I see from the profile that the basis of this company is a claim covering 230 acres.
230 acres? We have a family farm in KY that is that size.
That seems like a very small real estate to support the current market cap of $40 + million. Does anyone know how much of the 230 acres is clay? Reserve estimates? Life of mine? Price per pound? Is there clay outside the 230 acre claim? Who has those claims?
One more non-scientific point of view, if only a few acres produced so much of this clay, wouldn't surrounding areas have a reasonable possibility of clay? That is why I hang on, the hope that they prove it is all over the 230 acres. It's a hope, but not something i expect to see for years. Right now, sales to boost this stock up so they can finance further research on the 230 acres. Imagine pure untouched halloysite possibilities. I believe this is what has the larger investors focus.
Also, Kathy gets my share votes for VP of Sales...
Go to Google Earth: 37 25'19"N, 122 05' 06"W for a good overview of the mine. Zoom in to see the buildings but I think the image is from 2006 or 7 maybe and things have changed since then. Current management estimates 565,000 tons (415,000 tons measured + 150,000 tons inferred). I'm not current on prices but the price per pound or ton depends on the end use and what you are actually selling. These are ballpark figures, but if you sell it just as a "dumb" clay filler, maybe $23-$25 a ton. If just clay for ceramic toilets and teacups, if it's really cleaned up, maybe $200-$250 a ton. IF you actually have halloysite nanotubes that can be used in nanotech applications, I think about $2,000 a ton although Applied's CEO Zeitoun claims it's worth $5,000 or more. So you can see, what makes it valuable is its use in nanotech applications.
Of course the clay deposit does not stop at the property line. The Dragon has been mined since the 1800s - not so for neighboring claims which are privately held. There are deposits all over the world but they vary considerably in the shape of the clay and the presence of other minerals. Halloysite at the Dragon, though, does exhibit the tubular morphology that is necessary for the nanotech applications - but you really have to know what you are doing. If you can't make it work, it ain't worth a dime.
I will do more looking. Any company / situation that offers a unique solution to (especially) future high tech problems is a situation where real money can be made! Witness the rare earths minerals, and the companies with deposits, that "toiled in obscurity" for years before exploding upward lately.
If the Halloysite deposit spills over the 230 acres, then perhaps the privately held deposits will be licensed to Applied for a fee or a %age of the profits/revenues. Good to hear that there possibly more, but that the deposit itself is rare. Rarity is very important!
I looked at this several years ago, and remember that the company had some real legal problems. I guess that some or all of these have been solved! I will have to do more due dilly. I also remember that most of the Halloysite deposits were in Australia, and that many of these were not of Dragon Mine quality.