FMNJ Executives Considering Stock Buy-Back Plan -
FMNJ with Cerro Rico, Potosi, the worlds largest and richest Silver Mine -
FYI. FMNJ recently got Cerro Rico Silver Mines and its important - to be at the right place at the right time -
let's compare Kinross - Franklin -
Franklin Mining, Inc. -
(FMNJ) Executives and Board Members are conferring with corporate -
legal counsel to prepare a plan for the buy-back of shares.
The timing of the buy-back and the exact number of shares
will depend on market conditions.
In releasing this information, Jaime Melgarejo, Jr.,
Franklin's CEO said,
"With the addition of our new Zinc contract in Japan
and a pilot plant being relocated to the Pulacayo Tailings
work site, we are confident we have sufficient resources
in place to consider a buy-back of shares plan along
with several other plans by which the corporation's
$30 million tax loss carry forward can best be
utilized for the benefit of shareholders."
According to the International Lead & Zinc Study Group
(www.ilzsg.org), Zinc's worldwide demand is expected to
continue outpacing supply for the next several years.
And with the London Metals Exchange's spot market quotation
recently hovering near $1.59 per pound (www.lme.co.uk),
Franklin is projecting gross revenues
of $1,646 (USD) per metric ton.
The tax loss carry forward was previously discussed
in the February 22, 2006 press release
"Franklin Mining Reports $30Mil Tax Loss Carry Forward"
available at our web site,
www.franklinmining.com.
Hold on to your hats -
don't sell anything -
history often repeat itself -
FYS. FMNJ info -
investorshub.com
FMNJ is a screaming buy for me -
has to buy some more and Enjoy -
if I don't buy much more -
and be a FMNJ copycat -
I may get sick after the run -
but by my heart EnjoY the FMNJ -
Mission -
Imo. Tia.
God Bless
Subject 56926 |
