John Embry
Franconia Minerals Corp.
FRA-T(dead)
TOP PICK
Sep 19, 2006
Has flown under the radar screen. Has 200 million tonnes of poly-metallic ore in Minnesota. 5 million contained ounces precious metals, 3 million pounds of copper and 1 million pounds of nickel.
Huge poly metallic potential ore body in Minnesota. Very low grade, but has an asset value of about 5 or 6 times what the stock is trading for. Also drilling a big copper play in Arizona. Very cheap.
Has a project in Minnesota where you typically find large low grade, poly-metallic minerals. Which means a mixture of copper, nickel, platinum, palladium, gold etc. This increases the recovery costs. Buy when metal prices are down, (which gives more potential for up side).