Replies to post #25787 on Franklin Mining, Inc. (FMNJ)

[8]

1B shares at .0005 is 500k.

The 1st oil well in TX has an estimated value of 6M.

Two more wells are are being worked on.

Lots of irons in the fire IMO.

Each of the projects are said to become positive assets according to the latest newsletter.

GLTA

[sps50]

If that were accurate, then I would agree and FMNJ would be at .0001. The shares were collateralized private placements for loans as were several other issuances lately for equipment in Escala, Texas, etc. per HQ which is a better move (risky on the part of the lender!) and keeps the stock off the activity charts.