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Microcap & Penny Stocks : ICVI (now MTEI)
MTEI 0.002400.0%Dec 16 2:53 PM EST
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To: Marc Stager who wrote (4405)5/29/1998 8:29:00 AM
From: V$gas.Com  Read Replies (1) of 11850
 
Mark,

To answer your question: The minerals and valuation thereof are being audited, as we speak, by an independent engineering firm. The results will be out in late June. The U.S.G.S. has verified the minerals are there, but do not place valuation on them. And, remember the U.S.G.S. historically estimates these deposits very conservatively. Usually 25% to 40% of what's actually in place.

Regards,

Bob
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