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Fw: FMNJ: The BULL Market in Metals is Just BEGINNING!!
- From: "Petra Coffman" <sslhhmuztvq at yahoo dot com>
- To: help-gcc at prep dot ai dot mit dot edu
- Date: Tue, 09 Mar 2004 05:44:08 -0600 -0600
- Subject: Fw: FMNJ: The BULL Market in Metals is Just BEGINNING!!
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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. Mini=
ng stocks have more momentum. Mining companies are in the early stages of=
a growth cycle as demand for nickel, copper and gold increases." - Jim Ju=
bak, 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 g=
old strikes in central Colorado - (formerly as Franklin Mining Co. and Fra=
nklin 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 M=
ines and Mills in Colorado and the El Alacran Deposit in Colombia. These m=
ining projects have major Gold ore body potential, which is indicated by e=
xploration results and drilling results.
The Franklin Mines and Mills in Colorado have multiple claims, existing pe=
rmits, and a crushing and flotation mill on site. It has a history of pro=
ducing 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, whic=
h 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 discovere=
d 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 M=
organ Stanley.
The El Alacran Deposit project includes three exploration licenses totalin=
g 1,265 hectares of known gold, copper and silver resources. Geologist Rob=
ert P. Shaw has summarized calculations of gold and copper resources as fo=
llows:
* 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 i=
t equates to over $16 million.
* Possible/probable Gold underground mining potential is 206,610 oz, whic=
h at $390/oz it equates to over $80 million; the Copper potential is 216,3=
41,000 lbs, which at $1.00/lb it equates to over $216 million
The El Alacran ore zones are not constricted, appear to repeat systematica=
lly and are open at depth, which offers possibilities for the exploration,=
discovery and long-term development of potentially large-scale Gold and C=
opper resources. Silver is also indicated and probably significant but ca=
lculations are premature at this time.
FINAL CONSIDERATIONS
We are still a long way from gold being overvalued and, in the meantime, t=
here is an awful lot of money to be made in this sector, especially in min=
eral 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 min=
eral 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 otc@ministration.biz
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ties. This assembled information is based on information supplied by the c=
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aning 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 diff=
er materially from expectations expressed herein.
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