Applied Minerals Inc (AMNL)

[mick]

i was surfing today. i ran across these figures. it is very interesting for the comapny ,,,ALMI

this is the information about ALMI and chester mining.

Chester Mining filed for a Planned Sale of 100,000 shares of ALMI with the SEC on 01/17/2005. They estimated the potential proceeds at $420,000. That equates to a price per share of $4.20 !!!
Chester Mining Company is the current owner of the Dragon Mine in Utah. They purchased the property after Atlas had control of the halloysite mine under a lease/option to buy agreement. They receive 100,000 shares of Atlas Mining Company each year under the terms of the lease. Atlas has the option to purchase the property for $500,000 after clay sales from the property exceed $1,000,000 in a year.
This is on the web page of Chester Mining Company:
http://www.chestermining.com/20031118.htm
Note that they believe that the value of the clay could become as high as $1,000 a ton.
They also state that the known reserve had been estimated at over 300,000 tons.

ALMI closed about $1.00 friday. 2/18/05