Yeah mick, FMNJ is a diamond in the rough, with news like that, I can't believe where the stock is trading right now...
For anyone reading this, beware FMNJ is a sub-penny pinksheet stock and not your average Joe's cup o' coffee!!!
And here's what we're talking about,
Franklin Mining, Bolivia Has Achieved Positive Cash Flow March 14, 2005 01:05 PM US Eastern Timezone
SAN ANTONIO--(BUSINESS WIRE)--March 14, 2005--Franklin Mining, Bolivia, wholly-owned subsidiary of Franklin Mining Inc. (OTC Pink Sheets:FMNJ). Franklin Mining is excited to announce that Franklin Mining, Bolivia has gone cash flow positive for January! CEO Mr. Melgarejo commented, "According to a report that we received from Ing. Rocha (the project engineer) from Dec. 29 to Jan. 30, our gold sales were about $34,600.00 USD. Our cost of operations and administration during this time was about $16,720.00 USD; this does not include loan repayment and other obligations. This left a cash surplus of about $17,900.00USD." Mr. Melgarejo added, "As per our business plan this money was re-invested in the mine during the shut down for repair, maintenance and expenses in February. This should minimize our down time for the next couple of months and allow us to increase our production. We have also asked one of our technical advisors, with extensive expertise in placer mines in the area we are working, to review the operation and advise recommendations."
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