Franklin Mining, Inc. (FMNJ)

[sps50]

We all want reassurance. That is why I call. Steve N was short on details which were alluded to come in future PR's or President's newsletters being worked on but with less priority than other issues. Let me read between the lines...

1. Steve N, is this taking a lot longer than you all anticipated? Answer: Most certainly. Interpretation: we may get a President's letter but GTL is farther down the road and the plant purchase(s) setup is taking longer than previously told to us. It will occur, but not as fast as I want.

2. Is Texas oil wells making money? Answer: Yes, it is being reinvested in rework, etc..... Interpretation: Good long term prospects but with oil at these low prices and FMNJ's small % of ownership without control = too embarrased to tell the $ figures. Shucks, Bill. I would tell everyone the good news.

3. Suspect S.A. oil ventures will be delayed until the price of oil turns around.

4. As an offset, FMNJ IMO will concentrate (finally) on Escala and work harder at preparing new tunnels and the gold field for testing exploration and eventual production.

FMNJ does not have rocket ship pps reputation (duh!) but it would serve us all to keep letting others know about them so DD can be done and people see the potential. Downers telling the obvious does no one any good. Reality is more interesting than fiction. What say you Mart?