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Re: stockobserver post# 12392

Tuesday, 01/09/2007 4:50:11 AM

Tuesday, January 09, 2007 4:50:11 AM

Post# of 42636
Good find stockobserver. It is interesting to note that the article lists the companies with the largest known silver deposits in descending order. Remarkably Fmnj is number five on the listwith the caveat that the company can move up or down on list once actual production commences. It is saying, in effect, that Franklin controls the 5th largest undeveloped silver cache in the world.The trick,of course, will be for the company to obtain the capital to start production. It is also evident that the tax increase is no big deal. In fact,it may have a calming effect on the companies as the government seems to be moving away from the nationalization policy that scared investors when announced on May 1,2006. Apparently only two other companies are operating in Bolivia in silver industyare Apex mines,SIL,ase and CDE,Coeur d alene, CDE,nyse. I am going to check their market caps to get an idea of the current potential for fmnj.Thanks for the good work.