Pulacayo tailings have been analyzed and the report has been published. A second analysis was requested and will be published any day now.
William Petty went to Zurich to obtain financing for this project and he’s en route back to Bolivia. The Cerro Rico de Potosi is universally recognized as the world’s single most productive silver mine. The cash flow statement which is based on this analysis of the four million tons of tailings is sweeter than a RC Cola with a MoonPie and the company has announced a buy back plan for its stock.
We know Mr. Petty has reported that each of the several financial institutions he met with last week expressed serious interest in Franklin’s mining projects in Bolivia. The results of those meetings are expected to be announced within the next several weeks.
We know that diesel fuel is scarce in Bolivia and to insure that the tailings are processed Franklin is taking the plant to the tailings rather than the tailings to the plant. Final details regarding the purchase and relocation of a pilot plant to be used in processing Pulacayo Tailings are being negotiated and the processing plant is expected to arrive at the worksite within four weeks.
We know that the cash flow report was based on one specific type of processing as identified in the report published. We also know that with Alex Stewart (Assayers) Ltd. who is providing professional services for the Pulacayo Tailings Franklin Mining is looking for alternate engineering processes to which will increase both productivity and recovery rates. That means rates better than those found on page sixty-one of the Tailings Analysis report published which in turn means this project could produce a greater cash flow than indicated in the project’s cash flow statement.
Look at the Return on Investment Analysis of this project. If you review our postings this week on the gold and silver return in terms of dollars and increase the productivity and/or the recovery rates by even the smallest amount the impact is exponentially high.
Examine this project’s cash flow statement and decide whether you would be willing to finance a project like this? Would that be a good investment? Based on all we know and Franklin’s track record our answer is yes.
We think the Pulacayo Tailings Deal is Sweeter than an RC Cola with a MoonPie.
Contact:
Investor Relations
A. Austin & Company
1-702-386-5379
SOURCE: Franklin Mining, Inc.
Jaime Melgarejo Jr., President
Franklin Mining, Inc.
2764 Lake Sahara Drive
Suite 111
Las Vegas, NV 89117
Website: http://www.franklinmining.com
Phone: 702-944-8972
Fax: 702-838-5130
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia including a wholly owned subsidiary, Franklin Mining, Bolivia S.A, and 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.’s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
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