Franklin Mining, Inc. (FMNJ)

[imanjen13]

Actually the press conference went badly in my opinion because the interviewer did not do any homework about the company making his early comments assinine. Comments like you bought a dirty shell and what is your burn rate, a question suited for a biotech, indicated a bad attitude and false preconceptions about the company. Eventually Jaime was able to make a few points but his tempo was thrown off by the bad vibes thrown off by the interviewer....That being said, I think there was some inportant info from Jaime regarding the company's prospects and financial picture. While the outstanding shares is 1.5 billion, the float was confirmed to be approx 700 million. At 3 cents the market cap is $21 million, not an outrageous number. If the revenue stream is on target and the company shows a profit by year end, A 15 cent price or 100 million market cap would not be unreasonable.The company's expenses are now 15,000 a month and the co has 350000 cash on hand, so that if there was no revenue for 10 months we could still operate. Too bad the interviwer didn't ask how the company was financing the gtl plant. I believe that it will not be internally financed and the company has a deep pocket angel such as Shaw group who can make it happen. Finally we can expect new next week on the assay for the 3 veins and a rough draft of a Contract has been submitted for our attorneys to review. All in all pretty positive if not eye opening. And to paraphrase Jaime, said, we are still honing and implementing a business plan. This can be a real big deal and I'm <.ALL IN>.NUf said- i am off this board until tuesday. Sorry if this was too verbose.