Applied Minerals Inc (fka AMNLQ)

[rseven]

What is the Dragon Mine actually worth? The most important piece of information that most of us are waiting on is the results from the independent drilling survey. If it proves the old estimates(300,000 tons) were right (plus or minus 10%) I would feel a little more confortable adding to my position. I remember someone posting on this or another thread that Natural Nano had purchased 15 tons of halloysite from a New Zealand mine for about $20,000. So excluding shipping costs etc..lets just call it $1,000 per ton. And if the old estimates are correct...300,000 tons x $1,000= 300 million dollars.

Now if Mr. Taft was privy to some early results from the survey he also might be comfortable adding to his position. And if he were to find a buyer for $100 million for the mine he could easily buy controling interest in Almi for less than 18 million and then buy it outright by making a tender offer of $1.00 for the remaining 30 million shares. Results might look like this: $100 million - $60 million = $40 million plus a contract mining company. So do I think the mine could be sold....yes. But thats a lot of ifs...

rseven