Eric Gemelli Investor Observations - Bolivia 2022
My name is Eric Gemelli, and I am a major shareholder of Franklin Mining, Inc. I have just returned from my first visit to Bolivia, what follows is my experiences and observations...
About Franklin Mining
Franklin Mining, Inc. (FMNJ) is a publicly-traded, international mining and exploration company headquartered in Las Vegas, Nevada with offices in Santa Cruz, Bolivia. The company's principal U.S mining property was the Franklin Mines located near Idaho Springs in Clear Creek County, Colorado. Started as a Colorado exploration and mining company in 1864, Franklin Mining and Mill Co. worked multiple mines located approximately 1.5 miles north of Idaho Springs, Colorado.
The company quickly grew to become a number of underground mining operations and its own flotation mill producing concentrates of gold, silver, lead, and zinc. Mine operations began in 1865 and continued until the United State government curtailed gold mining during World War I. Mine operations, allowed to resume during the Great Depression, were again curtailed following the outbreak of World War II. There has been limited mining activity at the Franklin Mines since.
Franklin Consolidated Mining Co, Inc. had been formed under the laws of the State of Delaware in 1976 for the purpose of acquiring and developing mineral properties. The original Franklin Mines then acquired in 1989 and mining and milling operation began that same year.
Franklin Mining mining receives income over the life of mine forming a supervisory role only
Franklin mining purchases/acquires/leases partners in a specific project. Preferably a producing mine, a mine close to production or mine with advanced feasibility studies. Projects in the early stages of development should not be considered.
FM analyzes and technically approves the viability of the project based on the technical and financial merits of the property from the reserves, tenor, grade, volume, and operational difficulties standpoint. This approval must be done by experienced in season technicians and professional geologist not by businessman.
Once the feasibility to develop the project is approved then the search and evaluation of prospective operators begin. These operators must have a proven track record, experience operating in the region, experienced in the type of operation to be implemented, proper equipment and personnel. The rigorous selection of operators must be approved by the board and not by a sole individual.
Schedules of financing royalties and operational activities must be carefully prepared and negotiated
Sign up and stay up to date on Franklin Mining
Contact Franklin Mining
© 2019 Franklin Mining, Inc.
Franklin Mining and FMNJ are registered trademarks of Franklin Mining, Inc.
All Rights Reserved