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Re: FMNJ: The BULL Market in Metals is Just BEGINNING!!
Re: FMNJ: The BULL Market in Metals is Just BEGINNING!!
Tue, 09 Mar 2004 16:30:43 +0500
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OTC FIRST ALERT - NEW Public Company of the Month
Sector: FMNJ is a gold exploration and mining company
The BULL Market in Metals is Just BEGINNING!! "Which is the better buy now,
technology or mining stocks? Surprise, the winner is mining stocks. Mining
stocks have more momentum. Mining companies are in the early stages of a
growth cycle as demand for nickel, copper and gold increases." - Jim Jubak, a
senior markets editor for MSN Money
Franklin Mining, Inc. (OTC: FMNJ) is a gold exploration and mining company
FMNJ has a long 138-year history beginning in the late 1860s with the gold
strikes in central Colorado - (formerly as Franklin Mining Co. and Franklin
Consolidated Mining Co.)
Due to the recent stable and rocketing Gold prices, FMNJ is again gearing up,
acquiring and developing two initial mining properties: the Franklin Mines and
Mills in Colorado and the El Alacran Deposit in Colombia. These mining projects
have major Gold ore body potential, which is indicated by exploration results
and drilling results.
The Franklin Mines and Mills in Colorado have multiple claims, existing
permits, and a crushing and flotation mill on site. It has a history of
producing gold, silver, lead, zinc and copper, and the potential to become a
small - to medium producer of high-grade gold, silver and base metals.
Geologist Gifford A Dieterle has summarized the mineral valuations of the
Franklin Mines as follows:
* Proven/probable Gold mining potential is 58,680 oz, which at $390/oz it
equates to over $22.8 million; the Silver potential is 1,255,572 oz, which at
$6 oz it equates to over $7.5 million
These valuations only take into account the current Gold and Silver values that
can actually be sampled, additional gold and silver may be discovered as mining
"...Gold ascends to $500 an ounce..." this is a prediction made for gold in
the year of 2004 - Byron Wien, a US Senior Investment Strategist with Morgan
The El Alacran Deposit project includes three exploration licenses totaling
1,265 hectares of known gold, copper and silver resources. Geologist Robert P.
Shaw has summarized calculations of gold and copper resources as follows:
* Proven Gold underground mining potential is 96,280 oz, which at $390/oz it
equates to over $37 million; the proven Copper potential is 84,532,577 lbs,
which at $1.00/lb it equates to over $84 million.
* Possible Gold open pit mining potential is 41,324oz, which at $390/oz it
equates to over $16 million.
* Possible/probable Gold underground mining potential is 206,610 oz, which at
$390/oz it equates to over $80 million; the Copper potential is 216,341,000
lbs, which at $1.00/lb it equates to over $216 million
The El Alacran ore zones are not constricted, appear to repeat systematically
and are open at depth, which offers possibilities for the exploration,
discovery and long-term development of potentially large-scale Gold and Copper
resources. Silver is also indicated and probably significant but calculations
are premature at this time.
We are still a long way from gold being overvalued and, in the meantime, there
is an awful lot of money to be made in this sector, especially in mineral
exploration companies." - Paul Van Eeden
The mining potential that FMNJ could extract from these two mines is over $465
million. However that is not enough for FMNJ.
FMNJ is continuing to drive ahead and is currently investigating other mineral
properties and active precious metal mines in North and South America to:
1. Successfully grow its asset base
2. Revitalize its operations
3. Producing low cost precious and base metals
4. To generate a substantial return to its investors!
Receive First Notice on Companies like FMNJ address@hidden
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construed as an offer or solicitation of an offer to buy or to sell securities.
This assembled information is based on information supplied by the company,
press releases, SEC filings, or from other sources believed to be reliable, but
no representation, expressed or implied, is made as to its accuracy,
completeness or correctness. The data contained herein is subject to change
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thinly traded securities are inherently risky and volatile; therefore the risk
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Americall has been paid twelve thousand dollars for the dissemination of this
information. Americall and its affiliates, officers, directors, members and
employees may hold, buy or sell common shares of profiled companies in the open
market without notice. On technical analysis may from time to time cause the
target price to fluctuate without notice. Certain information included herein
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Reform Act of 1995, including, but not limited to, statements concerning
manufacturing, marketing, growth, and expansion. Such forward-looking
information involves important risks and uncertainties that could affect actual
results and cause them to differ materially from expectations expressed herein.
Americall - 6 Eftute Ave - Kingston 10 - Jamaca WI
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