Replies to post #17054 on The Golden Lounge

[SSP]

Question is, why not show this in the filings?

ATLAS MINING COMPANY 
                            Consolidated Balance Sheets 
  
  
  
  
                                      ASSETS 
                                                                             June 30,            December 31, 
                                                                               2003                  2002 
                                                                          ---------------       ---------------- 
                                                                           (Unaudited) 
 Current Assets 
                                                                                                    
   Cash                                                                       $   11,929             $    5,246 
   Investment Securities Available for Sale                                       13,051                 13,051 
   Accounts Receivable - Trade                                                    26,633                      - 
   Advances                                                                       11,696                 11,696 
   Advances - Related Party                                                        4,730                 18,849 
   Deposits and Prepaids                                                          25,835                 25,835 
                                                                          ---------------       ---------------- 
  
 Total Current Assets                                                             93,874                 74,677 
                                                                          ---------------       ---------------- 
  
 Property & Equipment, Net                                                       358,854                363,295 
                                                                          ---------------       ---------------- 
  
 Other Assets 
   Mining Supplies                                                                 9,000                  9,000 
                                                                          ---------------       ---------------- 
  
     Total Assets                                                             $  461,728             $  446,972 
                                                                          ===============       ================ 
  
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 PROPERTY EXPLORATION 
  
       We are currently considered an exploration company. Our efforts in 
 exploration are dependent upon the available funds we can raise to pursue our 
 exploration efforts. During the first half of 2003, we spent $48,824 in 
 exploration expenses. We have no assurances that our exploration will result in 
 proving any commercially viable deposits. We realize that additional steps will 
 need to be taken to move from an exploration stage to a development or 
 productions stage. 
  
      The majority of our exploration has been at the Dragon Mine in Juab County, 
 Utah. We have furnished samples of the halloysite clay extracted from this 
 property to potential buyers and distributors. The preliminary results of these 
 samples have been favorable, however we have not yet received any firm 
 commitments from potential buyers. Once economic viability of this property and 
 product is assured, we will move into the development and productions stage of 
 this property.