Franklin Mining, Inc. (FMNJ)

[imanjen13]

My take on the newsletter and reading between the lines. Company is selling product from Escala and will use the nearby processing plant since the company does not have the capital now to build it. He leaves the door open for a decision in January if the Escala estmates of mineral wealth proves accurate.
The gtl plants are still up for sale and results from the November meetings and any capital deals will have to wait till after the quick approaching holidays. I was disappointed that we didn't get any hard sales numbers but on reflection it may be improper since sales are supposed to be reported in a 10q sec report with audited numbers.
Cerro rico will need a lot of capital to build the infrastructure.Any true start of on site preparation is probably a year away.
That being said, the company is now running an established silver mine. with credibilty as a actual mining company, it would not be surprising if they were awarded other sweetheart deals by comibol. The 20% profit sharing arrangement with the cooperatives may prove to be a brilliant stroke by Petty.
they are negotiating to sell the Colorado property and Pulacayo is for all purposes dead probaly due to high environmental costs.
Finally we may get a little news just before the Holiday as the the result of the next sale. Hope to see a nice January effect move starting soon. And best of all, americano is back.