FMNJ News .01
Franklin Mining Evaluates Gold Market in Anticipation of La Joya Joint-Venture's Production Revenues, First-Quarter 2013
2012-12-13 09:07 ET - News Release
LAS VEGAS, Dec. 13, 2012 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets:FMNJ.pk - News) – is pleased to announce that the Company has entered into the finalization of the Company's highly anticipated first quarter production revenues. "We are in the right market at the right time," stated Mr. William Petty, Chief Executive officer of Franklin Mining, Inc. He continued: "The gold industry is extremely lucrative in this day in age, and appears to have a solid future, according to leading economists; yielding Franklin and our investors a truly exciting and advantageous opportunity." The Surge in demand in the Gold market is evidently exploding on a worldwide basis as investors' increasingly take flight to the safe haven of Gold and other precious metal investments, as they endeavor to protect their reserves through safer means than the faltering system of fiat based investments. Over the past decade gold has experienced an unprecedented incline in value. Contending fiercely with the top movers of the past decade, gold has risen in value from within the range of $250 per ounce in early 2000 to in the range of $1700 as of the last quarter of this year, soaring upward near the range of a 700% increase. Mr. William Petty has confirmed that a Pilot Processing plant has been built and will be in full operation by January, 2013. The Plant in Operation will be processing 80 tons a day, yielding 480 grams of Gold anticipated 90% recovery rate at an average of 6 grams per ton. The Company anticipates that the earnings will be reflected in the first quarter.
