Franklin Mining, Inc. (FMNJ)

[imanjen13]

The Bolivian GTL plant was always a long shot since it requires a commitment of in excess of $300 million, a figure obviously out of FMNJ's reach. The gtl plant in Argentina is more modest and has a better chance of being financed especially since the political situation there is perceived as being more stable. I believe that the company retained GDR Privee for a search for a financing partner for this partner. The last announcement may be suggesting that the investor wants to buy Fmnj's rights to Argentina GTL project so they will have total control after completion of the plant. Fmnj can use the money for financing the 3 bolivian mining projects. This seems to be a synergistic plan. The next news should update the Miramonte review of tailings sample for the processing plant decision.