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Tuesday, May 02, 2006 5:01:03 PM
The oil/gas issue was a bonus. FMNJ is working closely w/Bolivian govt.; and working w/Comibol that will provide better working conditions, etc. is also setting up a strong foundation for continued success in Bolivia.
Jaime is fully aware of all the issues w/ Pres. Morales. Once the jv agmnt info (revenue, future veins, etc.) is made public on the 4 primary silver veins, the revenue will be the proof to support strong FUNDAMENTALS. All the constraints that Pres. Morales is pushing only bodes well w/FMNJ, who is already in place to be the front runner. Comment from Jaime stated that "FMNJ likely to be the "first" company to contract w/the Bolivian govt. on natural gas". FMNJ's oil and gas is a Bolivian company, set up that way on purpose.
I also do not like pump/dump or skys the limit posters but the selloff yesterday was based on panic from not reading the news properly. If you analyze the "potential" revenue from the silver mining and oil/gas production, the stock price should be well above what it is now, w/continued upside.
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