Franklin Mining, Inc. (FMNJ)

[rjabullion]

I've been reading the postings here for awhile. Although I'm not up $500,000 I am up quite a bit and thankflul. Last year at this time TRE (Tanzanian Royalty Exploration) was tradng at .72, it closed at $8.87 Friday. Yes, there were a few pull backs along the way but there was an initial steady run up into the the low $3.00 range before any pull back of merit (which was brief). TRE has many things in place but they haven't mined an ounce of gold/silver etc. Granted, its a royalty company so their business plan is different but this run is still based on what is expected to come in the future.

I write this to say we could be in a simialr situation here with Franklin. Myself like many others are looking for a pull back but that is pretty normal for markets, especially bull markets. After the splits, FMNJ still traded in the $1-$3 range, which would be a miniscule blip on the monthly chart should the stock go back to that range. Plus, the volume for this stock over the past 18-24 months is worth noting (accumulation?).

This initial run up could easliy go to .25-.75 before any pull back of significance. Is a pull back now to .04-.05 really that big of a deal in the long term? I think not. This stock is worth riding. TRE has been and still is!