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Wednesday, January 18, 2012 12:28:47 PM
"According to the terms of this 6 month agreement, Franklin Mining will collaborate and provide all drawings and specifications, and will provide in the range of $800,000 to perform the Escala Project objectives to completion."
What this company has to do at Escala is described as under.
"(Pink Sheets:FMNJ.pk - News) - is pleased to announce that the Company has finalized the highly anticipated agreement with Bolser Ltda. which will be instrumental in providing civil and mechanical work services; including construction and maintenance, mass earth movement, camp and plant construction and maintenance, and railroad construction for the Escala Mine."
Is there any body on this board who believe in his right mind that any company can complete all the stated work in 6months and start production in an area like Escala. This time frame is too short for this type of work, even in highly developed North American settings. Here we are fed a news that all that work will be completed in 6 month. For me even 'mobilization time' for contractor can easily exceed 6 month. Even this place remains in accessible for couple of months every year during raining season.
Therefore to me this is same optimistic PR as usual and is precursor to sell few more billions of shares to some one.
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