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Cerro Rico Silver Mines -
"I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Potosi - coat of arms -
http://www.boliviaweb.com/photogallery/potosi0.htm
Potosi -
the city which grew up at the foot of the hill -
was said the streets to be paved with Silver -
and became a byword for luxury and splendour -
At the height of its splendour -
in the 17th Century, Potosi was one -
of the largest cities in the world -
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for more than -
- 500 years.
Indeed, so rich did Cerro Rico -
prove to be that the Spanish -
colonists dreamt of building -
a bridge of solid silver all -
the way from Potosí to Madrid.
Since the date mentioned until 1719 -
great bonanza periods have been reported -
for the quality of the mineral -
with ore contents between 1,500
and 9,000 silver ounces per ton.
Expected to Become World’s Largest Pure Silver Mine -
February 12, 2008 - 8:57 AM EST
Coeur d’Alene Mines Corporation -
(NYSE:CDE) (TSX:CDM) (ASX:CXC) announced today that it has
begun pre-commissioning activities at its -
San Bartolomé silver mine -
which is expected to produce over ten million ounces of silver
during its first twelve months of full-scale operations.
Total proven and probable reserves of more that 150 million
ounces of silver are contained in surface gravel deposits, or
pallacos, which lend themselves to simple, low-tech
surface-mining techniques. Of the several pallaco deposits
which are controlled by Coeur and surround Cerro Rico
mountain, three are of primary importance and are known as
Huacajchi, Diablo (consisting of Diablo Norte, and Diablo
Este) and Santa Rita.
The facilities will be located near established industrial
infrastructure in the historically silver-rich area of Potosí,
Bolivia, where more than two billion ounces of silver have
been mined. The building of the new mine is expected to
generate as many as 1,000 local jobs during construction, and
approximately 200 full-time jobs during operations.
The project will also establish a foundation, called Fundespo,
to assist in the development of new local industries, such as
silversmithing and tourism etc. -
Cerro Rico - "I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Its about 1000 feet lower today -
than it used to be before the mining -
Ex....
It has more than 800 mines adits -
many of them been covered up by 1000 yrs -
of mining (National Geog.) waste piles cover -
many of the original mine portals -
CDE taking the still rich in Silver waste piles -
Cerro Rico will be able to more breath, fresh air,
more ventilation etc. -
It may be to good help for the FMNJ miners and turists -
inside the Cerro Rico -
the bottom line is -
Franklin Mining has got a neighbour CDE -
a very good great silver mining neighbour -
history repeat itself -
Potosi will be rich again -
FMNJ hold agreements for a silver mining operation at
Cerro Rico de Potosi -
dd....
http://www.franklinminng.com
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Coeur Begins Pre-Commissioning of San Bartolome Silver Mine
in Potosi, Bolivia -
Expected to Become World’s Largest Pure Silver Mine -
February 12, 2008 - 8:57 AM EST
Coeur d’Alene Mines Corporation -
(NYSE:CDE) (TSX:CDM) (ASX:CXC) announced today that it has
begun pre-commissioning activities at its -
San Bartolomé silver mine -
which is expected to produce over ten million ounces of silver
during its first twelve months of full-scale operations.
All major plant equipment at San Bartolomé is now in place.
The Company expects the processing facilities to be connected
to the national electrical grid during the second half of
February, at which point full commissioning of the crushers
and mills will commence.
Processing of ore is expected to begin during the second
half of March.
Production and plant utilization will then steadily increase
with full plant capacity anticipated to be reached in August.
“In reaching the finish line at,
the San Bartolomé silver mine -
we are very pleased to report the success in completing
this world-class project while maintaining the highest
standards of safety, quality of construction, and adherence
to cost and scheduling,” said Dennis E. Wheeler,
Chairman, President and Chief Executive Officer.
“Over 1,600 workers, almost all of them Bolivians,
have done an excellent job in constructing what will be
the world’s largest pure silver mine,
surpassing over 3.7 million man hours without a lost time
accident, a truly remarkable achievement given the size
and scope of this state-of-the-art facility.
Coeur is proud of the strong community, government and
economic relationships we have developed with the people
and organizations of Potosi and Bolivia, and the Company
is excited about placing the mine into production
and generating value for all stakeholders.”
Overview of Key Mine Metrics:
* Expected silver production during remainder of 2008
of over six million ounces
* Operating cash costs once plant reaches full-scale
operations in August through the end of the year
are expected to be $4.10 per ounce of silver
(excluding royalties and production taxes
of $2.03 per ounce)
* Over ten million ounces of silver production during
the first twelve months of full-scale operations
* 153.0 million ounces of silver mineral reserves
and 34.2 million ounces of additional indicated
mineral resource
* Estimated mine life of 14 years
Year-end 2007 Mineral Reserves and Mineral Resources
Category Tonnes Ag Grade (g/t) Contained Ag Ounces
Probable Mineral Reserves
37,900,000 125 153,000,000
Indicated Mineral Resources 14,550,000 73 34,190,000
Inferred Mineral Resources 225,000 61 444,000
Note: Using a silver price of $11/ounce.
Mineral Resources are in addition to Mineral Reserves
and estimated with a cut-off grade of 50 Ag g/t.
Mineral Reserve cut-off grades variable from 63 g/t to
71 g/t based on deposit and ore type.
Additional photographs of the operation can be accessed
through Coeur’s website at
http://www.coeur.com
About Coeur
Coeur d’Alene Mines Corporation is one of the world’s
leading silver companies and also a significant gold producer.
Coeur, which has no silver or gold production hedged,
is presently constructing two of the world’s largest
silver mines –
San Bartolomé in Bolivia
and Palmarejo in Mexico;
operates two underground mines in southern Chile
and Argentina and one surface mine in Nevada;
and owns non-operating interests in two low-cost mines
in Australia.
The Company also owns a major gold project in Alaska
and conducts exploration activities in Argentina,
Bolivia, Chile, Mexico and Tanzania.
Coeur common shares are traded on the New York Stock Exchange
under the symbol CDE, the Toronto Stock Exchange under
the symbol CDM, and its CHESS Depositary Interests are
traded on the Australian Securities Exchange
under symbol CXC.
Cautionary Statement
This press release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding anticipated operating results. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the control of Coeur. Operating, exploration and financial data, and other statements in this press release are based on information that Coeur believes is reasonable, but involve significant uncertainties affecting the business of Coeur, including, but not limited to, future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from future acquisitions of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries, as well as other uncertainties and risk factors set out in filings made from time to time with the SEC and the Ontario Securities Commission, including, without limitation, Coeur’s reports on Form 10-K and Form 10-Q and Palmarejo’s Annual Information Form. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.
Donald J. Birak, Coeur’s Senior Vice President of Exploration,
is the qualified person responsible for the preparation
of the scientific and technical information concerning
Coeur’s mineral projects in this news release.
For a description of the key assumptions, parameters
and methods used to estimate mineral reserves and
resources, as well as a general discussion of the extent
to which the estimates may be affected by any known
environmental, permitting, legal, title, taxation,
socio-political, marketing or other relevant factors,
please see the Technical Reports for each of
Coeur’s properties as filed on SEDAR at
www.sedar.com.
Coeur d’Alene Mines Corporation
Director, Investor Relations North America
Tony Ebersole,
208-665-0777
Source: Business Wire (February 12, 2008 - 8:57 AM EST)
News by QuoteMedia
www.quotemedia.com
http://www.coeur.com/dev_sanbartolome.html
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Rhodium $8560.-/oz calling on brother Silver to
come along -
stop manipulatorz gangz and Ag goes above $1K/oz + + + +
http://www.kitco.com/LFgif/rh0030lnb.gif
Franklin Appoints Howard Dunn Vice President of Operations, International Mining
Wednesday, February 13 2008 1:00 PM, EST Market Wire "US Press Releases " LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/08 --
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) ( FRANKFURT : FMJ)
Chairman, CEO and President, William Petty,
this morning announced the appointment of
Howard B. Dunn, P.E. as Vice President of Operations
for International Mining.
Mr. Dunn, a registered Chemical Engineer,
earned a Bachelor of Science in Geological Engineering
from the Colorado School of Mines , Golden, CO, in 1985
and returned to earn a -
Master of Science in Metallurgical Engineering in 1989.
Mr. Dunn began his engineering career working in -
rock-tunneling and dam design and construction
before focusing on research and development projects
in ceramics and chemical based processing
with manufacturing firms including Ueblacker & Assoc,
ENSECO Inc , Coors Ceramics Co, Hazen Research, Inc ,
H.O.T. Enterprises and AZ Technology, Inc.
Mr. Dunn also served as Executive Director of the University
of Idaho's Business Technology Incubator
before moving to ESG, Inc. in 2000 and
American BioDiesel, Inc. in 2003,
two companies with which he continues to maintain
consulting relationships.
Prior to his work with the University of Idaho ,
Mr. Dunn's chemical engineering career included work
in areas such as ceramic processing, chemical based
processing, high performance ceramic and polymer-based
materials and chemical based recovery of waste tires,
industrial coatings technology and special
chemical manufacturing.
Since 2003, Mr. Dunn has been a leader in
the North American development of licensed
state-of-the-art European bio-diesel
and energy from bio-mass technologies.
About Franklin Mining, Inc : Franklin Mining, Inc.
holds mining and energy interests in the United States
and Bolivia as well as energy interests in Argentina . Franklin Mining, Bolivia is a wholly owned subsidiary.
Franklin Mining, Inc. holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A.
and Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "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.
For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. S. Austin & Company , 1-702-386-5379.
For further information:
A. S. Austin & Company
1-702-386-5379
http://www.franklinmining.com
Imo. Tia
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Franklin Prepares to Expand Scope of Escala Mine, Mining Operations to Include Copper -
Tuesday February 12, 8:30 am ET
LAS VEGAS, NV--(MARKET WIRE)--Feb 12, 2008 --
Franklin Mining, Inc. -
(Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News)
CEO, William Petty, confirms he has authorized an immediate
expansion of mining operations at the Escala Mine to
include the extraction and recovery of copper.
"One of the more exciting portions of Dr, Arancibia's report
following his January trip to the Escala was that as he,
several of our managers and our engineer explored each of
the mine shafts, they agreed there are economically viable
quantities of copper that can be extracted along with
our focus on silver."
Mr. Petty continued, "Historically, the Escala has not been
known as a source of copper.
The copper is there, just never before has it been taken
in serious quantities;
however, in today's market, it appears we've discovered
an economic opportunity that cannot overlooked and
I have asked Dr. Arancibia to reallocate every possible
resource to include copper in our extraction and
recovery operations as soon as possible."
Additional information on the quantities and values of
minerals available to be taken from the Escala is found
in Mr. Petty's Letter to Shareholders dated February 8, 2008;
the letter is available at
http://www.FranklinMining.com
Two other Letters from the President are planned this month,
the first of which could be released as early as
Wednesday, February 13.
About The Escala Mine:
Comprising three separate mining applications,
COMIBOL's Escala Mine concession totals 2,000 hectares
located in the Sud Lipez Province, near Bolivia's border
with Argentina.
Franklin Mining, Bolivia has been awarded a contract to mine
500 hectares within the original concession.
Escala II and Escala III mining applications are
currently assigned to another company.
The original Escala Mine -
was established during the Spanish colonial period and
has been mined for lead, zinc, gold and silver.
In 2007, Franklin Mining, Bolivia negotiated an agreement
with COMIBOL, National Mining Company of Bolivia,
to resume mining operations within the area of
the original concession.
About Franklin Mining, Inc:
Franklin Mining, Inc. holds mining and energy interests
in the United States and Bolivia as well as energy
interests in Argentina.
Franklin Mining, Bolivia is a wholly owned subsidiary.
Franklin Mining, Inc. holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A. and
Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "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.
For further information, please visit our website http://www.FranklinMining.com
or contact our
Investor Relations firm,
A. S. Austin & Company,
1-702-386-5379.
Contact:
Contact
A. S. Austin & Company
1-702-386-5379
http://www.FranklinMining.com
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/080212/0360295.html
http://investorshub.advfn.com/boards/board.asp?board_id=5406
To 'Inferno' on 'SILVER (Ag) PRODUCERS' -
fyi....Ex..
RE: americano - Hi o silver it's above 17 again, bob when do
you think we get the big bump up in silver,
thanks
Silver follow gold in this 2nd LT bull wave -
Silver in a LT long term bull trend -
Silver has been gov. polo-ticz manipulated down since
its high in 1477 more than 500 years ago -
at a high of $806.- per ounce -
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Ag to 2001 of a low $2.25 per ounce -
its less than a fraction of the $806 with inflasion calc. -
Ag is on a bull track -
Ag has a long way up back UP -
the super red polo-ticz are desperate with a terror -
to keep its totalitarian dictator power -
to keep the people as slaves -
I do trust Dr. Ron Paul -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26700618
as a great people savior -
I know for sure sooner or later the people will
gain the fair power -
on a level playingfield -
and the super red will not -
their turn to be wiped out is long overdue -
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26704713
New Uses Give Silver Reasons to Shine
By Jane Louis
23 Jan 2008 at 02:45 PM
St. LOUIS (ResourceInvestor.com) -- When compared to gold, silver often seems like the ugly stepsister - moving in gold’s shadow, always trying to catch up to gold’s sparkle but ultimately reacting with extreme volatility - and 2007 was no exception. As gold gained 28% on the year, silver added 18% while suffering bouts of extreme ups and downs.
And much like gold, silver can be used as both an industrial commodity and as a monetary investment - though industrial uses are by far the main driver of the silver market.
The market functions based on basic supply and demand fundamentals. Supply largely comes from mine production, which accounted for approximately 70% of global supply in the past decade. Recycled silver scrap is the second largest source of silver, totalling about 20% of global supply. The remaining supply comes from producer hedging, government sales and implied net disinvestment.
But according to the VM Group and Fortis Bank’s latest edition of “The Silver Book”, demand has been trailing off since 2006 due to the significant drop in photography use demand. In the past, photography uses were a main source of consumption, but that has fallen off considerably with the popularity of digital cameras.
Thus, the VM Group is predicting a supply surplus of 7,315 tonnes in 2008 - up 16% over the supply surplus of 6,141 tonnes in 2007.
“Metal available to the investor, which in a strong market as we have recently experienced, appears to be relatively easy to absorb,” the commodities consultancy said in the report. “We expect jewellery demand to make a modest recovery as consumers adapt to higher prices, whilst photographic demand will continue to fall.”
Ultimately, it is the investor who will decide the supply and demand balance, Jessica Cross, chief executive of the VM Group, told Resource Investor.
“The silver market is in a chronic state of surplus, and this is metal available to the investor,” Cross said. “If there is scant investment interest as there was in 1990s, then the silver price will decline. If there is buoyant investment interest, the price will consolidate and increase.”
New Sources of Demand
Industrial applications are the main source of demand in the silver market. Silver is a good thermal and electrical conductor, making it useful in switches and fuses. It is also used in batteries, and its quality as a bactericide allows it to be used in water purification systems and a wide range of consumer products. The use of silver in wood preservatives was expected to be introduced this year, but licensing was delayed. Wood preservatives are predicted to be a significant consumer of silver in the coming years, the report said, and the delay in 2007 affected the supply and demand balance.
“This application remains at the licensing stage and therefore it is not surprising that product developers are remaining tight-lipped about the developments and progress of this licensing. Our figures therefore reflect this delay.”
A new use of silver is growing in popularity, however, VM reported.
The technology for radio frequency identification devices (RFID) has been around since the Second World War, but only in recent years has the updated technology grabbed the attention of commercial and military supply-chains for its use in inventory tracking. Similar to bar codes (which, in fact, are the biggest competition to RFID tags), the devices can be used to identify and track goods.
“The original active RFID technology includes a battery-powered, high data capacity tag that transmits radio frequency energy across a radius of up to 300 feet,” according to the report. “This is now being replaced by passive RFID technology, which has no battery but relies on a radio frequency signal from a transmitter to activate the tag. The tag then sends out information to a receiver, which reads the information and processes it.”
Research firm IDTechEx said it expects the number of tags produced in a year to increase by a whopping 93% to 25.90 billion by 2017. That is incredibly good news for the silver market, as RFID tags each contain about 10.9 milligrams of silver. And even better news - the tags are hard to recycle, the VM Group said.
While RFID tags are not truly competitive to bar codes right now due to their high prices, “The Silver Book” said it’s only a matter of time before the technology is adapted and used extensively. The use of silver in RFID will not completely replace the loss of silver consumption in photography, the report said, but it does have an advantage over photography in its difficulty to recycle.
“This is vital if silver is to hold its own in the light of declining offtake in photography as a result of digital (cameras),” Cross said.
Silver Outlook
Despite the potential oversupply in 2008, many analysts are staying bullish on silver.
“As primarily a by-product of base metals mining, (silver) remains moderately price inelastic, and it can expect rising mine production based upon increases in production of the host metals, primarily copper,” Ross Normal of TheBullionDesk.com said in the London Bullion Market Association’s “Forecast 2008”.
“Silver’s price gains, however, can be attributed to solid demand-side investment, and that appetite looks set to continue in 2008 as the race between the old world and the emerging economies to corner the world’s natural resources intensifies... be it a mine or simply physical metal. The fly in the ointment may be the slowing global economy and, more so than in gold, this could signal a more modest increase than in former years.”
David Davis, analyst at Credit Suisse, agreed.
“Silver prices only rose 14% year-on-year (2006 -2007), having put gains of 25%, 38% and 42% over the previous three years,” he said in the “Forecast”.
“We believe silver prices will likely play ‘catch up’ when compared to the year-on-year increases of the previous years, but also and more importantly, silver prices will likely receive impetus from the upward trend in platinum and gold prices and the investment (ETF) market. In the long term, gold and silver prices have been closely correlated. The fundamentals of the silver supply and demand dynamics are unlikely to have a major effect on driving the price. Silver has the potential to break through $20 by the end of the year.”
The iShares Silver Trust ETF [AMEX:SLV] has seen its rate of accumulation slow in the past two years, but new ETFs were launched in the UK and Switzerland this year, which have both experienced steady gains, “The Silver Book” said.
Cross said she expects silver to trade in the $12 to $18 per ounce range in 2008, with “lots of upside but possible liquidation of longs.” March silver dropped 17.5 cents to trade at $15.93 an ounce in mid-day trading today on the New York Mercantile Exchange.
http://www.resourceinvestor.com/pebble.asp?relid=39774
Any more updates, thanks.
San Bartolome, will soon be producing 9 million oz (2008).
Right next door to FMNJ property.
Start up is expected to begin in Q1 -
San Bartolome, Bolivia
At San Bartolome, Rick Irvine is now Vice President and
General Manager for Company's new silver mine in Potosi,
Bolivia.
As San Bartolome moves toward its expected 2008 startup,
over 1,600 personnel on site at the project have surpassed
3.2 million man hours without a lost time accident.
Initial production levels are estimated at approximately 9 million ounces of silver annually.
The Cerro Rico de Potosi -
is universally regarded as the world’s largest
and most productive silver mine.
The modern technologies Franklin Mining, Inc.
is prepared to introduce to its Cerro Rico operations
are designed to significantly increase the volume
of silver and all other minerals
that can be exploited....
http://www.franklinmining.com/aboutfranklin/ourhistory.html
God Bless America
What's your target as far as pps is concerned on SIL?
Silver is the place to be...besides Gold!
Yukon Zinc Closes Second Tranche of Unit and Flow-Through Financing -
Vancouver, BC, December 21, 2007 –
Yukon Zinc Corporation -
(YZC.TSX-V) is pleased to announce
that it has closed the second tranche of the brokered
private placement financing (the “Offering”),
announced December 7, 2007.
The closing consisted of 10,833,334 Units at a price of
$0.12 per Unit for gross proceeds of $1,300,000, and
9,635,715 Flow-Through Common Shares at a price
of $0.14 per share for gross proceeds of $1,349,000.
Each Unit consists of one common share and one-half share
purchase warrant.
Each full warrant entitles the holder to purchase one
common share for $0.16 for a
two year period that expires on December 21, 2009.
The financing was offered by a syndicate led by
Haywood Securities Inc., co-led by Paradigm Capital Inc.,
and including Blackmont Capital Inc. (“the Agents”).
The securities sold have a hold period that expires on
April 22, 2008.
The Agents received a cash commission equal to 6% of
the gross proceeds.
In addition, the Agents received Compensation
Options entitling the Agents for a 12 month period
expiring December 21, 2008, to acquire up to 650,000
common shares of Yukon Zinc at C$0.12 per share.
The gross proceeds of this tranche, plus the previous tranche
of the Offering on December 20, totals
approximately $6.9 million.
The net proceeds will be used for maintaining the development
and engineering activities associated with the advancement
of the Wolverine Project, and provides working
capital while Yukon Zinc evaluates alternative sources of
the equity portion of the funds required to
finance construction of the Wolverine Project
and other forms of transactions that
enhance shareholder value.
Yukon Zinc is focused on the development of the Wolverine
deposit as the Yukon’s next significant
zincsilver mine and the exploration of
the Finlayson District as Canada’s newest Volcanogenic
Massive Sulphide District.
The securities comprising the Offering have not been and will
not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”)
or any state securities laws, and may not
be offered or sold within the United States or to a U.S.
Person unless registered under the U.S. Securities
Act and applicable state securities laws or an exemption
from such registration is available.
This news release contains forward-looking statements based
on assumptions and judgments of
management regarding future events or results that may prove
to be inaccurate as a result of failure to
complete the proposed financing, failure to obtain
necessary regulatory or shareholder approvals, and
other risk factors beyond its control and actual results
may differ materially from the expected results.
- 30 -
For more information contact:
Dr. Harlan Meade, President and CEO
Shae Dalphond Manager,
Investor Communications
Telephone: (604) 682-5474
Toll-free: 1-877-682-5474
Facsimile: (604) 682-5404
info@yukonzinc.com www.yukonzinc.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE.
http://www.yukonzinc.com/documents/YZC-NR-2007-12-21-Closes-Second-Tranche-8M_Financing.pdf
http://investorshub.advfn.com/boards/board.asp?board_id=11696
James Turk: $53 trillion and growing
Submitted by cpowell on Wed, 2008-01-09 19:36.
Section: Daily Dispatches
2:28p ET Wednesday, January 9, 2008
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket
Gold & Money Report and consultant to GATA, has studied
the Financial Report of the U.S. Government for 2007 and,
in a new essay, reports that the government's debt has
reached $53 trillion even as the government acknowledges
that it cannot properly account for 57 percent of its assets
and 25 percent of its costs.
But of course whatever can't be found can always be covered
with a few computer keystrokes, for which the foreigners
will always send Americans real goods. Won't they?
Turk's new essay is titled "$53 Trillion and Growing"
and you can find it at Financial Sense here:
http://www.financialsense.com/editorials/turk/2008/0109.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/
* * *
Reserve the dates:
The next GATA conference
Friday and Saturday, April 18 and 19, 2008
Maybe "GATA Goes to Washington -- Anybody Seen Our Gold"?
Washington, D.C., area
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization
based in the United States and tax-exempt under
the U.S. Internal Revenue Code.
Its e-mail dispatches are free, and you can subscribe at
http://www.gata.org/.
GATA is grateful for financial contributions, which are
federally tax-deductible in the United States.
JPY, GBP, AUD, EUR, CAD & Gold - Afternoon Fix (Source N M Rothschild) (INDEX)
3 YEAR WEEKLY GOLD CHART COMPARED TO THE CURRENCIES BELOW
God Bless America
Are they involved in Silver?
You have alot of nice Silver plays happening, thanks!
Hello NYBob....regarding GREAT PANTHER...........
.....I just posted at the GREAT PANTHER message board that lists you as the moderator......the board looks as if it has been pretty quiet the last months......are you still following GREAT PANTHER......seems to me that the company/stock is sitting at the beginning of a very large move forward....hopefully 2008 will be a great year for the stock and the board will wakeup!~
PS....I believe Silver is heading towards $33 over the next few years and quality Silver explorers/producers will benefit as a result.
Escala to Resume Production Following Holiday Break -
Franklin Mining CEO William Petty Returns to Bolivia as Escala Prepares for Increased Productivity in 2008 -
Franklin Mining, Inc.
(PINKSHEETS: FMNJ) CEO William Petty has returned to Bolivia
to meet with his senior management and engineering staff
prior to their return to the Escala Mine.
Production is set to resume at the Escala the week of
January 7, following the traditional break for
Christmas and New Year's Holidays.
"Now that we've completed the majority of the clean-up
and tunnel preparations at the Escala,
our crews are set to begin rapidly increasing
daily productivity in the initial two shafts."
In confirming this week's travel schedule,
Mr. Petty added, "I look forward to meeting with
Franklin's on-site managers and engineers.
December's reports indicated significant improvements
in the Escala's mineral reserves -
and while we've not yet completed our testing and
analysis, we have gathered and confirmed sufficient
data that we're excited about values exceeding expectations."
Mr. Petty concluded his remarks concerning the Escala's
2008 schedule reminding shareholders that while
the project remains in Phase I -
of its restarted operation -
(probably through March), product will continue to be
delivered to a nearby processing plant via truck;
the plant Franklin uses -
is approximately 70 Km from the mine.
As previously announced, recommendations for erecting
an on-site processing plant are being evaluated
and preliminary studies will be reviewed with
Franklin staff prior to their returning to the work-site.
Until an on-site plant is erected, both direct sales
and deliveries for later processing will continue
as begun in December 2007 and finished product
will be held in inventory.
About The Escala Mine:
Comprising three separate mining applications,
COMIBOL's Escala Mine concession
totals 2,000 hectares located in the Sud Lipez Province,
near Bolivia's border with Argentina.
Franklin Mining, Bolivia S.A.
has been awarded a contract to mine 500 hectares
within the original concession.
Escala II and Escala III mining applications
are currently assigned to another company.
The original Escala Mine
was established during the Spanish colonial period
and has been mined for lead, zinc, gold and silver.
In 2007, Franklin Mining, Bolivia S.A.
negotiated an agreement with COMIBOL,
National Mining Company of Bolivia, to resume mining
operations within the area of the original concession.
About Franklin Mining, Inc.:
Franklin Mining, Inc. holds mining and energy interests
in the United States and Bolivia as well as energy
interests in Argentina.
Franklin Mining, Bolivia S.A. is a wholly owned subsidiary.
Franklin Mining, Inc.
holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A.
and Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "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.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.
Investor Relations
A. S. Austin & Company
1-702-386-5379
http://biz.yahoo.com/iw/080102/0344132.html
http://messages.finance.yahoo.com/mb/FMNJ.PK
----
Potosi, Cerro Rico -
The city of Potosí was the largest silver producer....
in the world....all evidence of what was once the largest and richest city in the world....
it may has some great future....
have you heard about New America....
http://www.fbdthemovie.com/talk.html
history often repeat itself -
http://www.publinetsrl.com/rev54_4.html
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25457563
http://educate-yourself.org/cn/
http://www.ronpaulblimp.com/
God Bless America
Potosi, Cerro Rico -
The city of Potosí was the largest silver producer....
in the world....all evidence of what was once the largest and richest city in the world....
it may has some great future....
have you heard about New America....
http://www.fbdthemovie.com/talk.html
history often repeat itself -
Potosi next? I want to go -
http://www.moller.com/video1.htm
http://www.publinetsrl.com/rev54_4.html
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25457563
http://www.ronpaulblimp.com/
Merry Christmas -
God Bless America
Franklin CEO Extends Holiday Greetings to Shareholders -
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) CEO and President, William A. Petty,
today issued the following shareholder letter.
To all FMNJ Shareholders, Employees and Partners,
Our company is ending the year on a positive and upbeat note.
After much planning and preparation,
the Escala Mine project is rapidly moving forward.
Senior Franklin Mining, Bolivia S.A. managers and engineers
returned yesterday from an extended stay at the mine.
The reports, video and photos they brought back will be
reviewed and posted on our web-site in the coming days.
As I reflect on what has been accomplished the past
three months, I believe 2008 will be the breakout year
we've all been waiting for, working for.
Thank you for your continued support and Best Wishes
for a Happy and Joyous Holiday.
Sincerely,
William A. Petty
CEO, President and Chairman
Franklin Mining, Inc.
About The Escala Mine:
Comprising three separate mining applications,
COMIBOL's Escala Mine -
concession totals 2,000 hectares located in the
Sud Lipez Province, near Bolivia's border with Argentina.
Franklin Mining, Bolivia S.A.
has been awarded a contract to mine 500 hectares within
the original concession.
Escala II and Escala III are the other two mining
applications currently assigned to another company.
The original Escala Mine
was established during the Spanish colonial period and
has been mined for lead, zinc, gold and silver.
In 2007, Franklin Mining, Bolivia S.A.
negotiated an agreement with COMIBOL,
National Mining Company of Bolivia,
to resume mining operations within the area of
the original concession.
About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "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.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.
For further information contact:
www.FranklinMining.com
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Marketwire (December 20, 2007 - 11:28 AM EST)
http://www.publinetsrl.com/rev54_4.html
http://investorshub.advfn.com/boards/board.asp?board_id=5406
http://educate-yourself.org/cn/
http://nwo-warning.tripod.com/haarp2.htm
http://www.ronpaulblimp.com/
Merry Christmas -
God Bless America
Franklin Confirms Escala in First Phase of Production -
Tuesday December 18, 8:30 am ET
LAS VEGAS, NV--(MARKET WIRE)--Dec 18, 2007 --
Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News) CEO, William Petty,
has confirmed that -
the Escala Mine -
has entered the first phase of production.
"I am pleased to be able to announce that we are officially
in Phase I production status with Escala.
I am also pleased to be able to confirm that the initial
analysis of delivered product is indicating mineral
content greater than what we anticipated.
Additional sampling and testing is needed to confirm these
early indications, but I am encouraged that our on-site
managers and engineers are finding results greater than what
was expected when they arrived at Escala last month."
"Throughout Phase I, we will deliver our product via truck
to a processing plant approximately 70 Km away,"
Mr. Petty continued.
"As previously announced, I've received several
recommendations for erecting an on-site processing plant.
Several of these recommendations required serious, lengthy
study and that work is nearly finished;
I hope to announce -
my decision concerning on-site processing in January."
About The Escala Mine:
Comprising three separate
mining applications, COMIBOL's Escala Mine concession
totals 2,000 hectares located in the Sud Lipez Province,
near Bolivia's border with Argentina.
Franklin Mining, Bolivia S.A. has been awarded a contract
to mine 500 hectares within the original concession.
Escala II and Escala III are the other two mining
applications currently assigned to another company.
The original Escala Mine -
was established during the Spanish colonial period and has
been mined for lead, zinc, gold and silver.
In 2007, Franklin Mining, Bolivia S.A. negotiated
an agreement with COMIBOL, National Mining Company of Bolivia,
to resume mining operations within the area of
the original concession.
About Franklin Mining, Inc.: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "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.
For further information,
please visit our website -
http://www.FranklinMining.com
or contact our Investor Relations firm,
A. S. Austin & Company,
1-702-386-5379.
Contact:
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/071218/0341150.html
It is a strange that FMNJ is 2.86%up today and all other underdeveloped silver miner are in deep red. Even SIL is 2.74% down. Though both SIL and FMNJ are on down ward slide from early to mid highs in Nov.
Your analysis is right and I see the latest political upheaval has not even accelerated the trend.
No....the company is going on and producing.....whatever happens I think FMNJ as a company will not be affected in terms of production! Now......that the investors in the company (shareholders) may get a bit scared might be the case!
China's wealthiest investors set for gold spree -
Friday, December 14, 2007
This article from Reuters is quite interesting, but attracted almost no attention in the broader press.
China's wealthiest investors are on the brink of ploughing as much as $68 billion into gold markets as they take profits from roaring share prices and steer clear of property, a top fund manager and bullion bull says. Wang Weilie, a pale, bespectacled 40-something who manages over 1 billion yuan ($135 million) on the Shanghai Gold Exchange on behalf of himself and clients, says the so-called "Zhejiang clique" are ready to pounce after Beijing opens up spot market bullion trading and a futures contract launches early next year.
http://rare-panda-coins.blogspot.com/2007/12/chinas-wealthiest-investors-set-for.html
http://teaparty07.com/
Thank u Retro for your comments. Since you call it a big mess, how much it can affect foreign investments particularly our own FMNJ. Anything heard from the horses mouth? How your friends in FMNJ are taking this development?
Hi Voz! Actually I was just waiting for somebody to bring this up! That it is you shows me how much the board is into DD! More like nothing!
The situation in Bolivia is a bit of a caos! On saturday to witness with around 200 thousand people how the civic comitee handed an Autonomic letter and state (departamental) constitution to the mayor. Actually 5 states (out of 9) are against the "illegal" constitution that Evo Morales forced through with his party! He forced it through with a simple majority vote of his party alone and let the opposition outside the building!!!!! In order to change the Constitution you need a 2/3 absolute majority vote! He knew he was never ever going to get it so he just basically "gave a shit!"
There were confrontations in Sucre, where 300 people were wounded and 3 died! The whole population almost stood up against the police, which lead towards 10000 police officers leaving the entire city!
Evo Morales called for a costitutional refferendum and one for himself! But this indian president is so rediculous that he says that he will step down if he looses with the same amount of votes he was elected! That means that if 54% of the voters go against him, he will step down!
Bolivia my friends is a little mess at the moment!
Hi! Retro why are you so silent. Please give us your 1st hand observations about fresh political upheaval in Bolivia. This talk of Autonomy by 4 provinces seems like scary. May be I am wrong but it is hotly contested issue in Bolivia and as a investor in that country is a matter of interest if not concern.
Thank u Bob I had read all those news already. I actually was wondering whether or not it add more uncertainty to FMNJ future? I know Retro is in much better position to say some thing about this since he is in Santa Cruz. I tried him emailing him but got no response as yet.
Bolivia regions declare autonomy -
http://news.bbc.co.uk/2/hi/americas/7144447.stm
Will Bolivia's splits widen in 2008? -
http://news.bbc.co.uk/2/hi/americas/7138994.stm
Polarised
The draft constitution is still a long way from being enacted.
Firstly, a national referendum is needed on one article.
Then the assembly will vote on the entire text.
Then another referendum will be called on
the full constitution.
Members of the Constituent Assembly study the proposed changes
before voting
The proposed new charter must be put to the national vote
No date has yet been set for that vote and few expect it
to happen before next September.
The opposition has vowed to fight it every step of the way,
saying it is being enacted illegally.
Boris Medina from the right-wing Podemos party said:
"Every legal rule has been violated.
This constitution is illegal and we'll denounce
it in every forum we can."
fyi....
http://www.noticiasfides.com/
http://www.franklinmining.com/home.html
NYBob! what is your opinion about changing political situation in Bolivia? This subject is not been raised on FMNJ. Don't know whether it is ignorance or intentional to avoid contentious issue.
Franklin Mining, Inc’s Programs of Social Benefit -
Franklin Mining, Inc.
and its wholly-owned subsidiary and partnership companies
are committed to the support of a wide variety of programs
of social benefit.
Recent projects include:
• A 10,000 liter water tank contributed to the city
of Ayo-Ayo, Bolivia and its 7,000 inhabitants
• Uniforms for both COMIBOL and Hotel Europa employee
soccer teams -
• Christmas 2006 holiday food and toys contributed
to more than 500 orphans -
• In cooperation with ISTEC (Ibero-American Science
and Technology Education Consortium, Albuquerque, NM)
Franklin developed a digital hospital to serve
the Department of Tarija, Bolivia and surrounding
remote areas
• Franklin's long-term relationship with ISTEC
is designed to eventually build an additional
nine digital hospitals in other remote areas of
Bolivia
In the coming year, Franklin will work on reconstruction
of a local hospital to serve inhabitants of
the City of Ayo-Ayo, Bolivia.
FMNJ - The Cerro Rico de Potosi -
mis universally regarded as the world’s
largest and most productive silver mine.
The modern technologies Franklin Mining, Inc. -
is prepared to introduce to its Cerro Rico operations
are designed to significantly increase the volume of silver
and all other minerals that can be exploited.
Under a separate COMIBOL agreement, Franklin is preparing
the Original Escala Mine for its return to full productivity.
FMNJ - The Escala is Bolivia’s second largest mine -
historic mine.
Franklin’s commitment to multiple Potosi area Cooperativas
is to make every effort possible to increase worker
productivity as well as work to increase worker safety
and security.
Increased worker productivity will result in increased
family earnings within each community and further
increase economic growth and development throughout -
the area.
http://www.franklinmining.com/aboutfranklin/ourhistory.html
Merry Christmas -
God Bless All -
http://investorshub.advfn.com/boards/board.asp?board_id=5406
To 'Retrostock' on 'SILVER (Ag) PRODUCERS' -
Retrostock, good to see you -
with a good opinion on the old FMNJ good stock -
at the 'Ten Bagger Potential Stocks' + + ~<)
The Cerro Rico de Potosi is universally regarded as the world’s
largest and most productive silver mine.
The modern technologies Franklin Mining, Inc. -
is prepared to introduce to its Cerro Rico operations
are designed to significantly increase the volume of silver
and all other minerals that can be exploited.
Under a separate COMIBOL agreement, Franklin is preparing
the Original Escala Mine for its return to full productivity.
The Escala is Bolivia’s second largest mine historic mine.
Franklin’s commitment to multiple Potosi area Cooperativas
is to make every effort possible to increase worker
productivity as well as work to increase worker safety
and security.
Increased worker productivity will result in increased
family earnings within each community and further
increase economic growth and development throughout -
the area.
http://www.franklinmining.com/aboutfranklin/ourhistory.html
Merry Christmas -
God Bless All -
http://investorshub.advfn.com/boards/board.asp?board_id=5406
The chief strategist of CLSA -
(a leading Asian brokerage firm with offices in 11 countries
and owned by the 6th largest bank in the world) is calling
for gold to reach $ 3,400 within 3 years.
He believes that the sub-prime mortgage debacle is just the tip
of the iceberg and as financial problems spread, investors
will increasingly turn to gold as a safe haven.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2485085.ece
Mining for silver in Cerro Rico -
3 Decemb...
http://video.google.com/videoplay?docid=-1285083668451947745&q=cerro+rico+silver+mine&total=11&start=0&num=10&so=0&type=search&plindex=0
God Bless
Retro! thank u for your PM. Let us hope next week brings is good for all of us in this stock.
Thank u NYBob for PM. We the people who always see glass as half full.
Closed green for the day after 9M shares were traded. Out of that numbers 2/3rd was sell. It was 1st time after so many months I have noticed this much sell. May be people have stop loss at .004.
Retro the difference between the three is that GLBT has always been on ask whereas other two have been on Bid too. Fourteen Million of GLBT is 100% ask whereas we do not know that figure for other two. Yes 14Million for the month is not that frightening figure too. IMO
You see! Its not only me who has good contacts here!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25117366
But I´m the Bullshi**er and pumper! LOL
Very interesting Voz! Check this out! For the whole month of november GLBT was sitting on the friggin ask! But surprisingly NITE and UBSS are the ones who sold off the shares! Hmmmmm......GLBT seems to be like a motherf***cking 300-pound linebacker! Big time blocker! What do you think?
http://www.otcbb.com/asp/tradeact_mv.asp?Issue=fmnj&searchby=issue&sortby=volume&Month=11-1-2007&downloadname=mv200711.exe&view.x=40&view.y=9
There have always been likes of Lucky's before who said they are done. But they are still around and same thing is true for him. Yes it is painful but patience is the name of the game here.
Hi Voz! Looks like some of our Ihub investors are jumping out the window! (Lucky for example)......Down again! :(
Bob,thank you very much for posting this link. I realize now how much important it is for a company like FMNJ to have Rothschild as visitor. Now I know Soros is a front man of Rothschild and their investment in SIL and interest in FMNJ does have some consequences for Bolivia. I am still reading the link.
You have again proved that you have more deep understanding of the things about this company. But I want to ask you a question about how you change your heart for this company after having severed your link last time? Thank u again for the link.
The fact that the pps goes down and the accum/Dist goes up over the last six months shows what is called a "positive divergence"......This is a bullish indicator for a reversal anytime. If the pps would go down and the accum/dist aswell this would mean that there is a dilution going on!
This shows me that there is somebody or some group sucking up all those shares......this is good....the float gets tighter every day (as long as this indicator continues on a upward trend). The weak hands are falling and the ones in the know are accumulating the shares! For sure its not the Ihub! This is a fact! I wonder what NYBob (who´s a great chartist has to say about that!). It might be a tactic from the management aswell.....one day on the good news this is going KABOOOOOOMAGE big time with shares in strong hands....this might go as quick as end of April 2006 (in 3 days to 15 cents).....people may chase it and flippers have no big chance.... Well! But thats all theory!
But I´m definately more calm seeing this indicator going up instead of down!
"Geoge Soros as Rothschild Agent
It is no surprise, therefore, to find that today Soros
and Rothschild have ..... George Soros has instructed
his companies to start investing in Central and ..."
Bob, do u have a link to the above story? Could u please post it. Thanks
That is all true but SP still goes down. Is it not contradictory to accumulation curve? The present SP does not justify the huge accumulation. Where all those shares are going? I have not seen during recent past several month, when sell volume had increased the buy volume and most days figures were not even close.
This conundrum need to be property explained.
Voz.....we have friggin 5000 shareholders!!!!! And how many BM´s ? 140!!!!! I said this before......and thanks god that the Ihub is NOT in charge of this stock.....otherwise.....oh well....you know already! And check this Accumulation/Distribution line again......only going up!
May be you will not take that arduous journey again if we get some real update from FMNJ. But before burying our hopes it will be very important to witness personally what is going on on the ground. It is possible that you may notice real activity on the site and that will generate some hope and to wait for some more time with this company.
On the other side some body is buying the shares here. Today buy volume is 3.8 m and sell is only 740,000. Sure some body is accumulating shares but I think he does not belong to Ihub community.
Franklin Commits to Expanded Shareholder Communication -
Tuesday December 4, 9:00 am ET -
http://biz.yahoo.com/iw/071204/0335657.html
http://www.dailypaul.com
Well! I´ve been there once and its a heck of trip! Around 12000 feet high! Air is really thin there! This was what.....2 months ago! I really can´t go over there now cause I´ve got a lot of work going on in the company (EOY stuff). I hope to finish everything around the 22nd though! Christ! I could probably only go in January! It takes me around 1 day and a half to get there! But its a must if we dont get an update I guess!
We all have no where to go now and of course too late jumping out of the ship to safety. All those whining posters are in the similar situation.
One thing comes to my mind here. Since you are in Bolivia, is it possible in any way for you to travel to Escala during your week ends and see yourself what is going on there? Hopefully they work seven days to bring Escala to production. What your source is saying about Jamie? Is he still in Escala or for that matter in Bolivia or has already come back to home sweet home in US? Since it is his sole responsibility as COO of the company to see Escala comes into to full operation as per plans.
The Silver from the 4824 m high Cerro Rico (Rich Mountain) -
once made Potosi the biggest city in the Americas -
and one of the richest in the world -
"I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Potosi - coat of arms -
http://www.boliviaweb.com/photogallery/potosi0.htm
Potosi -
the city which grew up at the foot of the hill -
was said the streets to be paved with Silver -
and became a byword for luxury and splendour -
At the height of its splendour -
in the 17th Century, Potosi was one -
of the largest cities in the world -
Cerro Rico, or "Rich Mountain" -
The Worlds Richest Silver Mine -
has been mined for more than -
- 500 years.
Indeed, so rich did Cerro Rico -
prove to be that the Spanish -
colonists dreamt of building -
a bridge of solid silver all -
the way from Potosí to Madrid.
Since the date mentioned until 1719 -
great bonanza periods have been reported -
for the quality of the mineral -
with ore contents between 1,500
and 9,000 silver ounces per ton.
http://tinyurl.com/uq8b5
http://whc.unesco.org/en/list/420
I AM RICH POTOSI:
The Mountain That Eats Men -
or is it - the el tio ? - 666 - That Eats Men -
the 666 bobo is a nono -
to normal Safety Standard Mining methods of precautions -
http://www.culturesontheedge.com/gallery/archives/potosi/index.html
History short snippet reflexion -
When the Spanish conquistadors first arrived in the new world -
in the 1500s, they were surprised to find a highly advanced
civilization the Aztecs of Mexico at one time their empire
stretched throughout central and North America.
Their capital city featured towering pyramids and beautiful
palaces.
But the conquistadors were shocked to discover that the Aztecs
practiced a barbaric religious ritual of human sacrifice.
In fact, the Aztecs, from ancient times to the 1500s, may have
sacrificed more people to their gods than any other culture
in human history.
When the great temple was dedicated in 1487, priests sacrificed
thousands of people in a single day.
The Aztecs sacrificed to all the gods and goddesses often
through bloodletting on the heights of the pyramids.
Again, we find that this was not a primitive culture compared
to the rest of the world at that time.
It was a highly advanced society of artists, craftsmen, and
priests. Yet they spilled more human blood tot heir gods
than any other culture in history.
One account by a Spanish conquistador tells of a skull rack
containing 136,000 heads of victims who had been ritually
murdered.
The Spanish were horrified. In response, they massacred the
Aztecs, tore down their temple and built -
a cathedral in its place.
Gold and silver are higher this morning with the dollar, the British pound and commodity currencies falling in value. It is too early to tell whether the recent margin driven, paper sell off on the COMEX is over but physical supply remains limited while demand remains robust, particularly in China, India and wider Asia.
Knowledgeable experts continue to urge investors to own gold and silver due to the likelihood of much higher prices, currency and inflation risk.
One of the most respected global technical and macro strategists in the world, Robin Griffiths has said that silver and gold could rise to $450 and $12,000 per ounce respectively due to the debasement of paper currencies.
Dow Jones to Gold Ratio - 50 Years (Quarterly)
Griffiths was chief technical strategist with HSBC for over 20 years, has 44 years investment experience and now works for Cazenove Capital, one of the oldest investment houses in the world tracing its origins back to the 17th century. It manages money on behalf of blue blooded clients and is widely believed to manage some of the British Royal family's wealth.
When asked by King World News if his $350 target was a realistic price level for silver Griffiths stated, "That is absolutely not unrealistic. If you adjust the old all-time high for inflation...that gives you $450 for silver. Then you add in the fact that they are printing money, you can take it higher than that without any difficulty at all."
Dow Jones Industrial Average - 50 Years (Quarterly)
Griffiths told King World News that "Bulls (bull markets) are very successful at wobbling people out at the wrong time. "
Griffiths has previously said that not owning gold today is a form of insanity and "may even show unhealthy masochistic tendencies, which might need medical attention." (see here)
He has also critiqued the western media's superficial coverage of gold and their resort to Warren Buffett's ignorant comments on gold despite money printing and international currency debasement on a scale never before seen in history .
Meanwhile perhaps the leading commodity expert of our time, Jim Rogers, has said that silver was not and is not a bubble.
Regarding the recent price correction he said, "I don't know what caused it maybe it was short covering, maybe it was rumors. I have no idea." He continued "silver went down a great deal but if you raise margin requirements 150%-200% you would expect something to collapse," he added.
"I hardly see how silver could be a bubble when, even at its top, it's still below its all-time high. That's not much of a bubble."
If it goes to $150 this year, all other things being equal, then I'd say you better sell your silver. If it goes to $150 in 10 years then I would say that's a normal progression up and that's the way things work. But if the U.S. dollar suddenly turns into confetti then you better hold your silver at $200. So it depends on the circumstances and the timing more than anything else.
Since 2003, GoldCore have said that gold and silver would reach their inflation adjusted highs of $2,400/oz and $130/oz. Our estimates appear increasingly conservative especially given the fact that the official inflation statistics have been debased over the years and are not an accurate reflection of real inflation.
Predicting the future price of any asset class is impossible. Predicting that gold and silver will continue to protect against financial and economic shocks and crashes and global currency debasement is possible.
The current correction should be used as another buying opportunity in order to protect against the continuing extraordinary degree of macroeconomic, monetary and geopolitical risk in the world.
SILVER (Ag) PRODUCERS
& Related Juniors:
in no particular order
Franklin Mining, Inc. -
http://www.franklinmining.com/aboutfranklin/ourhistory.html
http://www.investorshub.com/boards/board.asp?board_id=5810
CDE Mission -
http://www.investorshub.com/boards/read_msg.asp?message_id=19737387
http://www.investorshub.com/boards/read_msg.asp?message_id=14119376
2005, Pan American -
increased its interest in San Vicente to 55% -
the Company also negotiated another toll milling
agreement with EMUSA -
under which ore will be processed at a nearby -
facility until the mill on site at -
San Vicente - is to be refurbished in 2006 -
www.ivarkreuger.com/metalcharts.htm
http://www.investorshub.com/boards/read_msg.asp?message_id=12004807
Atlantis in the Andes -
http://video.google.ca/videoplay?docid=-3316733253690634802&q=INCA+bolivia
Bolivia is the landlocked "heart" of South America -
http://www.investorshub.com/boards/read_msg.asp?message_id=15778588
http://video.google.ca/videoplay?docid=-5321262859749832389&q=INCA+bolivia
Looking down from the 6088m high summit -
of Huayna Potosi in Bolivia -
http://www.investorshub.com/boards/read_msg.asp?message_id=15778088
http://video.google.ca/videoplay?docid=-7631799111262366547&q=INCA+bolivia
http://video.google.ca/videoplay?docid=165116598393419221&q=INCA+bolivia
http://video.google.ca/videoplay?docid=3517786178230461443&q=INCA+bolivia
Silver LT following Rhodium -
Rh is frontrunner to Ag -
The Old Franklin Mines -
- has been trading above $100.00/share by Franklin Mines -
owned in US - still own them -
FMNJ - now also Cerro Rico interest -
- history often repeat itself -
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
THE FRANKLIN WANTS YOUR:
SUPPORTS, Tia -
Amen
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News), working through two
Bolivian subsidiaries, is today confirming that a
Letter of Intent has been signed with COMIBOL for
mining operations at - The Cerro Rico Mine -
in Potosi -
http://tinyurl.com/y54k7r
Silver - history - very Long Term LT oversold - undervalued -
the manipulation creates hardship for Silver miners worldwide -
in the future it will explode - the more manipulation -
the higher Silver will fly -
(to see the 600yearsilver chart chart - put your mouse arrow to the box -
use the right side -
button on your mouse -
click view image)
"We have gold because we cannot trust Governments."
President Herbert Hoover
dd....
http://www.publicgold.com/tryit
dd....
http://www.PublicGold.com/tryit.net
Biggest Scam In History -
(speakers on )
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
Video Info - What is -
Money, Banking and the Federal Reserve -
Link (on the left index-column) -
http://www.ivarkreuger.com
- are the banksters naked short selling? -
- US stock shares? -
- You to be the judge! -
SILVER Monthly Long Term -
http://www.mrci.com/pdf/si.pdf
SILVER Monthly Short Term -
This oscillator shows strength & weakness in the price movements
with highs being in the sell zone & lows being in the buy zone.
http://www.silverinstitute.org/news/index.php
First Quarter Silver News 2006
http://www.silverinstitute.org/news/1q06.pdf
Commodity Fundamentals -
http://www.apexsilver.com/home.html
Welcome to join and enjoy SILVER (Ag) PRODUCERS -
InvestorsHub forum...
tell us your opinion and
ask your questions...
Imo. Tia.
Brgds.
Bob
Precious Metals Spot Price's -
Silver Charts In Global Currencies
Australian Dollar British Pound Canadian Dollar
Chinese Renminbi European Euro Indian Rupee
Japanese Yen Swiss Franc South African Rand
updated weekly
http://www.goldrush21.com/
The Hebrew word for money is "keceph", which
is translated to mean "silver."
Silver Supply & Demands -
Banking cartel info -
http://www.netcastdaily.com/broadcast/fsn2006-1028-2b.m3u
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
Precious Metal Charts Page -
http://tinyurl.com/8bhho
Gold Bullion Weekly compared to fiat Currency Chart Page -
http://www.netcastdaily.com/broadcast/fsn2006-1118-1.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2b.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2c.m3u
A must see video clip on the Federal Reserve -
and the current state of the Dollar...
http://www.freedomtofascism.com/blog/2006/12/michael-badnarik-on-federal-reserve.html
Those who make peaceful REVOLUTION impossible will
make violent REVOLUTION inevitable.
- John F. Kennedy
Shut Down The Federal Reserve: Save America!
http://www.ipetitions.com/petition/AFTF_P_1/
†With God all things are possible†
by: todd h
ROB-TV in exposing the Gold price suppression scheme -
http://www.youtube.com/watch?v=GbPetrK_6Lc&mode=related&search=
Join GATA -
http://www.GATA.org.
Gold Show -
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
http://www.cambridgeconferences.com/
TIA.
Silver - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction -
4 more LT Bull waves to Go -
Gold - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction -
4 more LT Bull waves to Go -
(Elliott Wave 5-wave Elliott Pattern)
2007 Outlook for Gold and Silver -
http://tinyurl.com/ueno9
of GoldSeek.com and SilverSeek.com says that
dollar weakness could push up price...
Silver Brothers -
http://www.silverbrothers.com/index.html
THE FIRST GREAT GOLD RUSH began in 1971....
and Gold followed Silver Bull....
Second wave LT trend started - of the 5-wave Elliott pattern -
THE FIRST GREAT GOLD RUSH began in 1971...
gold prices ran from $35 to over $700, a twentyfold rise!
A decade later, prices settled near $300,
nearly a tenfold increase!
THE SECOND GREAT GOLD RUSH, Phase One began in 2001....
gold prices have run from $275 to over $675 (25% growth/year!)
Not bad, but this is still just the warm up phase!
THE SECOND GREAT GOLD RUSH, Phase Two begins in 2007...
gold prices are expected to climb above $750 this year!
If gold prices rise twenty-fold from $275,
that's a $5,500 peak price,
with gold settling near $2,750,
a tenfold increase and 400% higher than today's price.
Investing in Silver: Silver Has Enduring Value
http://www.sim.org/
http://tinyurl.com/y824mv
http://www.flw.com/merry.htm
http://www.victorious.com/reports/ccane.htm
http://www.vatican.va
http://tinyurl.com/365wag
Gold & Silver is Money = not paper, not electronic credits,
not chips and not polo-ticz fiatz666counterfeitz -
The Fiat Money System -
Dr. Bill Veith in studio w/ Alex Jones -
http://tinyurl.com/y3gdzh
http://www.ushistory.org/franklin/info/benshow.htm
http://www.ushistory.org/tour/tour_christc.htm
http://www.ushistory.org/tour/tour_fcourt.htm
http://www.ushistory.org/tour/tour_franklinsq.htm
http://www.ushistory.org/index.html
http://www.informationliberation.com/?id=12389
GATA WILL DEMAND TRUTH - ABOUT U.S. GOLD RESERVES -
Contributions may be sent to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Connecticut 06043-7541
USA
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://tinyurl.com/uq9kf
The Financial System Is A Farce -
http://www.sprott.com/pdf/marketsataglance/10_2007.pdf
by Eric Sprott who spells it our clearly -
http://www.usaidbolivia.org.bo/
http://www.usaidbolivia.org.bo/US/PressReports.htm
The United States Mission in Bolivia -
http://bolivia.usembassy.gov/english/about.htm
http://bolivia.usembassy.gov/
http://www.rothschild.com/history/
Colorado And Utah Oil Shale Deposits To Rival OPEC Oil Reserves
May 2007 | Industry News
According to the US Geological Survey (USGS),
the oil shale deposits in the US are likely to hold
as much as 1.5 trillion barrels (bbl) of Oil & Gas ....
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
Presbyterian Church (U.S.A.) - Joining Hands -
Illuminating the life of child miners in Bolivia -
http://www.pcusa.org/joininghands/stories/bolivia_cerror_rico.htm
God Bless You, and the USA missions -
http://www.youtube.com/watch?v=-Rnf7DS5YlQ
In God We Trust -
God Bless
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