Applied Minerals Inc (fka AMNLQ)

[privateinv]

I had a good talk with Dr. Price about contracts and pricing. I think more shareholders should speak to him. Even though I am feeling a ton of pain at current price levels, he did give me confidence that longer term the potential for the dragon mine is huge. He hinted that minimal price/ton should be around $1200 and he is foucused on projects where the price/ton is in the $3000 range. So while we are feeling pain now, I do continue to feel more comfortable about 2007 and 2008.