Franklin Mining Inc. (FMNJ) $ 0.007 +0.0015 (+27.27%) Volume: 26.78 m 3:59 PM EST Feb 15, 2008
Potosi - the highest "city" in the world. And at one time the richest. For it was here that the Spaniards mined enough silver, as legend has it, to build a bridge of silver that could span from South America to Spain.
Generations ago the indigenous people of the Altiplano named the mountain where the silver was mined "beautiful mountain" or in the Spanish translation "rich mountain".
It's sad to see the community that was once the richest and most prosperous in Latin America now one of the most impoverished - Potosi claims not only the highest city in the world and its history as once the world's richest, it also must list high in the ranks as the city with the most churches. For with all the wealth the Spanish built churches. Many of the old houses of worship are schools or other places of business today.
The conditions workers must perform their jobs in the mines are depressing. Once owned by three individuals the mines were liberated and controlled by the state after a "revolution" of sorts in the 1950's. But as the price of tin plummeted as the world moved from tin and metal containers to plastic, riots, strikes and conditions in the mines grew worse. The state eventually had to close down its mines. Today the mines are owned by a handful of cooperatives in which the minors participate.
FMNJ has a great mission to get the safety into the mining operations -
In Bolivian Cerro Rico Mountains, one of the richest silver depositories in the world, adults and children are being exposed to dangerous working conditions and illnesses -
Franklin Appoints Howard Dunn Vice President of Operations - International Mining - Wednesday, February 13 2008 1:00 PM, EST Market Wire "US Press Releases " LAS VEGAS, NV (MARKET WIRE) - 02/13/08 --
Franklin Mining, Inc. - (PINKSHEETS: FMNJ) ( FRANKFURT : FMJ)
Chairman, CEO and President, William Petty, this morning announced the appointment of Howard B. Dunn, P.E. as Vice President of Operations for International Mining.
Mr. Dunn, a registered Chemical Engineer - earned a Bachelor of Science in Geological Engineering - from the Colorado School of Mines , Golden, CO - in 1985 and returned to earn a - Master of Science in Metallurgical Engineering in 1989.
Mr. Dunn began his engineering career working in - rock-tunneling and dam design and construction before focusing on research and development projects in ceramics and chemical based processing with manufacturing firms including Ueblacker & Assoc, ENSECO Inc , Coors Ceramics Co, Hazen Research, Inc , H.O.T. Enterprises and AZ Technology, Inc.
Mr. Dunn also served as Executive Director of the University of Idaho's Business Technology Incubator before moving to ESG, Inc. in 2000 and American BioDiesel, Inc. in 2003, two companies with which he continues to maintain consulting relationships.
Prior to his work with the University of Idaho , Mr. Dunn's chemical engineering career included work in areas such as ceramic processing, chemical based processing, high performance ceramic and polymer-based materials and chemical based recovery of waste tires, industrial coatings technology and special chemical manufacturing.
Since 2003, Mr. Dunn has been a leader in the North American development of licensed state-of-the-art European bio-diesel and energy from bio-mass technologies.
About Franklin Mining, Inc : Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina . Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission . These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc. For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. S. Austin & Company , 1-702-386-5379. For further information:
Silver has just been kicked so hard this time around - tonight at $16.55
My long position got stopped out last night at $18 and I was furious! I shoulda coulda gone short right then and there! Even if it feels like your kicking a good buddy in the head!
I'm too out of cash now to go long on silver and to scared too right now even as I stare at at the 15min doji at $16.75 (Silver May 08 CFD future)
Please let me know where i should set my trigger to go long on this should any one know when and where that is??? (looks like we are going up now - for a bit?
Is this the beginning of the next BULLL RUN! OR Are we going down to 14 bucks?