To: hilligas who wrote (47 ) 3/22/2007 4:30:49 AM From: NYBob1 Respond to 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