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Gold/Mining/Energy : SILVER (Ag) PRODUCERS
FMNJ 0.000800+60.0%Nov 3 12:56 PM EST

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To: hilligas who wrote (47)3/22/2007 4:30:49 AM
From: NYBob1   of 144
 
Don't sell now........

FMNJ P&F Pattern........



FMNJ P&F bullish price objective $2.19/sh.

FMNJ Cerro Rico - PAILAVIRI II -


The Pailaviri II Project -
Cerro Rico (The Rich Mountain) that essentially consists
in the development and exploitation of the field
west sector veins was proposed under two alternatives
that can be resumed in the following manner:

Alternative 1
Execution of a 2,000 meters long adit,
from the surface towards and meeting
The San Miguel vein, discovery vein -
nearing level -5 -

And the execution of three other adits
on three levels with an extension of 1,400 meters -

Alternative 2
Execution of 400 meters long ramp from the surface
and four adits on different levels with an extension of
2450 meters.

Both alternatives contemplates a first exploration phase
involving diamond drilling, and the development of a
total extension of 12,000 meters long
on 15 mineralized structures.

This new proposition contemplates a first development
instance of 400 meters on
the San Miguel vein on level -5,
getting to it the execution of a 30 meters trimming
adit XC-5-01 realizing previously rehabilitation
labors starting from the Bolivar dip.

1.2. MINE HISTORY
A recent study, realized by
the North Americans scientists Mark B. Abbott and Alexander
P. Wolfe published in the review Science in
September 2,003,
concluded categorically that the exploitation of Silver
on the Potosi Cerro Rico goes back to
the Tiawanacota Period.

The conclusion is based on sediment studies,
extracted near the Cerro Rico,
in which metal evidence where found that could have been
the result of silver refination process.

Carbon 14 testing, revealed that the sediments antiquity
to be 1,000 years before Christ.

According to tradition, the first silver veins
were found in the Sumac Orcko
(beautiful Mountain) today Cerro Rico de Potosi,
in January 1,545 by an indigenous shepherd
Diego Huallpa, depending from a known miner
from Porco, Don Juan de Villaroel.


Historically, since the registry of the vein
“Descubridora or Centeno” by Don Juan de Villaroel,
the 22 th of April 1,545, the deposit has been worked
in accordance with the Mine Opening.

Since 1546 until 1,719, great bonanza periods have been
reported for the quality of the mineral,

with ore contents between 1,500

and 9,000 silver ounces per ton -

RICHEST SILVER MINE IN THE WORLD




Cerro Rico CasaMoneda Mint -

At the outset the mineral where recovered by
the Incaic method “Huairachinas”
and starting from 1,580, on instructions from
the Peru Vice King,
the amalgamation method was introduced.

Starting in 1,852,
the exploitation on an industrial level was organized
with the establishment of mining companies starting
to operate on the Cerro Rico.

In 1,952 occurred the nationalization of the mines
and the Cerro Rico passes to depend
from The Mining Corporation of Bolivia (COMIBOL),
entity that keeps exploiting tin minerals.

In 1,986,
due to the low tin quotation -
the mining operations where closed.

It is from there on, that the ex-miners from
the Mining Corporation and others sectors,
organize the Mining Cooperatives
and take over on a leasing base various areas of
the Cerro Rico
in order to realize mining exploitation
and The Mining Corporation of Bolivia (COMIBOL)
developed the activities of regulating body in
accordance with the laws established within
free marking.

investorshub.com
FMNJ - Mission -
Imo. Tia.
God Bless
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