Franklin Mining, Inc. (FMNJ)

[MSEED]

Shaw Group to partner w/FMNJ on LTG plant
FMNJ announced months ago it had teamed up with the Shaw Group(w/revenue of +$3billion a year) to build the LTG plant, thus allowing FMNJ to proceed with the JV w/ YPFB. Not once as you have suggested has it been mentioned that there is an issue w/funding to complete the project. Since this is the first LTG plant for Bolivia and currently FMNJ is the only company in a JV with YPFB to construct and operate it, I do not think the funds necessary will be a problem. IMO, with Shaw's capability (including possible funds thru JV participation) and with Bolivia needing this to happen, it will get done. The benefits to Bolivia to have this refinery and possibly others is quite substantial.

Also, IMO I do not know any investor looking for .50-$1.00 PPS on this stock anyway near term. With the potential silver/zinc reserve revenue projected from the 4 veins at the Cerro Mine, and the 5000 barrels a day JV participation allotment from the refinery, the estimate of annual revenue (subtracting Bolivias high tax and JV splits), is approximately $55 million dollars annual potential to FMNJ. (Based on oil @ $65-70 dollars and silver @$13oz.) This would project a pps of +- .35 a share, still quite impressive. Not accounting for the large potential reserves of zinc, a metal which is in short supply per analysts and will be for the balance of the year minimum.

With FMNJ, if you critique their process of establishing a strong base with Bolivia; with Comibol and YPFB and also with such a strong company as The Shaw Group, it is well done. There are so many other stocks that have 1/10th of the mineral reserve capability and/or oil reserve potential trading so much higher than FMNJ which has the potential for both.

I look forward to the PR/News release shortly on the remaining 3 veins and the finalization of the JV agreements.

Thank you for your info from Andrew.


As always, this is my opinion only, please all do your own due diligence.

Best Regards