Applied Minerals Inc (AMNL)

[Jagman]

beigledog, Going Concern, it's there, but doesn't read too badly, IMO, just the normal "uncertainty".

NOTE 2 -GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company is dependent upon raising capital to continue operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. It is management's plan to reduce the Company's debt through a negotiated settlement with its major creditor (see Note 6) and the initiation of the operations at the Dragon Mine. The Company has been able to sell shares of its restricted stock to help support its financing activities. Management believes settlement of it debts, the mining operations, and the sale of stock will provide sufficient cash flows to continue as a going concern.