'Sargeant-Preston' This license will only benefit Franklin if they have their own mineral or ore production to market. Otherwise there are giants in the trading business in the market and to compete with them for the piece of pie is very competitive if not impossible. My company is also in trading business. Although I had committed buyer for Iron Ore in Asia, I was not able to convince any producer/miner or big trader to promise to supply 300,000tons of Iron Ore. You need to have a full authorization of a miner to sell a certain amount of his/her production. All the big miners, these days have their own trading dept to conduct business with the world. This is the case with big and medium size mine while there can be small ones who have to have a trader company to market their mineral. But then comes the question of market of scale and the associated cost.
There are various issues related with international trading from Bolivia and major one is shipping details. Due to land locked country, shipping rates will be higher compare to other neighboring countries like Brazil, Chili and Peru. However they will save the dollars usually goes to trader provided they have there own producing mines. For that purpose Franklin has to prioritize the mining of there own mineral. I will be excited if they let us know the names of the minerals and miners who have authorized them to sell there production. Those contracts will really matters for the trader.
One big competition in Bolivia is Glen-core. That is a big trader, with well established offices all over the world. This is one example and I'm sure their must be more like them in the market.
Therefore today's PR is not much different then the one we are used to read over the period of half a decade here.
