Franklin Mining, Inc. (FMNJ)

[imanjen13]

The friday .0275 price is the highest close since sept 7 when it closed at .029. Volume is not very impressive yet but I believe that interest will increase with the move to the otcbb and the start of tailings pilot plant. A reading of the 10k for the quarter ending Sept 30 answers the dilution question posed by the bears here if they only took the time to do their own due diligence.Obviouly the compny needed money to pay for the pilot plant, the opening of corporate offices and the payment of consultants, accountants etc. They raised approximately 500,000 through the sale of shares to a privae investor or investors. Kind of llike a bridge loan except the money was exchanged for shares so the company has no debt. The need for additional financing may not be necessary if the tailing project generates the amount of cash flow expected by the company's evaluation done by independent experts.The true unknown is the Cerro Rico project. If it really contains the 2.2 billion in minerals, and the company has someone or someway to finance the gtl projects, the eventual market cap of the company can be enormous.In my experience the high flying stocks were valued for their great potential before it became a reality. While most failed when their projectons proved to be unattainable, a small few flourished when they were able to execute their business plan and model. See the internet and gene development stocks for a list of busts and stocks such as amazon and ebay for booms. In which category will fmnj fall, that is the question an investor hopes to guess. Yes a guess, albeit an educated guess based upon info available and then hope for a little or a lot of luck. At current level, the price seems very modest Thats my 2 cents worth of opinion this weekend.