ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: Jim B who wrote (4222)	5/28/1998 4:28:00 PM
From: eric deaver	Read Replies (2) of 11850

Can some one critique the following estimations: If I read the press release properly, the coal and methane represent $110MM in earnings (over how many years I do not know). Based on a projected 70MM shares (I know...but its a round number) that $1.57 / share earnings. Even at a PE of 10 that a $15.00 stock on just the coal and methane. This is with no valuations of the natural gas or oil holdings. OK, lets 1/2 that (underestimated removal and shipping costs and overestimated coal price) that's still a $7-8 dollar stock just on earnings from the coal and methane reserves. For .70 - easy EASY 10 bagger - no hype JUST CONSERVATIVE VALUATION. Any comments?? Eric

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