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Wednesday, May 10, 2006 6:45:17 PM
Everyone is so focused on the silver/oil agreements in Bolivia that will be huge based on facts. But noone I believe sees the true value with FMNJ of having the exclusive rights to 51 mining claims of which 28 are patented for the Franklin Mine in Colorado. Rights to explore, mine, extract and process all minerals. This includes very large Zinc and Silver deposits in these claims.
Zinc has tripled in price this year and key analysts stated price will stay at record highs for the balance of the year because of low inventories. The larger revenue generated from this Zinc and Silver from the Colorado mine (yes mines in the U.S.) will be significant.
Having said that, the agreements w/YPFB and Comibol will also be very large and finalized near term as well.
Now today, Jaime announced the financials are near completion so FMNJ can get back on the bulletin board which shows strength to come. The shakeout of the newbies and small investors over the last week is a pity.
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