MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00470

+95.8%

3:03 PM EDT

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To: wonk who wrote (1668)	6/17/1998 1:48:00 PM
From: LionHeart	Read Replies (2) of 11684

Mr. Wonk, I read all your post and have some questions for you. You state; "Divide the 25 million net income by the 65 million shares outstanding and what is the income per share? 38 cents!!! Hey, MTEI is trading above that, its overvalued!" This is based on the 2600 acres alone, correct? It is trading at .48, so let us say that it's overvalued by .10 Now what about the additional 8000 acres, or is this a "carefully worded" PR? Do you agree or disagree that that they acquired this land for mineral reserves, and if so what would be a fair estimate on the stock price? Would $1.05 - $1.30 be out of the question? Remember, this is based on coal alone. LionHeart

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