Applied Minerals Inc (AMNL)

[Jagman]

Doubloon, maybe they can't make money in the pottery biz, otherwise why not have a "pottery grade" and a "nano grade"? The chemical companies do it all the time, "food grade" may be the same product as "industrial grade", but must be packaged in clean rooms and/or shipped in dedicated tankers.
If they could make money in the pottery biz, it would pay for more mining of the clay, and the "best" clay for the nano biz could either be left in place or stockpiled. If nano applications take off, they could concentrate on that biz only and drop the pottery biz.

My feeling is that any clay nano biz could be years away, if at all. They have not announced any progress for the clay prep and, IMO, cannot guarantee any consistancy of product to customers long term, because it is unmined and has natural occurring inconsistancies. Also do a Google on antifouling paints, there are many companies with proven products that have been tested for years and meet EPA requirements. The Navy patent is nice, but any products IN QUANTITY may be years away if at all.

JMO, but this is way too speculative long term, and better nano plays out there.