Franklin Mining, Inc. (FMNJ)

[imanjen13]

The $10-40 cost per ton range you site is rather large. Also I am somwhat mystified that the status letter projects the processing of 200 tons of material per day at full production. Considering that the company claims it has 1000 tons on the ground, it would only take 5 days at maximum production to eat up that backlog. Do you or anyone here have some realistic guestimates as to what the company could hope to net if it starts processing lets say 40 tons of material per day. Finally, the cost you cite must be highly influenced by the decision to process in house or ship to an outside processing plant. Maybe that is why the company has been so hesitant to ship the ore by truck to a outside plant. As a start, it would be encouraging if the company can report any income, even if it is small due to processing problems.