bug-cvs
[Top][All Lists]
Advanced

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: FMNJ: The BULL Market in Metals is Just BEGINNING!!


From: Ismael Conner
Subject: Re: FMNJ: The BULL Market in Metals is Just BEGINNING!!
Date: Tue, 09 Mar 2004 05:03:33 -0500
User-agent: AOL 7.0 for Windows US sub 118

OTC FIRST ALERT -  NEW Public Company of the Month

Symbol: FMNJ
Market: OTC
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 
resumes.



 "...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 
Stanley.



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.



FINAL CONSIDERATIONS

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





The information herein is for information purposes only and should not be 
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 
without notice. Small-cap companies, micro-cap companies, penny stocks and/or 
thinly traded securities are inherently risky and volatile; therefore the risk 
of losing some or all should be calculated. Please always do your own due 
diligence and consult a financial advisor. Americall accepts no liability for 
any losses arising from an investor's reliance on or use of this report. 
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 
is forward-looking within the meaning of the Private Securities Litigation 
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

To be removed from our list, please go to http://www.ministration.biz/remove.php


reply via email to

[Prev in Thread] Current Thread [Next in Thread]