Franklin Mining, Inc. (FMNJ)

[imanjen13]

The Utah mining cave in makes it clear that the mining industry is very dangerous for the miners who work in often unbearable conditions. The three Bolivian projects represent three different types of mines that the company is trying to fund. My understanding is that the tailings project is to process tailings that have previouly been mined. There is no shovel to stick in the ground since it requires the construction of a processing plant. I think we will have an update this week on the on site survey, findings and plans of Miramonte to construct the processing plant. Likewise the Escala Mine is a mine that was mothballed in the 90s when zinc prices collapsed. The company claims it is in the process of retooling, cleaning the facility and hiring a workforce since this is a existing mine. The elephant in the room is Cerro Rico which is a mountain where the company has been given the right to mine 5 rich veins. This will take the most time since the company will have to build the infrastructure. I think the company has raised the needed capital for Pulacayo but hopes to get help from GDR Privee to capitallize the other projects. The news this week should clarify the current status of theses projects. The promised newsletter should also help clarify what is going on. Being the eternal optimist I am keepig the faith.