I am planning to apply to a PhD program in applied mathematics next year, and by that time my MSc thesis (which is in pure mathematics) should be finished.
In case my research results are not significant enough to be published in a journal, how will my thesis be evaluated for the sake of the admission process? Will someone from the committee actually read parts of it (note that a potential advisor will probably not be very familiar with my MSc field)? Will my research potential be judged solely based on my references' recommendation letters referring to my thesis/research? (In which case, is it even worth putting effort in how the thesis is written, assuming my grad school is happy enough with it to award me a degree?)