When Stock Guru first covered Franklin Mining it increased over 4000 percent. In those initial days of coverage of Franklin Mining gas to liquid was not in the realm of possibility, the Pulacayo project and the Cerro Rico mining project were not possibilities. Imagine the possibilities here now, today. Calculate the possibilities here.
Examine the contracts Franklin Mining has in place. (Link here.)
And ask yourself, is this a boat you really want to miss?
We know representatives of Franklin traveled to Switzerland for financing in the last month. Gas to liquid is doable and is being manufactured in many parts of the world now.
Gas-to-Liquid fuels are fuels that can be produced from natural gas, coal and biomass using a Fischer-Tropsch chemical reaction process. The liquids produced include naphtha, diesel, and chemical feedstocks. The resulting GTL diesel can be used independently or blended with diesel fuel and used in existing diesel engines and infrastructure.
These fuels provide an opportunity to reduce dependence on petroleum-based fuels and reduce tailpipe emissions.
Natural gas is four times more expensive to transport than oil. Converting remote natural gas into a liquid before transport is more cost-effective. Declining gas to liquid production costs, growing world-wide diesel demand, stringent diesel exhaust emission standards, and fuel specifications are driving the petroleum industry to revisit the GTL process for producing higher quality diesel fuels. Since the late 1990s, major oil companies including ARCO, BP, Conoco Phillips, ExxonMobil, Statoil, Sasol, Sasol Chevron, Shell, and Texaco have announced plans to build GTL plants to produce fuel.
Some remote natural gas can now be economically converted through the Fischer-Tropsch process into a clean diesel fuel. This fuel can be used as a blendstock to upgrade conventional petroleum diesel fuels and extend diesel fuel capacity and supplies. GTL fuel offers a new opportunity to use non-petroleum-based fuels in diesel engines without compromising fuel-efficiency, increasing capital outlay, or impacting infrastructure cost. GTL fuel has virtually no sulfur, aromatics, or toxics. It can be blended with non-complying diesel fuel to make the fuel cleaner so it will comply with new diesel fuel standards.
While Royal Dutch Shell launched its gas to liquid project with Qatar Petroleum (QP) a second and most unexpected announcement was made on 20 February.
Qatar Petroleum and ExxonMobil Corporation decided not to proceed with their integrated GTL scheme at Ras Laffan. The two parties had been working for a decade on developing the 154,000-barrel-a-day (b/d) scheme, which would have been the largest in GTL history. Spiraling construction costs in Qatar were the main reason given by ExxonMobil for the cancellation of its GTL project. The company had been working for months on ways to improve the project’s economics in light of the region’s overstretched contractor market and runaway inflation recently experienced in Qatar.
With ExxonMobil out of the picture … so much the better for Franklin.
Frankin intends to build a 10,000 barrels a day facility in the Rio Grande area of the state, which is a free trade zone.
Franklin plans to sell the product from the plant to the domestic Argentine market, which currently imports about 20,000 barrels a day of diesel.
The preliminary cost estimate of the Argentine plant is between $300-$400 million. “Some of the costs involve having to build additional infrastructure to support the plant, but all that is to be determined during the feasibility study,” Melgarejo said.
To Stock Guru Franklin looks hot and it’s getting hotter in Tierra del Fuego, Land of Fire.
Contact:
Investor Relations
A. Austin & Company
1-702-386-5379
Jaime Melgarejo Jr., President
Franklin Mining, Inc.
2764 Lake Sahara Driveoli
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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