ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00240

0.0%

Dec 16 2:53 PM EST

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To: Jgilbert who wrote (9048)	6/7/1998 1:09:00 PM
From: V$gas.Com	Read Replies (1) of 11850

The U.S.G.S. does not appraise property by its value. Industry appraises by valuation. As stated in an earlier post, the U.S.G.S. simply assesses how much and what type of mineral is in a certain area. ie. How much coal, how much oil, gas and all other minerals. The U.S.G.S. has historically underestimated minerals in place by as much as 75%. Be advised that MTEI is currently having an independent third party survey done of the properties it owns and will be available when complete. Sometime in late June or early July. Regards, Bob

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