Franklin Mining, Inc. (FMNJ)

[imanjen13]

Good post americano. Now that Juan Carlos Ortiz is the new pres. of Ypfb, I hope that fmnj relationship still remains strong with this state owned petroleum corp. It is interesting that the contract that got Alvarado in trouble was for the export and distribution of oil products and not the importation of scarce diesel fuel. Under the Sam agreement, fmnj gets 49% to arrange financing and manage the processing plant and the distribution was to remain the responsibility of Ypfb not a foreign entity such as Brazil. I have a feeling that the gov't thinks that the brazillians have been ripping them off forn many pre Ewo Morales years and this may be a perfect storm type environment for our company to thrive. I will feel a lot better if the state company improves its financial position. Perhaps Jaime is working on it behind the scenes. A comment from us in a release such as the post nationalization comment of compliance would be noteworthy.