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THEODORE BUTLER SILVER ARCHIVES -
Articles will answer many questions -
some article explains in simple, easy to
understand terms what the world is facing.
You MUST be in fixed commodities of some sort.
In other words I think Gold will triple,
silver will be 6-7x current price.
Non-precious metals are more difficult to predict,
but will often follow Gold as a Mother -
some they won't break below their 200dma unless
there is a prolonged WORLDWIDE depression.
In fact they will probably continue to rally based
on dollar devaluation.
Where to keep your assets?
Spend a couple of hours reading all the articles
to fully understand how the markets have been
manipulate.
This includes the fact that short position on silver
is equivalent to yearly production.
At some point the short squeeze will come...and
it will be a doozy!
The commodity bull market is going to make the
internet boom of the 90's stock market look like
a small grenade compared to the nuclear weapon
detonation that will ensue.
Remember, the federal reserve MUST inflate its way
out of this mess.
If it doesn't there will be rioting and chaos.
Inflation is running rampant and will increase!!!
The general public just doesn't grasp it yet? -
May I suggest you visit the following sites:
http://www.butlerresearch.com/archive_free.html
http://www.investorshub.com/boards/read_msg.asp?message_id=11144779
http://www.investorshub.com/boards/board.asp?board_id=5406
To All Longs - Contact - The Homeland Security -
- The Homeland Security -
http://www.dhs.gov/dhspublic/index.jsp
- Its time the Law Enforcements -
start to clean up the naked short sellers
illegal activites -
- only todays volume 371,166,400 shares -
how many sold naked? - they sold illegal? -
what they don't own? -
put them in prison? -
it has gone on to long time -
its a terrorist activity -
(or snorting brokerz? 50% in some towns?
don't care about clients money?)
to destroy American companies? -
Homeland Security - Long Arm -
should absolute get involved -
and help the SEC who can't alone handle -
the illegal activities -
the SEC has to small dep. to handle
the massive illegal nss naked short sellers -
terrorists -
the SEC is like the borderline guards -
along Mexico border - to few to handle -
the illegal activities -
needs Army force to help out etc.
All Long Shareholders should e-mail -
the Homeland Security - Long Arm -
ask to investigate the terrorist activities!!! -
tell them about the -
illegal naked short selling -
the faster the better -
the nss try to kill the company so they don't
have to cover their illegal activities!? -
it has to take some time for -
the Homeland Security -
Force - SEC. - to investigate -
and go over all records of the naked short sellers -
bolshevikz - leftz -
A.S.A.P. the better -
Volume 371,166,400 shares -
something is total insane? -
to high - who will naked short sell? -
a Gem Gold company like UNCN? -
from above $ to pennies -
is not making any sense?
IMO!!
Ps.
- or is it China who want to take over
all good US Gold Resources for peanuts? -
are they naked short selling all stocks
they want to get the prices down low
before the take over bids?
WHO Are the anti-American attacking the small companies
first - because the small are the miners -
who don't have a 24 hour defence department
at the computers etc?
========================
UNCN - bulls have long nice run back UP -
to be as soon as we get the illegal naked short sellers -
to get the margins calls -
squeeeeezzzed to cover - to buy back what they sold-
when no Longs want to sell - or go to jail!!!
When do You want UNCN to go back UP? -
to fair market values? - its Up to You -
UNCN -- Unico, Inc.
If You Longs ask - You may get what You want -
if u don't ask u may not get it all -
i Trust The US Law -
Long Arms -
Imo. Tia.
Brgds
--
Posted on another -
UNCN forum.
To All FMNJ Longs to contact - The Homeland Security -
- The Homeland Security -
http://www.dhs.gov/dhspublic/index.jsp
- Its time the Law Enforcements -
start to clean up the nss naked short sellers
illegal activites -
it has gone on to long time -
its a terrorist activity -
to destroy American companies -
Homeland Security - Long Arm -
should absolute get involved -
and help the SEC who can't alone handle -
the illegal activities -
the SEC has to small dep. to handle
the massive illegal nss naked short sellers -
terrorists -
the SEC is like the borderline guards -
along Mexico border - to few to handle -
the massive illegal activities -
needs Army force to help out etc.
All Long Shareholders should e-mail -
the Homeland Security - Long Arm -
ask to investigate the terrorist activities!!! -
tell them about the - inss -
illegal naked short selling -
the faster the better -
the nss try to kill the company so they don't
have to cover their illegal activities!? -
it has to take some time for -
the Homeland Security -
Force - SEC. - to investigate -
and go over all records of the naked short sellers -
bolshevikz - leftz -
A.S.A.P. the better -
Volume 5.48 m -
to high for who will sell -
a Gem Gold company like FMNJ? -
from above $100 to pennies -
is not making any sense?
IMO!!
Ps.
- or is it China who want to take over
all good US Gold Resources for peanuts? -
are they naked short selling all stocks
they want to get the prices down low
before the take over bids?
WHO Are the anti-American attacking the small companies
first - because the small are the miners -
who don't have a 24 hour defence department
at the computers etc?
========================
The above post is from
another forum.
Tell All Longs to contact - The Homeland Security -
- The Homeland Security -
http://www.dhs.gov/dhspublic/index.jsp
- Its time the Law Enforcements -
start to clean up the naked short sellers
illegal activites -
it has gone on to long time -
its a terrorist activity -
to destroy American companies -
Homeland Security - Long Arm -
should absolute get involved -
and help the SEC who can't alone handle -
the illegal activities -
the SEC has to small dep. to handle
the massive illegal nss naked short sellers -
terrorists -
the SEC is like the borderline guards -
along Mexico border - to few to handle -
the illegal activities -
needs Army force to help out etc.
All Long Shareholders should e-mail -
the Homeland Security - Long Arm -
ask to investigate the terrorist activities!!! -
tell them about the -
illegal naked short selling -
the faster the better -
the nss try to kill the company so they don't
have to cover their illegal activities!? -
it has to take some time for -
the Homeland Security -
Force - SEC. - to investigate -
and go over all records of the naked short sellers -
bolshevikz - leftz -
A.S.A.P. the better -
Volume 5.48 m -
to high for who will sell -
a Gem Gold company like FMNJ? -
from above $100 to pennies -
is not making any sense?
IMO!!
Ps.
- or is it China who want to take over
all good US Gold Resources for peanuts? -
are they naked short selling all stocks
they want to get the prices down low
before the take over bids?
WHO Are the anti-American attacking the small companies
first - because the small are the miners -
who don't have a 24 hour defence department
at the computers etc?
========================
The above post is from
another forum.
Tell All Longs to contact - The Homeland Security -
- The Homeland Security -
http://www.dhs.gov/dhspublic/index.jsp
- Its time the Law Enforcements -
start to clean up the naked short sellers
illegal activites -
it has gone on to long time -
its a terrorist activity -
to destroy American companies -
Homeland Security - Long Arm -
should absolute get involved -
and help the SEC who can't alone handle -
the illegal activities -
the SEC has to small dep. to handle
the massive illegal nss naked short sellers -
terrorists -
the SEC is like the borderline guards -
along Mexico border - to few to handle -
the illegal activities -
needs Army force to help out etc.
All Long Shareholders should e-mail -
the Homeland Security - Long Arm -
ask to investigate the terrorist activities!!! -
tell them about the -
illegal naked short selling -
the faster the better -
the nss try to kill the company so they don't
have to cover their illegal activities!? -
it has to take some time for -
the Homeland Security -
Force - SEC. - to investigate -
and go over all records of the naked short sellers -
bolshevikz - leftz -
A.S.A.P. the better
IMO!!
Ps.
- or is it China who want to take over
all good US Gold Resources for peanuts? -
are they naked short selling all stocks
they want to get the prices down low
before the take over bids?
WHO Are the anti-American attacking the small companies
first - because the small are the miners -
who don't have a 24 hour defence department
at the computers etc?
========================
If You Longs ask You may get what You want -
if u don't ask u may not get it -
i will pray for all -
another 88-8 -
Lord phenomen? -
http://www.888c.com/
========================
The above post is from
another forum.
Copper regains bullish mood in price reversal: LME -
16 May 2006
Source: Dow Jones
London Metal Exchange three-month copper
staged a strong finish to Tuesday's afternoon
kerb, closing up 1.7% on the previous PM kerb
price, following a day of thin but
bullish interest, market participants said.
European trading opened in a bearish mood with buying only coming to the fore following a large, 4,925 metric ton drawdown in LME copper inventories. Copper's reversal also triggered similar moves in the remainder of the complex; after an earlier pullback to $19,100/ton, nickel finished late kerb $495 higher at $20,445/ton. Zinc also staged a turnaround; rising off intra-day low's at $3,155/ton to finish late kerb at $3,470/ton.
Copper was at $8,320/ton at late PM kerb in London, up $140 on the previous day's kerb close and $525 higher than earlier intra-day lows. Prices moved higher still in after-market trade, touching an intra-day high of $8,405/ton.
Separately, LCH.Clearnet, which clears trades for the LME, has again sharply raised its initial margins for most LME contracts. UBS says the move is likely to increase volatility by reducing liquidity in the market by making it difficult for short position holders to retain their positions.
LME aluminium attracted some trade buying at lower prices seen earlier in the session but bearishness reversed in line with copper's move higher. Aluminium closed just shy of resistance at $3000/ton, up $19 at $2,970/ton.
3 months metal (prices in dollars a ton)
Bid – Ask, Change from Monday PM kerb
Copper 8320.00-8325.00, Up 140.00
Lead 1222.00-1224.00, Up 22.00
Zinc 3470.00-3471.00, Up 56.00
Aluminium 2970.00-2975.00, Up 19.00
Nickel 20445.00-20450.00, Up 495.00
Tin 9000.00-9050.00, Up 25.00
RE: FRANKLIN MINING - FMNJ - History in Series -
Continuation - Overview # 1 - 4 -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of -
the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't under estimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note.
Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History Overview # 1. - # 4. -
of Old Franklin Gold Mines -
History -
Seaton Gold Mine -
RE: Franklin Mining - FMNJ - History # 1.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11097356
RE: Franklin Mining - FMNJ - History # 2.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11100286
RE: Franklin Mining - FMNJ - History # 3.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11122410
RE: Franklin Mining - FMNJ - History # 4.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11128898
Note.
FMNJ - Franklin Bolivian Subsidiaries -
Mission Intentions - In negotiations -
Bolivia for a series of meetings with YPFB
and COMIBOL in Santa Cruz and Potosi.
Meetings with YPFB executives will include
discussions of the
Franklin Oil & Gas, Bolivia and YPFB partnership's
plans for construction and operation of a
gas-to-liquid plant in Santa Cruz.
The COMIBOL meetings will include
a presentation and discussion of the Franklin Mining,
Bolivia and COMIBOL joint venture for mining
operations in the Cerro Rico Mine.
Franklin Oil & Gas, Bolivia,
is a Bolivian corporation and
has previously signed a Memorandum of Understanding
with YPFB for construction and operation of a
# 1. gas-to-liquid plant in the
Santa Cruz department.
Our MOU appears to be in full accord with requirements -
of President Morales' decree.
"Franklin Oil & Gas, Bolivia,
continues working with their La Paz attorney,
Quintanilla & Soria, and continues to move forward -
with implementation of our YPFB partnership agreement.
The Franklin Oil & Gas,
Bolivia and YPFB partnership MOU -
signed last week might be the first new operating
contract under President Morales' May 1 decree.
Contract negotiations ongoing - both parties to respect
a quiet period to all Memorandum contracts -
are Signed by both parties -
Franklin Mining -
with more than 100 years of Great mining history in
the U.S.A. -
looking forward to a more than 100 years of future
in Bolivia to repeat -
The Franklin Great mining history -
in Bolivia -
FMNJ - Shareholders patience and understanding to
respect the quiet period is appreciated. TIA.
if You know of any old -
Franklin Gold Mines -
Great history -
please contribute -
the history often repeat itself -
Tia.
http://tinyurl.com/zdggd
Make sure to do your own
DD -- don't listen to me -
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob,
In God We Trust -
http://www.investorshub.com/boards/board.asp?board_id=5406
RE: FRANKLIN MINING - FMNJ - History in Series -
Continuation - Overview # 1 - 4 -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of -
the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't under estimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note.
Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History Overview # 1. - # 4. -
of Old Franklin Gold Mines -
History -
Seaton Gold Mine -
RE: Franklin Mining - FMNJ - History # 1.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11097356
RE: Franklin Mining - FMNJ - History # 2.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11100286
RE: Franklin Mining - FMNJ - History # 3.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11122410
RE: Franklin Mining - FMNJ - History # 4.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11128898
Note.
FMNJ - Franklin Bolivian Subsidiaries -
Mission Intentions - In negotiations -
Bolivia for a series of meetings with YPFB
and COMIBOL in Santa Cruz and Potosi.
Meetings with YPFB executives will include
discussions of the
Franklin Oil & Gas, Bolivia and YPFB partnership's
plans for construction and operation of a
gas-to-liquid plant in Santa Cruz.
The COMIBOL meetings will include
a presentation and discussion of the Franklin Mining,
Bolivia and COMIBOL joint venture for mining
operations in the Cerro Rico Mine.
Franklin Oil & Gas, Bolivia,
is a Bolivian corporation and
has previously signed a Memorandum of Understanding
with YPFB for construction and operation of a
# 1. gas-to-liquid plant in the
Santa Cruz department.
Our MOU appears to be in full accord with requirements -
of President Morales' decree.
"Franklin Oil & Gas, Bolivia,
continues working with their La Paz attorney,
Quintanilla & Soria, and continues to move forward -
with implementation of our YPFB partnership agreement.
The Franklin Oil & Gas,
Bolivia and YPFB partnership MOU -
signed last week might be the first new operating
contract under President Morales' May 1 decree.
Contract negotiations ongoing - both parties to respect
a quiet period to all Memorandum contracts -
are Signed by both parties -
Franklin Mining -
with more than 100 years of Great mining history in
the U.S.A. -
looking forward to a more than 100 years of future
in Bolivia to repeat -
The Franklin Great mining history -
in Bolivia -
FMNJ - Shareholders patience and understanding to
respect the quiet period is appreciated. TIA.
Brgds
Bob,
http://www.investorshub.com/boards/board.asp?board_id=5406
RE: FRANKLIN MINING - FMNJ - History # 4.
in the Serie - continuation -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of -
the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Gold, Silver & Copper Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note.
Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History # 4 in the serie -
cont. from # 3rd -
of Old Franklin Gold Mines -
History -
Franklin Mining - owns -
The Seaton Gold Mines -
Near the head of Boomerang Gulch,
but below the upper road, can be seen
(from left to right) dumps from
the Brighton shaft, the Fourth of
July/Little Emma adit and the Bride portals.
The Bride has the wooden ore chute and ore bin.
Intersection with upper road coming down Virginia
Canyon. At the road intersection. Turn left onto
lower road.
The timbers visible on the left near this
chicken-track four-way road junction are actually
the caved portal or the Remington Tunnel (or adit)
that was worked off and on until the 1950s.
Al Mosch and his buddies played in this mine during
the early 50s and it was here that he met Pat, his
wife to be.
The mine across the road (to the right) is named
the MIX.
It is one of a few mines in Virginia Canyon where
vandals haven't completely destroyed the surface
buildings.
To the right is the adit of the Keystone mine.
It connects with a shaft from the surface that extends
well below the adit level.
Most of the rocks here are gneiss units with small
bodies of amphibolite.
There are several short adits along the road that
were driven for the exploration of the Champion,
Jenny Lind, Ethel and Hart Man lode claims.
A prospector had to find a vein and open it
sufficiently with adits or shafts to expose
the ore in order to obtain a title to the lode or
vein through a patent from the U.S. Government.
Most of the claims in the Virginia Canyon area are
150 feet wide and 1500 feet long
(a little over 5 acres in size).
The very early claims like the Crystal, Kangaroo,
and the Seaton were only 50 feet wide, and varied
in length from 50 to 3000 feet.
The Crystal Vein crosses Virginia Canyon at this
elevation.
William Bell who also found the John Paul Jones
discovered the Crystal in 1861.
The Fulton Mining Company on the east side of the
canyon and the Star Gold Mining Company on the west
side of the canyon both owned and operated this vein.
W.E.Sisty of Idaho Springs who had located a claim
on the Crystal in 1862 served as the agent for
the Fulton Mining Company and the Crystal mine.
Sisty was the first recorder for the Idaho Mining
District, organized in July 1860.
He also helped lay out the townsite of Idaho Springs
in 1860.
Ore at the surface of a vein often contained
"free gold" that had been released from the
surrounding sulfide vein material by acids formed
by vegetation and rain or ground water.
The early prospectors recovered this by crushing the
ore in an arrastra or a stamp mill.
An arrastra was a circular rock-lined pit in which
broken ore was pulverized using stones attached to a
horizontal pole fastened on a central pillar and
dragged around a pit. (An early arrastra found near
Dumont is exhibited on the lawn of
the Idaho Springs Library).
The Gold was then recovered by panning, or by
amalgamation with mercury.
By 1867, the Star Gold Mining Company had run
an adit 200 feet west on the Crystal vein to
connect with a 150 foot shaft.
They had several other deep shafts on the vein,
and had constructed a water-powered 40-stamp mill
on Payne’s Bar at Idaho Springs to crush and
process their ore.
Production from the Crystal prior to 1889 was over
$150,000 and an additional 480 ounces of gold and
17,300 ounces of silver was mined between 1889 and
1916.
Little evidence remains today to show there is
a 790-foot adit hidden in the mountainside as well
as other extensive workings.
Everything did not got recorded -
not all the melons pockets of rich Gold nuggets -
and not the free pure gold which fall in to -
some of the cowboys boots?
Note.
Don't under estimate the Old-timers -
- the US Real Miners - who made -
U.S.A. Great.
Franklin Gold Mines -
should be proud to be the owner to
one of the first US Great Gold Mines -
i am honored to have owned some shares
for long time and been able to -
buy more is a Great gift -
would never sale any ! -
my FMNJ shares will be past on to
help my next generation -
FMNJ - will soon rediscover
what great assets are in the
FMNJ Mines safest safetybox -
down below 1000' to the
20000' deepth is saved -
most veins gets wider and richer
the deeper down the mine goes -
for the modern Hi-tech mining
state of art mining methods today -
goes easy to below 20000' -
the Old-timers hard work only got
a sniff of the treasures -
and still showing theirs sons
were to find the Gold -
if You know of any old -
Franklin Gold Mines -
Great history -
please contribute -
the history often repeat itself -
Tia.
http://tinyurl.com/zdggd
Make sure to do your own
DD -- don't listen to me -
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
.
RE: FRANKLIN MINING - FMNJ - History # 4.
in the Serie - continuation -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of -
the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Gold, Silver & Copper Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note.
Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History # 4 in the serie -
cont. from # 3rd -
of Old Franklin Gold Mines -
History -
Franklin Mining - owns -
The Seaton Gold Mines -
Near the head of Boomerang Gulch,
but below the upper road, can be seen
(from left to right) dumps from
the Brighton shaft, the Fourth of
July/Little Emma adit and the Bride portals.
The Bride has the wooden ore chute and ore bin.
Intersection with upper road coming down Virginia
Canyon. At the road intersection. Turn left onto
lower road.
The timbers visible on the left near this
chicken-track four-way road junction are actually
the caved portal or the Remington Tunnel (or adit)
that was worked off and on until the 1950s.
Al Mosch and his buddies played in this mine during
the early 50s and it was here that he met Pat, his
wife to be.
The mine across the road (to the right) is named
the MIX.
It is one of a few mines in Virginia Canyon where
vandals haven't completely destroyed the surface
buildings.
To the right is the adit of the Keystone mine.
It connects with a shaft from the surface that extends
well below the adit level.
Most of the rocks here are gneiss units with small
bodies of amphibolite.
There are several short adits along the road that
were driven for the exploration of the Champion,
Jenny Lind, Ethel and Hart Man lode claims.
A prospector had to find a vein and open it
sufficiently with adits or shafts to expose
the ore in order to obtain a title to the lode or
vein through a patent from the U.S. Government.
Most of the claims in the Virginia Canyon area are
150 feet wide and 1500 feet long
(a little over 5 acres in size).
The very early claims like the Crystal, Kangaroo,
and the Seaton were only 50 feet wide, and varied
in length from 50 to 3000 feet.
The Crystal Vein crosses Virginia Canyon at this
elevation.
William Bell who also found the John Paul Jones
discovered the Crystal in 1861.
The Fulton Mining Company on the east side of the
canyon and the Star Gold Mining Company on the west
side of the canyon both owned and operated this vein.
W.E.Sisty of Idaho Springs who had located a claim
on the Crystal in 1862 served as the agent for
the Fulton Mining Company and the Crystal mine.
Sisty was the first recorder for the Idaho Mining
District, organized in July 1860.
He also helped lay out the townsite of Idaho Springs
in 1860.
Ore at the surface of a vein often contained
"free gold" that had been released from the
surrounding sulfide vein material by acids formed
by vegetation and rain or ground water.
The early prospectors recovered this by crushing the
ore in an arrastra or a stamp mill.
An arrastra was a circular rock-lined pit in which
broken ore was pulverized using stones attached to a
horizontal pole fastened on a central pillar and
dragged around a pit. (An early arrastra found near
Dumont is exhibited on the lawn of
the Idaho Springs Library).
The Gold was then recovered by panning, or by
amalgamation with mercury.
By 1867, the Star Gold Mining Company had run
an adit 200 feet west on the Crystal vein to
connect with a 150 foot shaft.
They had several other deep shafts on the vein,
and had constructed a water-powered 40-stamp mill
on Payne’s Bar at Idaho Springs to crush and
process their ore.
Production from the Crystal prior to 1889 was over
$150,000 and an additional 480 ounces of gold and
17,300 ounces of silver was mined between 1889 and
1916.
Little evidence remains today to show there is
a 790-foot adit hidden in the mountainside as well
as other extensive workings.
Everything did not got recorded -
not all the melons pockets of rich Gold nuggets -
and not the free pure gold which fall in to -
some of the cowboys boots?
Note.
Don't under estimate the Old-timers -
- the US Real Miners - who made -
U.S.A. Great.
Franklin Gold Mines -
should be proud to be the owner to
one of the first US Great Gold Mines -
i am honored to have owned some shares
for long time and been able to -
buy more is a Great gift -
would never sale any ! -
my FMNJ shares will be past on to
help my next generation -
FMNJ - will soon rediscover
what great assets are in the
FMNJ Mines safest safetybox -
down below 1000' to the
20000' deepth is saved -
most veins gets wider and richer
the deeper down the mine goes -
for the modern Hi-tech mining
state of art mining methods today -
goes easy to below 20000' -
the Old-timers hard work only got
a sniff of the treasures -
and still showing theirs sons
were to find the Gold -
if You know of any old -
Franklin Gold Mines -
Great history -
please contribute -
the history often repeat itself -
Tia.
http://tinyurl.com/zdggd
Make sure to do your own
DD -- don't listen to me -
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
.
RE: FRANKLIN MINING - FMNJ - History in Series -
Continuation - Overview # 1 - 3 -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of -
the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't under estimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note.
Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History Overview # 1. - # 3. -
of Old Franklin Gold Mines -
History -
Seaton Gold Mine -
RE: Franklin Mining - FMNJ - History # 1.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11097356
RE: Franklin Mining - FMNJ - History # 2.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11100286
RE: Franklin Mining - FMNJ - History # 3.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11122410
Note.
FMNJ - Franklin Bolivian Subsidiaries -
Mission Intentions - In negotiations -
Bolivia for a series of meetings with YPFB
and COMIBOL in Santa Cruz and Potosi.
Meetings with YPFB executives will include
discussions of the
Franklin Oil & Gas, Bolivia and YPFB partnership's
plans for construction and operation of a
gas-to-liquid plant in Santa Cruz.
The COMIBOL meetings will include
a presentation and discussion of the Franklin Mining,
Bolivia and COMIBOL joint venture for mining
operations in the Cerro Rico Mine.
Franklin Oil & Gas, Bolivia,
is a Bolivian corporation and
has previously signed a Memorandum of Understanding
with YPFB for construction and operation of a
# 1. gas-to-liquid plant in the
Santa Cruz department.
Our MOU appears to be in full accord with requirements -
of President Morales' decree.
"Franklin Oil & Gas, Bolivia,
continues working with their La Paz attorney,
Quintanilla & Soria, and continues to move forward -
with implementation of our YPFB partnership agreement.
The Franklin Oil & Gas,
Bolivia and YPFB partnership MOU -
signed last week might be the first new operating
contract under President Morales' May 1 decree.
Contract negotiations ongoing - both parties to respect
a quiet period to all Memorandum contracts -
are Signed by both parties -
Franklin Mining -
with more than 100 years of Great mining history in
the U.S.A. -
looking forward to a more than 100 years of future
in Bolivia to repeat -
The Franklin Great mining history -
in Bolivia -
FMNJ - Shareholders patience and understanding to
respect the quiet is appreciated. TIA.
Brgds
Bob,
In God We Trust.
RE: FRANKLIN MINING - FMNJ - History in Series -
Continuation - Overview # 1 - 3 -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of -
the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't under estimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note.
Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History Overview # 1. - # 3. -
of Old Franklin Gold Mines -
History -
Seaton Gold Mine -
RE: Franklin Mining - FMNJ - History # 1.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11097356
RE: Franklin Mining - FMNJ - History # 2.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11100286
RE: Franklin Mining - FMNJ - History # 3.
in the Serie -
http://www.investorshub.com/boards/read_msg.asp?message_id=11122410
Note.
FMNJ - Franklin Bolivian Subsidiaries -
Mission Intentions - In negotiations -
Bolivia for a series of meetings with YPFB
and COMIBOL in Santa Cruz and Potosi.
Meetings with YPFB executives will include
discussions of the
Franklin Oil & Gas, Bolivia and YPFB partnership's
plans for construction and operation of a
gas-to-liquid plant in Santa Cruz.
The COMIBOL meetings will include
a presentation and discussion of the Franklin Mining,
Bolivia and COMIBOL joint venture for mining
operations in the Cerro Rico Mine.
Franklin Oil & Gas, Bolivia,
is a Bolivian corporation and
has previously signed a Memorandum of Understanding
with YPFB for construction and operation of a
# 1. gas-to-liquid plant in the
Santa Cruz department.
Our MOU appears to be in full accord with requirements -
of President Morales' decree.
"Franklin Oil & Gas, Bolivia,
continues working with their La Paz attorney,
Quintanilla & Soria, and continues to move forward -
with implementation of our YPFB partnership agreement.
The Franklin Oil & Gas,
Bolivia and YPFB partnership MOU -
signed last week might be the first new operating
contract under President Morales' May 1 decree.
Contract negotiations ongoing - both parties to respect
a quiet period to all Memorandum contracts -
are Signed by both parties -
FMNJ - Shareholders patience and understanding is
appreciated. TIA.
Brgds
Bob
RE: FRANKLIN MINING - FMNJ - History # 3 in Serie -
continuation -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note. Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History # 3 in the serie -
cont. from # 2nd -
of Old Franklin Gold Mines -
History -
Seaton Gold Mine -
At the bottom of the shaft, the vein was eighteen
inches
of nearly solid ore, consisting of galena,
gray copper, yellow copper, and iron pyrites.
The first-class ore brought $100 to
$180 per ton. The second-class ore milled out
from $90 to $100 per ton and the concentrating
ore ranged from $40 to $50 per ton.
The first class ore assayed at ¾ of an ounce of
gold, 170 ounces of silver per ton
with 4 to 6% copper.
4.5 The Casino Shaft -
(to the right and below the road)
has a 500-foot shaft that connects with
a 640 foot adit.
It produced considerable amounts of rich telluride ore.
In 1893, the Casino reported 82 pounds of ore that
contained 76 ounces of Gold and 18 ounces of silver.
An 82-pound, solid block or ore is about the size
of a small watermelon.
Below the road is the Foxhall Tunnel,
the lowest portal for the Seaton vein.
Crossing the Bullion-Interocean vein.
We are simply criss-crossing the section as we go
down the hill.
The road traverses tightly folded biotite gneisses
cut by a few Tertiary porphyry dikes.
Open stope on the right is the Metropolitan shaft.
STAY AWAY - from it -
Boreas adit is below the road on the left.
The Bride shaft is up the mountain on the right.
The Adits seen across the valley on the horizon
are the Ottawa (upper dump) and the Esmeralda
(lower dump)
These are located on the east side of Seaton Gulch.
Below in Boomerang Gulch,
lies the portal of the Idaho Tunnel that
was also called the Rattler Tunnel or Idaho-Bride Tunnel,
depending on which company was operating it.
The Idaho Tunnel starts in Boomerang Gulch and
heads into Seaton Mountain for over 700 feet.
It crosses nine different Gold veins, with
the Bride being the richest.
The Idaho Tunnel was operated until 1945!
In 1880,
The Consolidated Seaton Mountain Mining Company
was one of the most colossal enterprises under way
in Virginia Canyon.
The property
included 25 lodes that were to be intersected
by the Tunnel.
The average grade of the ores of the different
lodes ranged from $100 to $200 per ton in gold
and silver.
The tunnel, in 1880, was 600 feet long and
intersected the Inter-Ocean and the Carpenter.
The company organized on a capital of $50,000,000!!!
This same company owed the Colorado Tunnel that
opened on Sulphuret Hill, and then was projected
to penetrate Seaton Mountain in a different location.
Thomas B. Bryon, the Mayor of Idaho Springs,
managed all of this property.
The series of mine dumps on the eastern side of
Boomerang Gulch, extending from the bottom of
the gulch to the road, are on the Bullion-Interocean
vein.
Further up the gulch, but still below the main road
is the 1850-foot long Metropolitan Tunnel or
Boreas adit that accesses the Metropolitan and
Kangaroo veins.
Additional mine workings on the Metropolitan and
Kangaroo veins can be seen above the road.
The Kangaroo and the Metropolitan veins were
located in 1873 but weren't patented until 1882.
They contained ore ranging in Gold value from
.2 to 2 ounces per ton.
Most of the Gold mining was done prior to 1915 -
The Gold Mines were also most last worked to
the early 1940s -
when most of the US Miners volunteered for WWII -
and didn't returned back to the US Gold Country -
and kept the tradition since most Gold Miners
had also volunteered for WWI -
often as soon as the Miners heard the Christian Brothers
were in the war -
they put down all the tools and volunteered
to help the Brothers & Sisters.
Note.
Don't under estimate the Oldtimers -
- the US Real Miners - who made -
U.S.A. Great.
Franklin Gold Mines -
should be proud to be the owner to
one of the first US Great Mines -
i am honored to have owned some shares
for long time and been able to -
buy more is Great gift -
would never sale any ! -
my FMNJ shares will be past on to
help next generation -
FMNJ - will soon rediscover
what great assets are in the
FMNJ Mines safest safetybox -
down below 1000' to the
20000' deepth is saved -
for the modern Hi-tech
mining state of art
mining methods today -
the Old Timers only got
a sniff of the treasures -
and still showing theirs sons
were to find the Gold -
if You know of any old -
Franklin Mines - history -
please contribute -
the history often repeat itself -
Tia.
http://tinyurl.com/zdggd
.
RE: FRANKLIN MINING - FMNJ - History # 3 in Serie -
continuation -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Old Franklin Gold, Silver &
Copper Mines & Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note. Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History # 3 in the serie -
cont. from # 2nd -
of Old Franklin Gold Mines -
History -
Seaton Gold Mine -
At the bottom of the shaft, the vein was eighteen
inches
of nearly solid ore, consisting of galena,
gray copper, yellow copper, and iron pyrites.
The first-class ore brought $100 to
$180 per ton. The second-class ore milled out
from $90 to $100 per ton and the concentrating
ore ranged from $40 to $50 per ton.
The first class ore assayed at ¾ of an ounce of
gold, 170 ounces of silver per ton
with 4 to 6% copper.
4.5 The Casino Shaft -
(to the right and below the road)
has a 500-foot shaft that connects with
a 640 foot adit.
It produced considerable amounts of rich telluride ore.
In 1893, the Casino reported 82 pounds of ore that
contained 76 ounces of Gold and 18 ounces of silver.
An 82-pound, solid block or ore is about the size
of a small watermelon.
Below the road is the Foxhall Tunnel,
the lowest portal for the Seaton vein.
Crossing the Bullion-Interocean vein.
We are simply criss-crossing the section as we go
down the hill.
The road traverses tightly folded biotite gneisses
cut by a few Tertiary porphyry dikes.
Open stope on the right is the Metropolitan shaft.
STAY AWAY - from it -
Boreas adit is below the road on the left.
The Bride shaft is up the mountain on the right.
The Adits seen across the valley on the horizon
are the Ottawa (upper dump) and the Esmeralda
(lower dump)
These are located on the east side of Seaton Gulch.
Below in Boomerang Gulch,
lies the portal of the Idaho Tunnel that
was also called the Rattler Tunnel or Idaho-Bride Tunnel,
depending on which company was operating it.
The Idaho Tunnel starts in Boomerang Gulch and
heads into Seaton Mountain for over 700 feet.
It crosses nine different Gold veins, with
the Bride being the richest.
The Idaho Tunnel was operated until 1945!
In 1880,
The Consolidated Seaton Mountain Mining Company
was one of the most colossal enterprises under way
in Virginia Canyon.
The property
included 25 lodes that were to be intersected
by the Tunnel.
The average grade of the ores of the different
lodes ranged from $100 to $200 per ton in gold
and silver.
The tunnel, in 1880, was 600 feet long and
intersected the Inter-Ocean and the Carpenter.
The company organized on a capital of $50,000,000!!!
This same company owed the Colorado Tunnel that
opened on Sulphuret Hill, and then was projected
to penetrate Seaton Mountain in a different location.
Thomas B. Bryon, the Mayor of Idaho Springs,
managed all of this property.
The series of mine dumps on the eastern side of
Boomerang Gulch, extending from the bottom of
the gulch to the road, are on the Bullion-Interocean
vein.
Further up the gulch, but still below the main road
is the 1850-foot long Metropolitan Tunnel or
Boreas adit that accesses the Metropolitan and
Kangaroo veins.
Additional mine workings on the Metropolitan and
Kangaroo veins can be seen above the road.
The Kangaroo and the Metropolitan veins were
located in 1873 but weren't patented until 1882.
They contained ore ranging in Gold value from
.2 to 2 ounces per ton.
Most of the Gold mining was done prior to 1915 -
The Gold Mines were also most last worked to
the early 1940s -
when most of the US Miners volunteered for WWII -
and didn't returned back to the US Gold Country -
and kept the tradition since most Gold Miners
had also volunteered for WWI -
often as soon as the Miners heard the Christian Brothers
were in the war -
they put down all the tools and volunteered
to help the Brothers & Sisters.
Note.
Don't under estimate the Oldtimers -
- the US Real Miners - who made -
U.S.A. Great.
Franklin Gold Mines -
should be proud to be the owner to
one of the first US Great Mines -
FMNJ - will soon rediscover
what great assets are in the
FMNJ Mines safest safetybox -
down below 1000' to the
20000' deepth is saved -
for the modern Hi-tech
mining state of art
mining methods today -
the Old Timers only got
a sniff of the treasures -
and still showing theirs sons
were to find the Gold -
if You know of any old -
Franklin Mines - history -
please contribute -
the history often repeat itself -
Tia.
http://tinyurl.com/zdggd
.
FMNJ - Overall, "Global Readjustment -
is taking place, and the short of it is --
the U.S. dollar is losing its dominance,
Peter Spina, chief investment strategist
at GoldSeek.com
Clearly, the shift from the U.S. dollar
is accelerating," he said.
"Combine this with other driving factors
in the gold market, [and] you have the recipe
for much higher POG - Gold prices."
John Person, president of National Futures
Advisory Service, said, "Crude oil is above $70 per barrel,
wage costs have increased ...
and the dollar is sharply lower since the beginning
of the second quarter --
this gives the Gold bulls more reason to buy now,
especially since many believe gold could
hit $800 to $1,000 per ounce soon."
China urged to quadruple gold reserves
Chinese economists are urging Beijing to quadruple
its gold reserves to 2,500 tonnes from
the current 600 tonnes because the country foreign
exchange reserves had become the world's largest,
an official industry newspaper reported.
"More gold reserves will help the government
prevent risks and handle emergencies in case
of future possible turbulence in the international
political and economic situation," the paper said,
citing Tan Yaling, a researcher with
the Bank of China.
A weak dollar had also made more Gold holdings
necessary... China has been trying to gradually
diversify its reserve holdings away -
from the dollar.
The Old Franklin Gold, Silver &
Copper Mines & Mill -
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
DD ...
http://www.franklinmining.com/CompanyProfile/OurHistory/tabid/1330/Default.aspx
History 2nd, in the serie -
of Old Franklin Gold Mines -
http://www.investorshub.com/boards/board.asp?board_id=5406
.
RE: FRANKLIN MINING -- FMNJ --
The Old Franklin Gold, Silver &
Copper Mines & Mill -
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note. Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History 2nd, in the serie -
of Old Franklin Gold Mines -
Seaton Gold Mine - Vein -
outcrop on north side of road.
A 3-ft. (91 cm) vein of pyrite,
with sericitization and silicification,
strikes N55°-60°E and dips 45°-54°NW.
An incline shaft has been driven several hundred feet
down this structure.
The microcline-bearing gneiss wall rock strikes
northeast and dips an average of 45°NW.
The dump is on the left after passing the outcrop.
Col. A.R. Seaton of Kentucky discovered -
The Seaton Mine -
for which Seaton Mountain is named on July 4, 1860.
The Seaton boasted the first silver production
in Colorado.
The ore was sent by oxen teams to St. Joseph,
Missouri, then on to New York by rail, and from there
by ship to Wales for processing until 1867
when Nathaniel P. Hill's Boston and
Colorado Smelter was built in Black Hawk.
The ore was then milled at Idaho Springs,
near Soda Creek, and the
concentrates were shipped to Black Hawk for smelting.
The Seaton Mine -
shaft is over 400 feet deep and served -
six different mine levels.
One stope in the Seaton -
was reportedly 380 feet long and over 300 feet high.
In 1903,
the mine averaged 300-400 tons per month,
requiring a work force of about 40 men.
From the Seaton's -
deepest level (the 6th) the mine finally connected
with the Foxhall Tunnel
(or 7th level), and ore was then mined through
this second portal.
Three different methods of communication -
were used underground in the Seaton -
electric bells,
speaking tubes
and telephones.
In 1906, the Seaton Mine -
had a shaft house with a gallows frame,
a blacksmith shop, a carpenter shop
and a horse stable at the shaft collar.
A second blacksmith shop, a carpenter shop,
a bunkhouse with an office and
storerooms, a powderhouse, and ore bins
were located at the Foxhall Tunnel,
vertically below the mine.
The Seaton Mine -
was one of the more valuable properties in the county
and was worked steadily from 1860 to 1872 and
then intermittently until 1922.
It was the first Colorado Gold Mine -
that changed from rich Gold ore at the surface -
to also rich silver ore at depth.
Prior to 1899 the Seaton Mine - produced $600,000.00
worth of metals.
Between 1902 and 1922 -
it produced over $6.4 million!
Six thousand tons of smelting ore
shipped in 1902 contained 9,000 ounces of Gold.
The Seaton Mine -
vein was mined through the Argo Tunnel
in Idaho Springs at a vertical depth of 1,200 feet,
where it also had rich ore.
4.4 Junction with road to upper part of Gilson Gulch.
Turn right, DOWNHILL.
The open shaft on the right -
is on the Queen lode.
It is very dangerous.
On the left of the road are the Tropic
(Trojan) shaft (highest on hillside),
the Rickard, Pine Shade and Sunny Side shafts.
The Pine Shade -
and Sunny Side -
were individual mines -
on the eastward continuation
of the Seaton vein.
The Tropic Mine -
was described in 1880 as one of the most steadily
profitable mines on the mountain.
Its owners, Gen.
J. I Gilbert and Joseph Reynolds
had sunk the main shaft 180 feet reaching
the first level of ore at 32 feet.
That vein was opened for a distance
of 570 feet easterly.
Fifty feet lower the second level
was opened 210 feet westerly and 390 feet
easterly.
The next and lowest level was 80 feet below
the second and had a 60 foot drift west
of the shaft.
The average height of the stopes in
the two upper levels was from 10 to 15 feet.
The shaft was going deeper after
a 50-horse powerhoisting
engine arrived.
There were twenty men employed in the Tropic,
16 in the stopes and 4 above ground.
Monthly output of ore was about fifty tons.
The ore vein -
averaged a foot to eighteen inches in width.
At the bottom of the shaft,
the vein was eighteen inches of nearly solid ore,
consisting of galena,
gray copper,
yellow copper,
and iron pyrites.
The first-class ore brought $100 to
$180 per ton.
The second-class ore milled out
from $90 to $100 per ton
and the concentrating ore ranged
from $40 to $50 per ton.
The first class ore assayed
at ¾ of an ounce of gold,
170 ounces of silver per ton
with 4 to 6% copper.
Note.
Don't underestimate the oldtimers
real miners - who made -
U.S.A. Great.
Franklin Gold Mines -
should be proud to be one of
the first Great Mines -
FMNJ - will soon rediscover
what great assets are in the
FMNJ Mines safest safetybox -
if You know of any old -
Franklin Mines - history -
please contribute -
the history often repeat itself -
Tia.
http://tinyurl.com/zdggd
.
RE: FRANKLIN MINING -- FMNJ --
The Old Franklin Gold, Silver &
Copper Mines & Mill -
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note. Seaton Mines -
at the bottom of
FMNJ old Gold Mines list -
History 2nd, in the serie -
of Old Franklin Gold Mines -
Ex. Seaton Mine - Vein -
outcrop on north side of road.
A 3-ft. (91 cm) vein of pyrite,
with sericitization and silicification,
strikes N55°-60°E and dips 45°-54°NW.
An incline shaft has been driven several hundred feet
down this structure.
The microcline-bearing gneiss wall rock strikes
northeast and dips an average of 45°NW.
The dump is on the left after passing the outcrop.
Col. A.R. Seaton of Kentucky discovered -
The Seaton Mine -
for which Seaton Mountain is named on July 4, 1860.
The Seaton boasted the first silver production
in Colorado.
The ore was sent by oxen teams to St. Joseph,
Missouri, then on to New York by rail, and from there
by ship to Wales for processing until 1867
when Nathaniel P. Hill's Boston and
Colorado Smelter was built in Black Hawk.
The ore was then milled at Idaho Springs,
near Soda Creek, and the
concentrates were shipped to Black Hawk for smelting.
The Seaton Mine -
shaft is over 400 feet deep and served -
six different mine levels.
One stope in the Seaton -
was reportedly 380 feet long and over 300 feet high.
In 1903,
the mine averaged 300-400 tons per month,
requiring a work force of about 40 men.
From the Seaton's -
deepest level (the 6th) the mine finally connected
with the Foxhall Tunnel
(or 7th level), and ore was then mined through
this second portal.
Three different methods of communication -
were used underground in the Seaton -
electric bells,
speaking tubes
and telephones.
In 1906, the Seaton Mine -
had a shaft house with a gallows frame,
a blacksmith shop, a carpenter shop
and a horse stable at the shaft collar.
A second blacksmith shop, a carpenter shop,
a bunkhouse with an office and
storerooms, a powderhouse, and ore bins
were located at the Foxhall Tunnel,
vertically below the mine.
The Seaton Mine -
was one of the more valuable properties in the county
and was worked steadily from 1860 to 1872 and
then intermittently until 1922.
It was the first Colorado Gold Mine -
that changed from rich Gold ore at the surface -
to also rich silver ore at depth.
Prior to 1899 the Seaton Mine - produced $600,000.00
worth of metals.
Between 1902 and 1922 -
it produced over $6.4 million!
Six thousand tons of smelting ore
shipped in 1902 contained 9,000 ounces of Gold.
The Seaton Mine -
vein was mined through the Argo Tunnel
in Idaho Springs at a vertical depth of 1,200 feet,
where it also had rich ore.
4.4 Junction with road to upper part of Gilson Gulch.
Turn right, DOWNHILL.
The open shaft on the right -
is on the Queen lode.
It is very dangerous.
On the left of the road are the Tropic
(Trojan) shaft (highest on hillside),
the Rickard, Pine Shade and Sunny Side shafts.
The Pine Shade -
and Sunny Side -
were individual mines -
on the eastward continuation
of the Seaton vein.
The Tropic Mine -
was described in 1880 as one of the most steadily
profitable mines on the mountain.
Its owners, Gen.
J. I Gilbert and Joseph Reynolds
had sunk the main shaft 180 feet reaching
the first level of ore at 32 feet.
That vein was opened for a distance
of 570 feet easterly.
Fifty feet lower the second level
was opened 210 feet westerly and 390 feet
easterly.
The next and lowest level was 80 feet below
the second and had a 60 foot drift west
of the shaft.
The average height of the stopes in
the two upper levels was from 10 to 15 feet.
The shaft was going deeper after
a 50-horse powerhoisting
engine arrived.
There were twenty men employed in the Tropic,
16 in the stopes and 4 above ground.
Monthly output of ore was about fifty tons.
The ore vein -
averaged a foot to eighteen inches in width.
At the bottom of the shaft,
the vein was eighteen inches of nearly solid ore,
consisting of galena,
gray copper,
yellow copper,
and iron pyrites.
The first-class ore brought $100 to
$180 per ton.
The second-class ore milled out
from $90 to $100 per ton
and the concentrating ore ranged
from $40 to $50 per ton.
The first class ore assayed
at ¾ of an ounce of gold,
170 ounces of silver per ton
with 4 to 6% copper.
Note.
Don't underestimate the oldtimers
real miners - who made -
U.S.A. Great.
Franklin Gold Mines -
should be proud to be one of
the first Great Mines -
FMNJ - will soon rediscover
what great assets are in the
FMNJ Mines safest safetybox -
if You know of any old -
Franklin Mines - history -
please contribute -
the history often repeat itself -
Tia.
http://tinyurl.com/zdggd
.
Franklin Mining - FMNJ - mission -
Well, FMNJ below indicate 100%
what more can it be to FMNJ -
The TA Technical Analysis -
of a stock is about 50% -
The Fundamental assets values -
of a stock is about 50% -
What mission is FMNJ target? -
the 100% say it all -
J.M., the CEO of FMNJ - now control all
the old Franklin Mines past rich -
assets of Gold, Silver, Copper,
Zink Mines etc. -
J.M. on to some targets in Bolivia -
is it a mission above the corporate
100% goals? -
FMNJ - J.M. Eng. knowledge from US -
want to do something pos. for his
old country - Cerro Rico Mines,
Bolivia - people? -
How is the U.S. FMNJ investors feeling
about the FMNJ - J.M. mission ? -
http://tinyurl.com/puj3f
Is Pater with mission? -
$2,500 an Ounce Gold & $25/oz Silver -
Coming Soon, Adviser Says -
http://tinyurl.com/ujpm
You be the Judge.
Franklin Mining, Inc. - Ex. TI Patterns -
THEY WERE ALL PATTERNS IN SOME OF
THE BIGGEST MARKET MOVES!
WILL YOU RECOGNIZE THE NEXT PATTERN?
IF SO, WILL YOU KNOW HOW TO TRADE IT?
http://chartpatterns.com/index.html
http://tinyurl.com/m3lmm
The TA Technical Analysis -
of a stock is about 50% -
The Fundamental assets values -
of a stock is about 50% -
http://tinyurl.com/f8wdm
http://tinyurl.com/zdggd
.
RE: FRANKLIN MINING -- FMNJ --
The Old Franklin Gold, Silver &
Copper Mines & Mill -
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note. Seaton Mines - at the bottom of
FMNJ old Gold Mines list -
- The great Rocky Mountain Goldrush -
had begun and almost overnight 50,000 men poured
into Clear Creek Canyon,
stretching from today's city of Golden, West to
Silver Plume and North over Seaton Mountain to
Central City.
Many of these miners would be rewarded well:
the diggin's around Idaho Springs -
yielded over one million seven hundred thousand
dollars at $18.00 to $35.00 per ounce of Gold!
Many of the more successful mines were on - Seaton Mountain -
between Idaho Springs and Central City.
Over time, as the shafts got deeper and deeper,
the miner's work became harder and harder.
Imagine, if you can, raising the ore from depths
of one thousand feet or more in an ore bucket
containing one thousand pounds or more---and
if that was not difficult enough, the deeper
the mine shafts would go, the more water
the miners would encounter.
The pumps and other equipment used one hundred
and fifty years ago was not efficient and
it was rumored that some the -
the very richest mines may have to shut down -
because of flooding and difficulty in "raising"
the gold-bearing ore.
The tunnel, the mill and the mines provided
employment for fifty years to thousands
of miners.
Over two hundred million dollars of rich ore
was sent directly to the smelters in Denver;
the Argo Mill recovered over one hundred
million dollars of Gold values and these
dollars were when gold was only $18.00 to
$35.00 per ounce.
DD... following link -
http://www.historicargotours.com/history.html
The Franklin Mines and Franklin Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
* Subsequently, Company grew to a number -
of underground mining operations -
and its own floatation mill,
in Colorado,
producing concentrates of -
gold, silver, lead and zinc.
* The Franklin Mines -
were a significant producer of ore,
in the area.
The Mining operations, including
The Franklin Mines -
expanded and contracted with
the price of Gold and Silver.
* Mining commenced in 1865 -
and continued on an almost uninterrupted
basis until the outbreak of World War I,
when the US Government curtailed -
Gold mining.
* During the Great Depression,
there was a renewal of mining activity.
However, during World War II,
Gold mines were again shut down,
by the Government.
* Limited mining activity has occurred at -
The Franklin Mines -
and other area operations -
since the late 1940s.
* In 1981, the Company
commenced a rehabilitation program -
to extend and rehabilitate the shafts
and tunnels in place at -
The Franklin Mines -
install -
The Franklin Mill -
and search for and delineate
a commercial ore body.
* In 1983, the Company -
completed -
The Franklin Mill.
* In 2003 a new board of directors -
was voted in to bring new direction.
* In 2004 the name was changed -
to reflect the history of the original -
Franklin Mining Company.
History often repeat itself -
Franklin Mines -
* The Franklin Mines -
and Franklin Mill -
are located in Clear Creek County,
Colorado approximately 2.7 miles north
of the town of Idaho Springs,
which is accessible from Interstate 70
approximately 33 miles west of Denver.
From Idaho Springs, a county maintained
gravel road connecting Idaho Springs
with Central City in Gilpin County passes
within 1/4 of a mile of -
The Franklin Mines -
facilities and offices.
A minor roadway, also maintained
by the County, allows access to
The Franklin Mines -
within 1/8 of a mile.
The mines location is accessible year round,
except in the case of a major snowstorm
in winter months.
The Company is looking for an joint venture
partner of this property -
its up to the FMNJ - Board of Directors -
and it may change with a higher Gold POG,
Silver and Copper prices.
Note. The mining Laws -
in the U.S. has not changed -
since Est. 1874.
The Old Franklin Mines -
- has been trading above $100.00/share by itself -
- History often repeat itself -
The old Franklin Gold Mines -
will be Re-Commissioned one day -
for FMNJ has only got sniff of -
the US Golden Treasure Chest -
- most values have been saved -
for a rainy day in the safest safety box -
still all of -
The Old Franklin Gold Mines -
are in good standing and -
with the substantial higher -
POG Price of Gold -
should make FMNJ move to -
at least 1/2 silver buck/share -
with any fair market valuation -
by itself -
never mind the Golden bars and
Goldore of Mayaya? -
----
Note.
FMNJ is also producing Gold at Mayaya Project -
Mayaya Project -
Project Description -
http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf
Mayaya Gold Mine Project -
Pictures -
http://www.franklinmining.com/Portals/40/picture%20pages.pdf
SAN ANTONIO, Mar 14, 2005 (BUSINESS WIRE) --
Franklin Mining,
Bolivia,
wholly-owned subsidiary of Franklin Mining Inc.
(OTC Pink Sheets:FMNJ).
Franklin Mining is excited to announce that
Franklin Mining, Bolivia has gone cash flow positive
for January!
CEO Mr. Melgarejo commented, "According to a report
that we received from Ing. Rocha
(the project engineer) from Dec. 29
to Jan. 30, our gold sales were about $34,600.00 USD.
Our cost of operations and administration
during this time
was about $16,720.00 USD;
this does not include loan repayment and other
obligations.
This left a cash surplus of about $17,900.00USD."
Mr. Melgarejo added, "As per our business plan
this money was re-invested in the mine during
the shut down for repair, maintenance and expenses
in February.
This should minimize our down time for the next couple
of months and allow us to increase our production.
We have also asked one of our technical advisors,
with extensive expertise in placer mines
in the area we are working, to review
the operation and advise recommendations."
http://biz.yahoo.com/iw/060403/0120997.html
FMNJ - when allowed - will soon make -
The Silver Mines safe at Cerro Rico -
the mission will become -
The Great Cerro Rico Silver Mines - again!
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
http://www.investorshub.com/boards/board.asp?board_id=5406
The Lord with us,
Imo. TIA.
Brgds.
Bob
RE: FRANKLIN MINING -- FMNJ --
The Old Franklin Gold, Silver &
Copper Mines & Mill -
To All -
Don't underestimate FMNJ backbone -
The Great Franklin Mines -
Rich Old Mines -
the Gold made U.S. Rich from the start -
Ex. 1. Note. Seaton Mines - at the bottom of
FMNJ old Gold Mines list -
- The great Rocky Mountain Goldrush -
had begun and almost overnight 50,000 men poured
into Clear Creek Canyon,
stretching from today's city of Golden, West to
Silver Plume and North over Seaton Mountain to
Central City.
Many of these miners would be rewarded well:
the diggin's around Idaho Springs -
yielded over one million seven hundred thousand
dollars at $18.00 to $35.00 per ounce of Gold!
Many of the more successful mines were on - Seaton Mountain -
between Idaho Springs and Central City.
Over time, as the shafts got deeper and deeper,
the miner's work became harder and harder.
Imagine, if you can, raising the ore from depths
of one thousand feet or more in an ore bucket
containing one thousand pounds or more---and
if that was not difficult enough, the deeper
the mine shafts would go, the more water
the miners would encounter.
The pumps and other equipment used one hundred
and fifty years ago was not efficient and
it was rumored that some the -
the very richest mines may have to shut down -
because of flooding and difficulty in "raising"
the gold-bearing ore.
DD... following link -
http://www.historicargotours.com/history.html
The Franklin Mines and Franklin Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in Est. 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined -
all of the above into -
- * Franklin Mines * -.
* Subsequently, Company grew to a number -
of underground mining operations -
and its own floatation mill,
in Colorado,
producing concentrates of -
gold, silver, lead and zinc.
* The Franklin Mines -
were a significant producer of ore,
in the area.
The Mining operations, including
The Franklin Mines -
expanded and contracted with
the price of Gold and Silver.
* Mining commenced in 1865 -
and continued on an almost uninterrupted
basis until the outbreak of World War I,
when the US Government curtailed -
Gold mining.
* During the Great Depression,
there was a renewal of mining activity.
However, during World War II,
Gold mines were again shut down,
by the Government.
* Limited mining activity has occurred at -
The Franklin Mines -
and other area operations -
since the late 1940s.
* In 1981, the Company
commenced a rehabilitation program -
to extend and rehabilitate the shafts
and tunnels in place at -
The Franklin Mines -
install -
The Franklin Mill -
and search for and delineate
a commercial ore body.
* In 1983, the Company -
completed -
The Franklin Mill.
* In 2003 a new board of directors -
was voted in to bring new direction.
* In 2004 the name was changed -
to reflect the history of the original -
Franklin Mining Company.
History often repeat itself -
Franklin Mines -
* The Franklin Mines -
and Franklin Mill -
are located in Clear Creek County,
Colorado approximately 2.7 miles north
of the town of Idaho Springs,
which is accessible from Interstate 70
approximately 33 miles west of Denver.
From Idaho Springs, a county maintained
gravel road connecting Idaho Springs
with Central City in Gilpin County passes
within 1/4 of a mile of -
The Franklin Mines -
facilities and offices.
A minor roadway, also maintained
by the County, allows access to
The Franklin Mines -
within 1/8 of a mile.
The mines location is accessible year round,
except in the case of a major snowstorm
in winter months.
The Company is looking for an joint venture
partner of this property -
its up to the FMNJ - Board of Directors -
and it may change with a higher Gold POG,
Silver and Copper prices.
Note. The mining Laws -
in the U.S. has not changed -
since Est. 1874.
The Old Franklin Mines -
- has been trading above $100.00/share by itself -
- History often repeat itself -
The old Franklin Gold Mines -
will be Re-Commissioned one day -
for FMNJ has only got sniff of -
the US Golden Treasure Chest -
- most values have been saved -
for a rainy day in the safest safety box -
still all of -
The Old Franklin Gold Mines -
are in good standing and -
with the substantial higher -
POG Price of Gold -
should make FMNJ move to -
at least 1/2 silver buck/share -
with any fair market valuation -
by itself -
never mind the Golden bars and
Goldore of Mayaya? -
----
Note.
FMNJ is also producing Gold at Mayaya Project -
Mayaya Project -
Project Description -
http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf
Mayaya Gold Mine Project -
Pictures -
http://www.franklinmining.com/Portals/40/picture%20pages.pdf
SAN ANTONIO, Mar 14, 2005 (BUSINESS WIRE) --
Franklin Mining,
Bolivia,
wholly-owned subsidiary of Franklin Mining Inc.
(OTC Pink Sheets:FMNJ).
Franklin Mining is excited to announce that
Franklin Mining, Bolivia has gone cash flow positive
for January!
CEO Mr. Melgarejo commented, "According to a report
that we received from Ing. Rocha
(the project engineer) from Dec. 29
to Jan. 30, our gold sales were about $34,600.00 USD.
Our cost of operations and administration
during this time
was about $16,720.00 USD;
this does not include loan repayment and other
obligations.
This left a cash surplus of about $17,900.00USD."
Mr. Melgarejo added, "As per our business plan
this money was re-invested in the mine during
the shut down for repair, maintenance and expenses
in February.
This should minimize our down time for the next couple
of months and allow us to increase our production.
We have also asked one of our technical advisors,
with extensive expertise in placer mines
in the area we are working, to review
the operation and advise recommendations."
http://biz.yahoo.com/iw/060403/0120997.html
FMNJ - when allowed - will soon make -
The Silver Mines safe at Cerro Rico -
the mission will become -
The Great Cerro Rico Silver Mines - again!
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
http://www.investorshub.com/boards/board.asp?board_id=5406
The Lord with us,
Imo. TIA.
Brgds.
Bob
COMMODITIES CORNER Copper Cu:
Cu - the new precious metal?
Last Update: May 12, 2006
Copper wedding bands may soon become all
the rage -- or not.
But the industrial metal could be seen as
a precious metal in its own right at least
in some sense, given that prices have inflated
by more than 170% in the past year.
Gold's 69% climb in the same period pales in
comparison.
Copper futures climbed past $4 per pound
Thursday -- the highest price ever recorded
on the New York Mercantile Exchange.
See Metals Stocks columns.
"At $3 a pound and above, one can make the argument that
copper is certainly precious," said Jim Wyckoff, an
analyst at TradingEducation.com.
Of course, no matter what size climb copper prices make,
it won't ever truly be more valuable than its gold
counterpart, which Brent Cook, an independent exploration
analyst, sees
as "the only metal that has served as a currency and store
of value for centuries."
'At $3 a pound and above, one can make the argument that
copper is certainly precious.'Jim Wyckoff,
TradingEducation.com
Still, "all that glitters is not only gold.
It's copper, steel, aluminum -- you name it," said
commodities trader Kevin Kerr, who edits Global Resources Trader.
"Surging metals prices of all kinds are making some of
the nonferrous metals the first choice for thieves over
the more traditional 'precious metals'," he said.
Indeed, Cook said he's witnessed people in countries such
as Mexico, Congo and China "actually scavenging for copper
wire, motors etc. and heard of electric wiring being
stolen, much to the chagrin of the owners."
And it happens here in the United States.
This week, Pennsylvania newspaper The Daily Item reported the
theft of copper wire from a railroad signal because of the
rising price of the metal. See the story. In Waushara County,
Wisconsin, police are offering a reward for information to
help identify the individuals responsible for removing copper
wires from power poles, according to a report from The
Northwestern.
"Thieves are taking everything that's not locked down and some
things that are ... stealing wire, pipes -- even rusty old
cars to sell to scrap metal recycling businesses," said Kerr.
"Copper is quickly falling into the asset class of precious,"
he said.
Cherished treasure
The biggest fundamental reason for copper's climb: "copper has
surpassed the ability of the mining industry to deliver [the]
metal," said Lawrence Roulston, editor of Resource
Opportunities, an independent investment newsletter.
"Economic growth around the world has pushed the market to a
near frenzy," he said, and China is frequently credited with
driving demand.
For now, China is looking to meet its copper needs by creating
physical reserves in various areas of the country and by ]
securing reliable sources of copper overseas, said Thomas
Hartmann, an analyst at Altavest Worldwide Trading.
So really, the Asian country has to decide whether to pay high
prices for copper or slow down the pace of construction in its
growing economy, he said.
n"Paying high prices is the easy decision."
Overall, the market is simply facing a "supply crunch," and
although increased production generally follows an increase in
prices, the sector has yet to see any material rise in mining
capacity," Hartmann said. See related archived story.
That's because it takes 8-10 years for a new discovery to
"evolve through the
exploration/development/permitting/financing/construction
cycle," said Roulston.
At the same time, "strikes in South America and a complete
shutdown of a Grupo Mexico copper mine exacerbates this
[supply] crunch," said Hartmann.
Concerns about the nationalization of natural resources in
Latin America are also a likely contributor to the broad climb
among metals. See full story.
"The trend is clearly higher for copper prices," said
Hartmann. "Demand is simply outstripping supply with no
short-term fix in sight."
Not quite precious
Still, whether that allows copper to fit into the category of
"precious," is certainly up for debate.
'Copper will never become a precious metal. Valuable? Yes."
— Brent Cook, independent exploration analyst
"Copper will never become a precious metal. Valuable? Yes,"
said Cook.
Taking a look at the broader picture, Resource Opportunities'
Roulston points out that platinum prices are around $1,250
an ounce and rhodium has passed $5,000 an ounce.
Given that, "it is a stretch to call copper a 'precious'
metal in any sort of serious way," he said.
In fact, John Stafford, editor of Stafford's Investment
Strategy Letter, said copper is "not precious yet because
[it's] still abundant."
"It's abundant throughout the crest of the earth and probably
at the bottom of the sea," so the current situation with
copper is a supply deficit of "a temporary nature, coupled
with an exponential increase in demand," he said.
And although consumption of the metal remains strong, "there
is undoubtedly suppressed demand," Roulston said, pointing out
that growth in India "may be stifled by the high metal
prices."
"There is no certainty that copper prices will continue to
rise," he said.
Best play
High copper prices are also already factored into the share
prices of the copper producers, so buying those companies now
is "largely a play on higher metal prices, which is highly
speculative," said Roulston.
'The real play in the copper market is the emerging producers
and the explorers.'
"Mining companies that got by selling copper at less than
[70 cents] are now making more money than they know what to do
with," and "companies that not so long ago had big bank loans,
are now sitting on countless billions of dollars of cash," he
said.
But since the market is so speculative, the "safer" way
to play the metal markets is "to focus on the underlying
issue:
the mining industry needs to develop new deposits in order
to boost supply," he said.
Therefore, "the real play in the copper market is the
emerging producers and the explorers," Roulston said.
Ex.
http://www.investorshub.com/boards/board.asp?board_id=5397
http://www.investorshub.com/boards/board.asp?board_id=2652
http://www.investorshub.com/boards/board.asp?board_id=5398
http://www.investorshub.com/boards/board.asp?board_id=5487
COMMODITIES CORNER Copper Cu:
Cu - the new precious metal?
Last Update: May 12, 2006
Copper wedding bands may soon become all
the rage -- or not.
But the industrial metal could be seen as
a precious metal in its own right at least
in some sense, given that prices have inflated
by more than 170% in the past year.
Gold's 69% climb in the same period pales in
comparison.
Copper futures climbed past $4 per pound
Thursday -- the highest price ever recorded
on the New York Mercantile Exchange.
See Metals Stocks columns.
"At $3 a pound and above, one can make the argument that
copper is certainly precious," said Jim Wyckoff, an
analyst at TradingEducation.com.
Of course, no matter what size climb copper prices make,
it won't ever truly be more valuable than its gold
counterpart, which Brent Cook, an independent exploration
analyst, sees
as "the only metal that has served as a currency and store
of value for centuries."
'At $3 a pound and above, one can make the argument that
copper is certainly precious.'Jim Wyckoff,
TradingEducation.com
Still, "all that glitters is not only gold.
It's copper, steel, aluminum -- you name it," said
commodities trader Kevin Kerr, who edits Global Resources Trader.
"Surging metals prices of all kinds are making some of
the nonferrous metals the first choice for thieves over
the more traditional 'precious metals'," he said.
Indeed, Cook said he's witnessed people in countries such
as Mexico, Congo and China "actually scavenging for copper
wire, motors etc. and heard of electric wiring being
stolen, much to the chagrin of the owners."
And it happens here in the United States.
This week, Pennsylvania newspaper The Daily Item reported the
theft of copper wire from a railroad signal because of the
rising price of the metal. See the story. In Waushara County,
Wisconsin, police are offering a reward for information to
help identify the individuals responsible for removing copper
wires from power poles, according to a report from The
Northwestern.
"Thieves are taking everything that's not locked down and some
things that are ... stealing wire, pipes -- even rusty old
cars to sell to scrap metal recycling businesses," said Kerr.
"Copper is quickly falling into the asset class of precious,"
he said.
Cherished treasure
The biggest fundamental reason for copper's climb: "copper has
surpassed the ability of the mining industry to deliver [the]
metal," said Lawrence Roulston, editor of Resource
Opportunities, an independent investment newsletter.
"Economic growth around the world has pushed the market to a
near frenzy," he said, and China is frequently credited with
driving demand.
For now, China is looking to meet its copper needs by creating
physical reserves in various areas of the country and by ]
securing reliable sources of copper overseas, said Thomas
Hartmann, an analyst at Altavest Worldwide Trading.
So really, the Asian country has to decide whether to pay high
prices for copper or slow down the pace of construction in its
growing economy, he said.
n"Paying high prices is the easy decision."
Overall, the market is simply facing a "supply crunch," and
although increased production generally follows an increase in
prices, the sector has yet to see any material rise in mining
capacity," Hartmann said. See related archived story.
That's because it takes 8-10 years for a new discovery to
"evolve through the
exploration/development/permitting/financing/construction
cycle," said Roulston.
At the same time, "strikes in South America and a complete
shutdown of a Grupo Mexico copper mine exacerbates this
[supply] crunch," said Hartmann.
Concerns about the nationalization of natural resources in
Latin America are also a likely contributor to the broad climb
among metals. See full story.
"The trend is clearly higher for copper prices," said
Hartmann. "Demand is simply outstripping supply with no
short-term fix in sight."
Not quite precious
Still, whether that allows copper to fit into the category of
"precious," is certainly up for debate.
'Copper will never become a precious metal. Valuable? Yes."
— Brent Cook, independent exploration analyst
"Copper will never become a precious metal. Valuable? Yes,"
said Cook.
Taking a look at the broader picture, Resource Opportunities'
Roulston points out that platinum prices are around $1,250
an ounce and rhodium has passed $5,000 an ounce.
Given that, "it is a stretch to call copper a 'precious'
metal in any sort of serious way," he said.
In fact, John Stafford, editor of Stafford's Investment
Strategy Letter, said copper is "not precious yet because
[it's] still abundant."
"It's abundant throughout the crest of the earth and probably
at the bottom of the sea," so the current situation with
copper is a supply deficit of "a temporary nature, coupled
with an exponential increase in demand," he said.
And although consumption of the metal remains strong, "there
is undoubtedly suppressed demand," Roulston said, pointing out
that growth in India "may be stifled by the high metal
prices."
"There is no certainty that copper prices will continue to
rise," he said.
Best play
High copper prices are also already factored into the share
prices of the copper producers, so buying those companies now
is "largely a play on higher metal prices, which is highly
speculative," said Roulston.
'The real play in the copper market is the emerging producers
and the explorers.'
"Mining companies that got by selling copper at less than
[70 cents] are now making more money than they know what to do
with," and "companies that not so long ago had big bank loans,
are now sitting on countless billions of dollars of cash," he
said.
But since the market is so speculative, the "safer" way
to play the metal markets is "to focus on the underlying
issue:
the mining industry needs to develop new deposits in order
to boost supply," he said.
Therefore, "the real play in the copper market is the
emerging producers and the explorers," Roulston said.
Ex.
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CAMPBELL RESOURCES - CCH:TSX -
Welcome to CAMPBELL RESOURCES - CCH:TSX -
http://tinyurl.com/zyx9u
Let's ride CCH back to fair market value -
stamp out banksters oversold -
undervalued manipulations -
Welcome to CAMPBELL RESOURCES - CCH:TSX -
http://www.investorshub.com/boards/board.asp?board_id=5397
http://www.investorshub.com/boards/board.asp?board_id=5404
http://www.investorshub.com/boards/board.asp?board_id=5405
Goldcorp Inc. *** NEWS *** -
Goldcorp Completes Acquisition of Placer Assets
From Barrick -
Friday May 12, 10:18 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 12, 2006 --
Goldcorp Inc.
(TSX:G.TO - News)(NYSE:GG - News) announced today
that it has completed the acquisition of four
Placer Dome mines -
and other agreed interests from Barrick Gold
Corporation for approximately US$1.6 billion.
The assets acquired include Placer Dome's former
interests in
The Campbell mine -
The Porcupine and Musselwhite Mines -
joint ventures in Ontario, as well as
a 50% interest in -
The La Coipa gold/silver mine -
in Chile and a 40% interest in
The Pueblo Viejo development project -
in the Dominican Republic.
Goldcorp used a portion of its current cash balances
and existing credit facilities to fund
the acquisition.
The proceeds from the early exercise of Goldcorp's
outstanding warrants (a maximum of approximately
US$480 million if all warrants are exercised
prior to June 9, 2006) will be used to repay credit
facilities drawn down to fund the acquisition.
It is expected that this transaction will increase
Goldcorp's 2006 annual gold production by
approximately 50% and increase proven and probable
gold reserves by 72%.
"We would like to welcome our new employees from
the Campbell mine and the Musselwhite and Porcupine
joint ventures in Canada, as well as those from
the La Coipa mine in Chile.
Over the past several months, we have worked closely
with many of these people to ensure a successful
transition from Placer," said Ian Telfer, President
and CEO of Goldcorp.
"We are a growing organization with talented people,
great assets and many exciting opportunities to
pursue."
Goldcorp is the world's lowest cost multi-million
ounce gold producer.
Annualized gold production in 2006 is expected to
be approximately 2 million ounces at a cash cost
of US$125 per ounce and the Company does not hedge
its gold production.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of each of Goldcorp Inc. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver and copper, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp and Virginia, respectively, to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver and copper; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Goldcorp's Annual Information Form for the year ended December 31, 2005, available on www.sedar.com, and Form 40-F for the year ended December 31, 2005 on file with the United States Securities and Exchange Commission in Washington, D.C. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Contact:
Contacts:
Goldcorp Inc.
Julia Hasiwar
Director, Investor Relations
(604) 696-3011
(604) 696-3001 (FAX)
info@goldcorp.com
http://www.goldcorp.com
Source: Goldcorp Inc.
http://www.investorshub.com/boards/read_msg.asp?message_id=11085048
Canadian Arrow Reports Results for Hart and Mann Properties; Intercepts 1.66% Ni over 4.48 metres -
Tuesday April 4, 8:30 am ET
TIMMINS, ON, April 4 /CNW/ -
Canadian Arrow Mines, Ltd.
(CRO: TSX-V) has received final assay results
from drilling completed on their 100% owned
Hart and Mann Properties, both located near
Timmins, Ontario.
Of significance was hole H-05-1 drilled on
the Hart property that returned values
of 1.66% Ni, 0.11% Cu, 0.03% Co and 0.43gpt
PGM at the interpreted base of an ultramafic
flow unit.
The program consisted of 1,268 metres of
diamond drilling targeted on areas of known
nickel sulphide mineralization and
geophysical anomalies interpreted to
represent prospective nickel copper sulphide
accumulations.
A complete list of drill intersections is
provided in the table below.
-------------------------------------------------------------------------
From Width PGM(x)
DDH No. Location Az/dip m To m m Ni % Cu % Co % gpt
-------------------------------------------------------------------------
2465 330/-
H-05-1 4067 45 14.37 18.85 4.48 1.66 0.11 0.03 0.43
-------------------------------------------------------------------------
2465 330/-
H-05-2 4067 60 19.00 22.40 3.40 0.97 0.04 0.02 0.22
-------------------------------------------------------------------------
2500 330/-
H-05-3 4050 45 47.80 48.90 1.10 0.52 0.05 0.03 0.24
-------------------------------------------------------------------------
2500 330/-
H-05-4 4050 60 54.50 56.50 2.00 0.42 0.04 0.02 0.41
-------------------------------------------------------------------------
2500 330/-
H-05-5 4050 70 55.50 60.50 5.00 0.56 0.04 0.18 0.38
-------------------------------------------------------------------------
PGM(x) gold+platinum +palladium
Canadian Arrow VP Exploration
Dean MacEachern said, "management is
encouraged with the recent drill results of
the Hart property that
successfully established the nature of the sulphide mineralization and the
orientation of the ore shoots.
The Company is assessing the possibility of
additional drilling to determine the plunge extent
of these identified
embayments and potential to host nickel-sulphide
mineralization."
The Hart property is located 28 kilometres southeast
of Timmins and lies
along strike of several past producing nickel sulphide
mines including the
Langmuir No. 1 and No. 2 and the Redstone Mine.
These deposits are "Kambalda
style" ultramafic flow hosted deposits with Ni-Cu sulphide mineralization
positioned in trough like embayments at the base of the host ultramafic unit.
Historical drilling on the Hart property has intersections of 2.1% Ni over
4.57 metres and 2.77% Ni over 2.2 metres.
Interpretation of the historical
drilling and the results of the Canadian Arrow drill program define a minimum
of four Ni-sulphide shoots with a steep easterly plunge.
Of the 26 historical
and Canadian Arrow holes documented on the zone, only 7 holes have been
drilled below the 150 metres level, with 24 of the holes restricted to testing
200 metres of the strike extent of the 800 metres long
ultramafic embayment.
In light of these results Canadian Arrow is
assessing the property in
order to determine how to best follow up with exploration
on the Hart
mineralized horizon.
The recent drilling indicates that the horizon has been
tested only over a limited depth and strike extent.
Additional drilling will
be required to determine the plunge extent of these
identified embayments and
potential to host nickel sulphide mineralization.
The Mann Trend properties are located
approximately 50 kilometres
northeast of Timmins and cover an area approximately
100 square kilometers in size.
High magnetic features interpreted to represent ultramafic
flows and
sills prospective for hosting nickel sulphide mineralization
were evaluated
with four diamond drill holes.
All holes intersected mafic/ultramafic geology
but failed to identify significant sulphide mineralization.
The 2005 exploration program at Hart and Mann was carried
out under the
direction of Todd Keast, P.Geo, a qualified person under
National Instrument 43-101.
All drill holes were logged and NQ core split.
Half of the core was
sent to Accurassay in Thunder Bay, Ont., for ICP analysis
and fire assay.
The Company employs a system of quality control for all
assays which includes the
regular use of standards and blanks and check assaying.
The information in
this release was prepared under the direction of
Dean MacEachern, P. Geo.,
Vice President Exploration for Canadian Arrow, a qualified
person as defined
by National Instrument 43-101.
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian
exploration and
development Company committed to developing and advancing
high margin/high
profit base metal deposits close to existing infrastructure through
exploration, development and acquisition.
In December 2005, the Company
commenced 1,500 metres of diamond drilling at the Hart
and Mann nickel
properties located in the Timmins and Iroquois Falls
regions of northern Ontario.
Shares of Canadian Arrow Mines shares trade on
the TSX Venture Exchange under the symbol "CRO".
If you would like to receive press releases via email
please contact:
alison(at)chfir.com.
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO
TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER
APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.
For further information
visit the website at
www.canadianarrowmines.com,
or call toll free,
1-877-262-6354, or contact:
Canadian Arrow Mines, Ltd.,
Dean MacEachern, Vice President Exploration,
Tel: (705) 264-6211,
E-mail: dmaceachern@canadianarrowmines.com,
Website: www.canadianarrowmines.com
CHF Investor Relations,
Cathy Hume, CEO,
Tel: (416) 868-1079 ext. 231,
E-mail: cathy@chfir.com,
Website: www.chfir.com
Source: Canadian Arrow Mines Ltd.
http://biz.yahoo.com/cnw/060404/cdn_arrow_drill_rslts.html?.v=1
RE: FRANKLIN MINING -- FMNJ --
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Franklin Mines and Franklin Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined into
- “Franklin Mines” -.
* Subsequently, Company grew to a number -
of underground mining operations -
and its own floatation mill,
in Colorado,
producing concentrates of -
gold, silver, lead and zinc.
* The Franklin Mines -
were a significant producer of ore,
in the area.
The Mining operations, including
The Franklin Mines -
expanded and contracted with
the price of Gold and Silver.
* Mining commenced in 1865 -
and continued on an almost uninterrupted
basis until the outbreak of World War I,
when the US Government curtailed -
Gold mining.
* During the Great Depression,
there was a renewal of mining activity.
However, during World War II,
Gold mines were again shut down,
by the Government.
* Limited mining activity has occurred at -
The Franklin Mines -
and other area operations -
since the late 1940s.
* In 1981, the Company
commenced a rehabilitation program -
to extend and rehabilitate the shafts
and tunnels in place at -
The Franklin Mines -
install -
The Franklin Mill -
and search for and delineate
a commercial ore body.
* In 1983, the Company -
completed -
The Franklin Mill.
* In 2003 a new board of directors -
was voted in to bring new direction.
* In 2004 the name was changed -
to reflect the history of the original -
Franklin Mining Company.
History often repeat itself -
Franklin Mines -
* The Franklin Mines -
and Franklin Mill -
are located in Clear Creek County,
Colorado approximately 2.7 miles north
of the town of Idaho Springs,
which is accessible from Interstate 70
approximately 33 miles west of Denver.
From Idaho Springs, a county maintained
gravel road connecting Idaho Springs
with Central City in Gilpin County passes
within 1/4 of a mile of -
The Franklin Mines -
facilities and offices.
A minor roadway, also maintained
by the County, allows access to
The Franklin Mines -
within 1/8 of a mile.
The mines location is accessible year round,
except in the case of a major snowstorm
in winter months.
The Company is looking for an joint venture
partner of this property -
its up to the FMNJ - Board of Directors -
and it may change with a higher Gold POG,
Silver and Copper prices.
Note. The mining Laws -
in the U.S. has not changed -
since Est. 1874.
The Old Franklin Mines -
- has been trading above $100.00/share by itself -
- History often repeat itself -
The old Franklin Gold Mines -
will be Re-Commissioned one day -
for FMNJ has only got sniff of -
the US Golden Treasure Chest -
- most values have been saved -
for a rainy day in the safest safety box -
still all of -
The Old Franklin Gold Mines -
are in good standing and -
with the substantial higher -
POG Price of Gold -
should make FMNJ move to -
at least 1/2 silver buck/share -
with any fair market valuation -
by itself -
never mind the Golden bars and
Goldore of Mayaya? -
----
Note.
FMNJ is also producing Gold at Mayaya Project -
Mayaya Project -
Project Description -
http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf
Mayaya Gold Mine Project -
Pictures -
http://www.franklinmining.com/Portals/40/picture%20pages.pdf
SAN ANTONIO, Mar 14, 2005 (BUSINESS WIRE) --
Franklin Mining,
Bolivia,
wholly-owned subsidiary of Franklin Mining Inc.
(OTC Pink Sheets:FMNJ).
Franklin Mining is excited to announce that
Franklin Mining, Bolivia has gone cash flow positive
for January!
CEO Mr. Melgarejo commented, "According to a report
that we received from Ing. Rocha
(the project engineer) from Dec. 29
to Jan. 30, our gold sales were about $34,600.00 USD.
Our cost of operations and administration
during this time
was about $16,720.00 USD;
this does not include loan repayment and other
obligations.
This left a cash surplus of about $17,900.00USD."
Mr. Melgarejo added, "As per our business plan
this money was re-invested in the mine during
the shut down for repair, maintenance and expenses
in February.
This should minimize our down time for the next couple
of months and allow us to increase our production.
We have also asked one of our technical advisors,
with extensive expertise in placer mines
in the area we are working, to review
the operation and advise recommendations."
http://biz.yahoo.com/iw/060403/0120997.html
FMNJ - when allowed - will soon make -
The Silver Mines safe at Cerro Rico -
it will become -
The Great Cerro Rico Silver Mines - again!
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
http://www.investorshub.com/boards/board.asp?board_id=5406
The Lord with us,
Imo. TIA.
Brgds.
Bob
RE: FRANKLIN MINING -- FMNJ --
The Old Franklin Gold, Silver &
Copper Mines & Mill -
The Franklin Mines and Franklin Mill -
History -
* Franklin Mining Company -
was established as a Colorado -
exploration and mining -
company in 1864.
* In 1865, the claims that comprise -
The Franklin Mines -
were located about 1½ miles north of
Idaho Springs and the vein system -
that became the ore bodies of -
The Franklin Mines -
were also discovered that year,
with the sinking of the Franklin shaft.
* Between 1865 and 1870 -
shafts were also sunk -
at the Gem Mine -
Freighters Friend Mine -
Franklin 73 Mine -
Franklin 87 Mine -
Alpha Mine -
Reilly Mine -
Silver Age Mine -
Freemen Mine -
and
Seaton Mines -
that would later be combined into
- “Franklin Mines” -.
* Subsequently, Company grew to a number -
of underground mining operations -
and its own floatation mill,
in Colorado,
producing concentrates of -
gold, silver, lead and zinc.
* The Franklin Mines -
were a significant producer of ore,
in the area.
The Mining operations, including
The Franklin Mines -
expanded and contracted with
the price of Gold and Silver.
* Mining commenced in 1865 -
and continued on an almost uninterrupted
basis until the outbreak of World War I,
when the US Government curtailed -
Gold mining.
* During the Great Depression,
there was a renewal of mining activity.
However, during World War II,
Gold mines were again shut down,
by the Government.
* Limited mining activity has occurred at -
The Franklin Mines -
and other area operations -
since the late 1940s.
* In 1981, the Company
commenced a rehabilitation program -
to extend and rehabilitate the shafts
and tunnels in place at -
The Franklin Mines -
install -
The Franklin Mill -
and search for and delineate
a commercial ore body.
* In 1983, the Company -
completed -
The Franklin Mill.
* In 2003 a new board of directors -
was voted in to bring new direction.
* In 2004 the name was changed -
to reflect the history of the original -
Franklin Mining Company.
History often repeat itself -
Franklin Mines -
* The Franklin Mines -
and Franklin Mill -
are located in Clear Creek County,
Colorado approximately 2.7 miles north
of the town of Idaho Springs,
which is accessible from Interstate 70
approximately 33 miles west of Denver.
From Idaho Springs, a county maintained
gravel road connecting Idaho Springs
with Central City in Gilpin County passes
within 1/4 of a mile of -
The Franklin Mines -
facilities and offices.
A minor roadway, also maintained
by the County, allows access to
The Franklin Mines -
within 1/8 of a mile.
The mines location is accessible year round,
except in the case of a major snowstorm
in winter months.
The Company is looking for an joint venture
partner of this property -
its up to the FMNJ - Board of Directors -
and it may change with a higher Gold POG,
Silver and Copper prices.
Note. The mining Laws -
in the U.S. has not changed -
since Est. 1874.
The Old Franklin Mines -
- has been trading above $100.00/share by itself -
- History often repeat itself -
The old Franklin Gold Mines -
will be Re-Commissioned one day -
for FMNJ has only got sniff of -
the US Golden Treasure Chest -
- most values have been saved -
for a rainy day in the safest safety box -
still all of -
The Old Franklin Gold Mines -
are in good standing and -
with the substantial higher -
POG Price of Gold -
should make FMNJ move to -
at least 1/2 silver -
buck/share with any fair market valuation -
by itself -
never mind the Golden bars and
Goldore of Mayaya? -
----
Note.
FMNJ is also producing Gold at Mayaya Project -
Mayaya Project -
Project Description -
http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf
Mayaya Gold Mine Project -
Pictures -
http://www.franklinmining.com/Portals/40/picture%20pages.pdf
SAN ANTONIO, Mar 14, 2005 (BUSINESS WIRE) --
Franklin Mining,
Bolivia,
wholly-owned subsidiary of Franklin Mining Inc.
(OTC Pink Sheets:FMNJ).
Franklin Mining is excited to announce that
Franklin Mining, Bolivia has gone cash flow positive
for January!
CEO Mr. Melgarejo commented, "According to a report
that we received from Ing. Rocha
(the project engineer) from Dec. 29
to Jan. 30, our gold sales were about $34,600.00 USD.
Our cost of operations and administration
during this time
was about $16,720.00 USD;
this does not include loan repayment and other
obligations.
This left a cash surplus of about $17,900.00USD."
Mr. Melgarejo added, "As per our business plan
this money was re-invested in the mine during
the shut down for repair, maintenance and expenses
in February.
This should minimize our down time for the next couple
of months and allow us to increase our production.
We have also asked one of our technical advisors,
with extensive expertise in placer mines
in the area we are working, to review
the operation and advise recommendations."
http://biz.yahoo.com/iw/060403/0120997.html
FMNJ - when allowed - will soon make -
The Silver Mines safe at Cerro Rico -
it will become -
The Great Cerro Rico Silver Mines - again!
Imo. Tia -
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
http://www.investorshub.com/boards/board.asp?board_id=5406
The Lord with us,
Imo. TIA.
Brgds.
Bob
Roxmark Mines - RMKL -
Roxmark Gold & Moly-Mine -
- i heard they are going to start hiring in july-august-sept.
/ this is good real good/
trust me on this one/
thats the reason i am in/
the mine is all there/
it is ready to go/
AUA in ATLIN BC- isn,t this close and the price -
share has hit 2.60 plus and back down again /
this should have hit 3.00/
THE PLANT IS ALREADY THERE AND DOES NOT NEED TO BE BUILT/
when this gets out it will fly/
i also of the understanding that the MOLY is of high quality/
OH - YA 1 more thing ROB MORARITY THE WRITER FOR 321-GOLD BOUGHT STOCKS IN THIS
-----SO IF THAT ISN,T STEAK AND EGGS FOR BREAKFAST
I DON,T KNOW WHAT IS/ like i said sswweeet----
BOAZZ
http://www.investorshub.com/boards/read_msg.asp?message_id=10754488
.
Mining is a rich vein running through
the lives of all Canadians.
Not a day passes that we are not healthier,
richer and better informed because of
the treasures we extract from the earth.
San Gold Re-Commission -
Our Hidden Golden Treasures ...
From minerals and metals, we create television sets
and CDs to entertain us; telephones and computers
to keep us in touch;
cars, trains and bicycles to transport us;
food to sustain us;
and medicine and vitamins to keep us well.
But mining does more than mend and maintain.
It employs.
In 150 communities across Canada, the industry
supports one million Canadians;
376 000 men and women work directly in mining
and mineral industries.
The quality of our lives is a daily reminder
of the importance of Canada's mining industry.
SAN Gold 2006 - She is a Beauty -
http://www.investorshub.com/boards/board.asp?board_id=5396
Bissett Business and Industry
We encourage a diverse economy in Bissett
in tourism, forestry and mining explorations
and although the Bissett business community
has a strong connection to the mine situated
in the community, it has been necessary for
the communities survival to encourage a
diverse economy in the community.
The Bissett Gold Mine -
was the largest employer in Bissett and the area.
The continued development and encouragement of
tourism in Bissett and the area is also necessary
for the survival of the community.
History often repeat itself -
BISSETT HISTORY
On March 6, 1911, Gold was discovered -
on the north shore of Rice Lake.
The resulting claims became the San Antonio Mine.
Gold was not the only valuable product
of this venture.
The eventual establishment of Bissett is where
the real value lies.
The town grew and prospered under the management
of the Mine.
A road was built from Pine Falls to Bissett in 1957.
Prior to that time, Bissett had been isolated
from the outside world.
The road brought with it the transient nature
to Bissett but also a permanent home to many
who still remain today.
The surface hoist burned down in June of 1968
and the low gold price made - "San Antone"
went into hardship.
Ties with Bissett - were firm,
but the mine no longer owned or operated
all of the community.
The Department of Northern Affairs assisted
the community and in 1972 Bissett became a
community complete with a mayor and council.
The mine has been bought and sold a number
of times throughout the hardship years bringing
with it employment opportunities for the community
and surrounding area.
The mine has recently been acquired by -
Rice Lake Gold Corporation.
"Boom and Bust" are created by manipulation -
banksterz groups - trademarks.
The Gold mining - community - has created
Canada's Richness & wealth
The community has had to face many changes and
challenges throughout the years - created by
gov. manipulating the POG of Gold.
The history of Bissett -
will continue long after the Gold mines comes
and creatred great richness for many -
Bissett is no longer "a mine with a town but
a town with a Gold mine".
No matter what the future holds for this community
one thing is for certain and that is -
Bissett Gold - has survived and make wealth again!
Our residents have proven themselves resourceful
and expand their efforts to include tourism,
forestry and mining exploration.
Rice Lake Gold Mine - (Bissett Gold Mine)
http://www.nrcan.gc.ca/mms/scho-ecol/treas/oht_e.htm
RE: SGR HUGE RISE TODAY... more on the horizon -
as the SGR re-make first new - Gold pour -
is at hand and the company will be at
the New York - Gold show this weekend.
Bolivia needs foreign companies to foster growth -
Bolivia needs Franklin companies to foster wealth -
Bolivia needs foreign companies to foster growth -
Wed May 10, 2006 12:37pm ET16
By Manuela Badawy - Analysis
NEW YORK (Reuters) -
For Bolivian President Evo Morales -
the nationalization of the country's energy sector this
month was a bold stroke that gives the populist more
time to deliver on the promises he made to those who
elected him.
At the same time, the move could jeopardize his chances
of delivering long-term economic growth unless he mends
relations with foreign energy companies that operate
in Bolivia.
Morales, feeling domestic pressure three months into his
presidency, nationalized the energy industry on May 1
to cement his power and build support ahead of elections
later this year for a special assembly to rewrite the
constitution.
But the reality is Bolivia cannot live without foreign
energy companies, analysts said.
"He made a splash, now he has to swim to the surface,"
said Michael Lettieri, a research fellow at the Council
on Hemispheric Affairs, an independent research
organization based in Washington.
"Swimming to the surface is going to entail working with
these companies to figure out a way that he can get these
royalties and make it run smoothly under the government's
control," Lettieri added.
Brazil's Petrobras and others are indispensable sources
of investment for exploration and production of Bolivia's
substantial reserves of natural gas. In the case of
Petrobras, neighboring Brazil also provides a ready
market for Bolivia's gas, which is more difficult to
transport than crude oil.
Bolivia will need to work with the foreign companies in
order to maintain production and cash flowing into the
country because lack of technology and expertise would
hamper development and could, in the long-term, create
instability.
"Experience has shown that each time that Bolivia
nationalized or expropriated its oil and gas reserves,
that later it was forced to reprivatize the exploration
of these resources due to complete inability to assume
their development for lack of human and financial
resources," David Fleischer, professor of political
science at the University of Brasilia, said in a report.
NEW-LOOK NATIONALIZATION
By nationalizing the sector, Morales gave YPFB, Bolivia's
state-owned energy company, control over production and
a 51 percent stake in the domestic units of several
foreign companies operating in the country.
(US has always given 50% back - its normal policy)
The companies include Andina, controlled by Spain's
Repsol-YPF (REP.MC: Quote, Profile, Research);
Chaco controlled by BP Amoco (BP.L: Quote, Profile,
Research); Transredes, a gas-transport company controlled
by Royal Dutch Shell Plc (RDSa.L: Quote, Profile,
Research), and two refineries owned by Brazil's Petrobras
(PETR4.SA: Quote, Profile, Research).
Another major gas producer is France's Total (TOTF.PA:
Quote, Profile, Research), and smaller operators in the
country include Britain's BG Group Plc (BG.L: Quote,
Profile, Research), U.S.-based Exxon Mobil Corp.
(XOM.N: Quote, Profile, Research) and Argentina's
Pluspetrol.
Morales's approach is not the typical old-style
nationalization, where the state takes control and
manages the entire industry. It is a more limited move
aimed at giving the government a bigger share of the
commodity bonanza that Latin American countries are
experiencing.
"What nationalization means, although the term implies
something more, is basically renegotiating contracts to
get better terms," said Jeff Vogt, senior associate for
Rights and Development at the Washington Office on
Latin America, a think tank promoting human rights,
democracy and social and economic justice in Latin
America.
"Especially now given the extremely high commodity prices,
it would be negligent by the country to abide by those contracts
instead of renegotiate them," Vogt added.
Natural gas futures on the New York Mercantile Exchange
<NGc1> have fallen some 40 percent this year and some 58 percent
from record highs in December, but they are still
up about 12 percent from early 2005.
Petrobras, the biggest gas producer in Bolivia, holds
47.3 percent of the country's 48.7 trillion cubic feet
of natural gas reserves, the second largest in South
America after Venezuela.
BOLIVIA NEEDS BRAZIL
The contracts, which became void and invalid on May 1,
were signed during former President Gonzalo Sanchez de
Lozada's administration in the mid-1990s by Petrobras
and other foreign energy companies as concessions to
explore and develop the oil and gas sector.
In October 2003 Sanchez de Lozada was toppled by a
revolt over his plans to export gas via Chile, a
traditional foe since Bolivia lost access to the
Pacific Ocean in a war in the late 19th century.
"Who Morales needs is Petrobras, particularly because
Brazil is the key market for Bolivian gas,"
said Lettieri.
Brazil imports about 26 million cubic meters per day
of natural gas -- half of its daily consumption --
from Bolivia.
"Bolivia doesn't have an exit to the sea yet. It can't
ship gas to California; Venezuela doesn't need gas;
and they are not going to send it to Chile, God forbid.
It is Brazil and to a certain extent Argentina,"
Lettieri added.
That leaves Bolivia with little choice but to build a
close working relationship with Petrobras and other
foreign operators and the Bolivia doors are wide open
for Franklin companies -
"The real question is not the immediate effects of the
redistribution of wealth, but what happens to production
and the value of that production over the course of the
next 10 to 20 years," said Albert Fishlow, professor of
International and area studies at Columbia University
in New York.
The Franklin companies mission is to make Bolivia great
again -
DD --
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
http://www.investorshub.com/boards/board.asp?board_id=5406
.
Bolivia needs foreign companies to foster growth -
Bolivia needs Franklin companies to foster wealth -
Bolivia needs foreign companies to foster growth -
Wed May 10, 2006 12:37pm ET16
By Manuela Badawy - Analysis
NEW YORK (Reuters) -
For Bolivian President Evo Morales -
the nationalization of the country's energy sector this
month was a bold stroke that gives the populist more
time to deliver on the promises he made to those who
elected him.
At the same time, the move could jeopardize his chances
of delivering long-term economic growth unless he mends
relations with foreign energy companies that operate
in Bolivia.
Morales, feeling domestic pressure three months into his
presidency, nationalized the energy industry on May 1
to cement his power and build support ahead of elections
later this year for a special assembly to rewrite the
constitution.
But the reality is Bolivia cannot live without foreign
energy companies, analysts said.
"He made a splash, now he has to swim to the surface,"
said Michael Lettieri, a research fellow at the Council
on Hemispheric Affairs, an independent research
organization based in Washington.
"Swimming to the surface is going to entail working with
these companies to figure out a way that he can get these
royalties and make it run smoothly under the government's
control," Lettieri added.
Brazil's Petrobras and others are indispensable sources
of investment for exploration and production of Bolivia's
substantial reserves of natural gas. In the case of
Petrobras, neighboring Brazil also provides a ready
market for Bolivia's gas, which is more difficult to
transport than crude oil.
Bolivia will need to work with the foreign companies in
order to maintain production and cash flowing into the
country because lack of technology and expertise would
hamper development and could, in the long-term, create
instability.
"Experience has shown that each time that Bolivia
nationalized or expropriated its oil and gas reserves,
that later it was forced to reprivatize the exploration
of these resources due to complete inability to assume
their development for lack of human and financial
resources," David Fleischer, professor of political
science at the University of Brasilia, said in a report.
NEW-LOOK NATIONALIZATION
By nationalizing the sector, Morales gave YPFB, Bolivia's
state-owned energy company, control over production and
a 51 percent stake in the domestic units of several
foreign companies operating in the country.
(US has always given 50% back - its normal policy)
The companies include Andina, controlled by Spain's
Repsol-YPF (REP.MC: Quote, Profile, Research);
Chaco controlled by BP Amoco (BP.L: Quote, Profile,
Research); Transredes, a gas-transport company controlled
by Royal Dutch Shell Plc (RDSa.L: Quote, Profile,
Research), and two refineries owned by Brazil's Petrobras
(PETR4.SA: Quote, Profile, Research).
Another major gas producer is France's Total (TOTF.PA:
Quote, Profile, Research), and smaller operators in the
country include Britain's BG Group Plc (BG.L: Quote,
Profile, Research), U.S.-based Exxon Mobil Corp.
(XOM.N: Quote, Profile, Research) and Argentina's
Pluspetrol.
Morales's approach is not the typical old-style
nationalization, where the state takes control and
manages the entire industry. It is a more limited move
aimed at giving the government a bigger share of the
commodity bonanza that Latin American countries are
experiencing.
"What nationalization means, although the term implies
something more, is basically renegotiating contracts to
get better terms," said Jeff Vogt, senior associate for
Rights and Development at the Washington Office on
Latin America, a think tank promoting human rights,
democracy and social and economic justice in Latin
America.
"Especially now given the extremely high commodity prices,
it would be negligent by the country to abide by those contracts
instead of renegotiate them," Vogt added.
Natural gas futures on the New York Mercantile Exchange
<NGc1> have fallen some 40 percent this year and some 58 percent
from record highs in December, but they are still
up about 12 percent from early 2005.
Petrobras, the biggest gas producer in Bolivia, holds
47.3 percent of the country's 48.7 trillion cubic feet
of natural gas reserves, the second largest in South
America after Venezuela.
BOLIVIA NEEDS BRAZIL
The contracts, which became void and invalid on May 1,
were signed during former President Gonzalo Sanchez de
Lozada's administration in the mid-1990s by Petrobras
and other foreign energy companies as concessions to
explore and develop the oil and gas sector.
In October 2003 Sanchez de Lozada was toppled by a
revolt over his plans to export gas via Chile, a
traditional foe since Bolivia lost access to the
Pacific Ocean in a war in the late 19th century.
"Who Morales needs is Petrobras, particularly because
Brazil is the key market for Bolivian gas,"
said Lettieri.
Brazil imports about 26 million cubic meters per day
of natural gas -- half of its daily consumption --
from Bolivia.
"Bolivia doesn't have an exit to the sea yet. It can't
ship gas to California; Venezuela doesn't need gas;
and they are not going to send it to Chile, God forbid.
It is Brazil and to a certain extent Argentina,"
Lettieri added.
That leaves Bolivia with little choice but to build a
close working relationship with Petrobras and other
foreign operators and the Bolivia doors are wide open
for Franklin companies -
"The real question is not the immediate effects of the
redistribution of wealth, but what happens to production
and the value of that production over the course of the
next 10 to 20 years," said Albert Fishlow, professor of
International and area studies at Columbia University
in New York.
The Franklin companies mission is to make Bolivia great
again -
DD --
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
http://www.investorshub.com/boards/board.asp?board_id=5406
.
For All -
Beware -
Biggest Scam In History -
(speakers on)
http://tinyurl.com/earof
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
Amen
Eagle-Vision Outreach Youth Ministries -
Amen
In Reply To 'jdigilarmo' on 'Franklin Mining, Inc.'
Mayaya Gold Mine Project -
SAN ANTONIO, Mar 14, 2005 (BUSINESS WIRE) --
Franklin Mining,
Bolivia,
wholly-owned subsidiary of Franklin Mining Inc.
(OTC Pink Sheets:FMNJ).
Franklin Mining is excited to announce that
Franklin Mining, Bolivia has gone cash flow positive
for January!
CEO Mr. Melgarejo commented, "According to a report
that we received from Ing. Rocha
(the project engineer) from Dec. 29
to Jan. 30, our gold sales were about $34,600.00 USD.
Our cost of operations and administration
during this time
was about $16,720.00 USD;
this does not include loan repayment and other
obligations.
This left a cash surplus of about $17,900.00USD."
Mr. Melgarejo added, "As per our business plan
this money was re-invested in the mine during
the shut down for repair, maintenance and expenses
in February.
This should minimize our down time for the next couple
of months and allow us to increase our production.
We have also asked one of our technical advisors,
with extensive expertise in placer mines
in the area we are working, to review
the operation and advise recommendations."
Pictures -
http://www.franklinmining.com/Portals/40/picture%20pages.pdf
http://www.investorshub.com/boards/read_msg.asp?message_id=10548052
In Reply To 'jdigilarmo' on 'Franklin Mining, Inc.' -
The reports that we have seen that was done for the Bolivian government shows the area to have
an average tenor of .2-.4 grams per cubic meter.
We have seen unsubstantiated (meaning reports without drill records or extensive drilling
programs) reports to be between 0.4 to 0.6 gr/m3.
One report that was done by the Ministry of Mines and Metallurgy of Bolivia (report 388/00
made in 1984) lists the probable reserves of Mayaya of about 26,280 troy ounces of gold with an
average tenor of 230 mg’s per cubic yard based on a volume of 3,554,000 cubic yards (page 66).
This is about ¼ of the tenor that we have achieved at our pit we are currently working. That is
approximately 11 million dollars in probable reserves based on a $420.00 per ounce of gold.
http://www.investorshub.com/boards/read_msg.asp?message_id=10548052In
another report that was done byWatts, Grifis, and McQuat back 1997 table 2
“Inventory of Reserves
and other Mineralization probable reserves”
List the possible reserves in the kaka area
under Milliscuni , which is in the area we work,
shows a probable reserve of 52,055 ounces
based on a tenor of 257 mg per cubic meter
based on a volume of 6,300,000 cubic meters.
That is approximately 21.8 million dollars
in probable reserves based on a value of $420.00 per ounce.
Currently, as the operation stands we have the ability
to wash about 3000 cubic meters per
month.
Our operation is under equipped and undercapitalized.
Our strategy is to build local
banking relations while we our producing and to utilize
the local banks to further finance
equipment purchases.
Our original plan for 2005 is to expand our equipment
on site by a front loader, trucks and a
concentrating table as well as to buy the excavator
(we currently rent) as quickly as our cash
flow permits…this should increase our operational
capacity to about 25,000 cubic meters per month.
We hoped to accomplish this during the third quarter
of 2005.
This equipment would
increase our profit margins considerably and we should
then be in a situation that we can start
planning for a 2nd operation to start up by early 2006.
We hoped to have a third operation in
planning by 2nd quarter of 2006 and start implementation
of the third project by late 2006.
However, the shortage of diesel and the political situation
that occurred in Bolivia this year has
delayed our timeframe considerably.
http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf
http://www.investorshub.com/boards/read_msg.asp?message_id=10548052
Franklin Mining, Inc. ^^^ NEWS ^^^
Franklin Mining, Inc.'s -
Financial Audit Is Complete -
Wednesday May 10, 10:31 am ET
LAS VEGAS, NV--(MARKET WIRE)--May 10, 2006 --
Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News)
CEO Jaime Melgarejo has announced that Franklin Mining's
2004 and 2005 audits are complete and financial
statements have been received.
As soon as the FMNJ Board of Directors completes
their review and accepts the 2004 and 2005 audits,
consolidated statements will be prepared and released.
In making today's announcement,
Mr. Melgarejo stated that -
"Completing the '04 and '05 audits was one of the last
requirements necessary before turning our attention to
filing for FMNJ's return to Bulletin Board status."
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.
Additional information on company operations is found at our website
http://www.franklinmining.com.
Contact:
Contact:
Franklin Mining, Inc.
Andrew Austin
619-334-5644
info@franklinmining.com
Source: Franklin Mining, Inc.
==========
FMNJ - getting out of the pinksheets
and on to the Nasdaq OTC BB? -
http://www.otcbb.com/asp/Info_Center.asp
may one day be back at the big boards of
- AMEX - Franklin home -
FMNJ - Old Franklin - is one of the oldest
mining companies in the US -
want to see FMNJ move back to former Glory -
were Franklin belongs -
Franklin Gold $707.50 per ounce -
Franklin Silver $14.40 per ounce -
http://www.investorshub.com/boards/read_msg.asp?message_id=11037140
http://www.investorshub.com/boards/board.asp?board_id=5406
He is with You.
.
Franklin Mining, Inc. ^^^ NEWS ^^^
Franklin Mining, Inc.'s -
Financial Audit Is Complete -
Wednesday May 10, 10:31 am ET
LAS VEGAS, NV--(MARKET WIRE)--May 10, 2006 --
Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News)
CEO Jaime Melgarejo has announced that Franklin Mining's
2004 and 2005 audits are complete and financial
statements have been received.
As soon as the FMNJ Board of Directors completes
their review and accepts the 2004 and 2005 audits,
consolidated statements will be prepared and released.
In making today's announcement,
Mr. Melgarejo stated that -
"Completing the '04 and '05 audits was one of the last
requirements necessary before turning our attention to
filing for FMNJ's return to Bulletin Board status."
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.
Additional information on company operations is found at our website
http://www.franklinmining.com.
Contact:
Contact:
Franklin Mining, Inc.
Andrew Austin
619-334-5644
info@franklinmining.com
Source: Franklin Mining, Inc.
==========
FMNJ - getting out of the pinksheets
and on to the Nasdaq OTC BB? -
http://www.otcbb.com/asp/Info_Center.asp
may one day be back at the big boards of
- AMEX - Franklin home -
FMNJ - Old Franklin - is one of the oldest
mining companies in the US -
want to see FMNJ move back to former Glory -
were Franklin belongs -
Franklin Gold $707.50 per ounce -
Franklin Silver $14.40 per ounce -
http://www.investorshub.com/boards/read_msg.asp?message_id=11037140
http://www.investorshub.com/boards/board.asp?board_id=5406
He is with You.
.
americano - China Urged to Quadruple Gold Reserves
(Reuters 5/9) -
Chinese economists are urging Beijing to quadruple
its Gold Reserves to 2,500 tonnes from the current
600 tonnes because the country foreign exchange
reserves had become the world's largest, an
official industry newspaper reported.
"More Gold Reserves will help the government prevent
risks and handle emergencies in case of future
possible turbulence in the international political
and economic situation," the paper said, citing
Tan Yaling, a researcher with the Bank of China.
A weak dollar had also made more gold holdings
necessary... China has been trying to gradually
diversify its reserve holdings away from the dollar.
Franklin Gold $703.00 per ounce -
Rhodium $4990.00 per ounce - Gold will follow -
Franklin Silver $14.52 per ounce
FMNJ P&F Bullish
FMNJ Price objective $2.19
when will it be accomplished? -
what is your objectives? -
thanks for joining FMNJ mission -
history often repeat itself -
http://tinyurl.com/gjge9
China Urged to Quadruple Gold Reserves (Reuters 5/9) -
Chinese economists are urging Beijing to quadruple
its Gold Reserves to 2,500 tonnes from the current
600 tonnes because the country foreign exchange
reserves had become the world's largest, an
official industry newspaper reported.
"More Gold Reserves will help the government prevent
risks and handle emergencies in case of future
possible turbulence in the international political
and economic situation," the paper said, citing
Tan Yaling, a researcher with the Bank of China.
A weak dollar had also made more gold holdings
necessary... China has been trying to gradually
diversify its reserve holdings away from the dollar.
RE: Eurasia EURO Gold $703.00 per ounce -
Rhodium $4990.00 per ounce - Gold will follow -
Viktor Vekselberg Renova want Charaltyn -
because he knows its the richest Gold projects
in the world -
that the price a firesale bargain at a dime
on the fiatdollar -
he will be back to buy more -
Eurasia TKA - refused to sale him more -
TKA - maybe Thyssen Krupp holding -
using ally-caretaker -
to keep their unions out -
to me a demand from Viktor, TKA -
russia and the rest of EURO -
will blow the Eurasia Gold -
from $0.45 - 4.50 - 45 - 450 -
no doubt -
Eurasia the new Klondike in EURO
the Last Frontier -
with 100's of Gold deposits - only
drilled to 300' but still classified
as Gold deposits which can be mined
for a profit by russian engineers who
did explorations for 50 years with soviets
ussr gov. fundz -
thanks Nobel - good info.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
.
PRESS: Russia's Renova close to buying 25% in Kazakh gold co
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....