Franklin Mining, Inc. (FMNJ)

[imanjen13]

I believe the catalyst to make Franklin a successful mining company will be the ability to generate suficient cash flow to finance the development of Cerro Rico. The March 31,07 financial report shows a negative (-247,000) cash flow. The hope is that Escala will turn the negative outflow to a positive infow of the money needed for the companys primary project. The companys report lists a 1 million d0llar legal judgment and a 200k reserve for cleanup in Colorado.This seems to be extraordinary one time charges. I have not seen any reports as to what this judgment pertains too; but, my guess is it may involve an environmental suit brought by Colorado involving cleanup of abandoned mining sites. Stock continues to trade listlessly on very light volume considering the large O/S. If they can report good revenue stream from Escala and/or some financial help from the sale of the gtl properties or Colorado, the trading activity should come in on the buy side. Going on the otcbb would help too as they have a more efficient market maker system as opposed to the pinks making executions a little easier for traders. Anyway, thats my take for anyone who cares. Good luck.