Replies to post #10614 on Franklin Mining, Inc. (FMNJ)

[Trueheart]

Correction: As you estimated, the 35% of $6 billion is $2.1 billion. Still a nice return and that does not include the zinc and lead.

Trueheart

[Martucciisstillscum]

My point was I think that Sumitomo's investment was great, too great.

[Trueheart]

Mart, looking beyond the silver at San Cristobol, 8,000,000,000 pounds of zinc at $1.75 per pound plus 3,000,000,000 pounds of lead at $.70 per pound is one chunk of money. Sure, there are mining and development costs plus the government's take but even if you take away 50% and multiply that times 35% you get still a chunk of dough foe the lead and zinc (about $2.8 billion).

Trueheart