ICVI/ MOUNTAIN ENERGY (MTEI) Message Board

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Microcap & Penny Stocks : ICVI/ MOUNTAIN ENERGY (MTEI)

MTEI 0.00250

+4.2%

Oct 31 9:30 AM EST

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To: Jgilbert who wrote (29)	5/28/1998 6:16:00 PM
From: Tod C	Read Replies (1) of 38

My point is that the press release was rehashed and scrutinized on the other thread to the point where $2.85 was established to be a very conservative estimate when you take into account the land value, other minerals/reserves, USGS typical underestimate of real reserves, .... Now, I'm not a O&G man, but you should read some of the analysis done by people in the O&G industry. Their conclusion is that ME is very undervalued and are big buyers at these levels. Besides, ME's reasons why they merged rather than private funded were given several times as well by people who have spoken with Jack Uselton, including myself. There really is a lot of knowledge on the other thread and that's where I am going right now. Have a good night. Tod

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