ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00240

0.0%

Nov 7 9:30 AM EST

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To: Richard Pleski who wrote (9671)	6/8/1998 3:16:00 PM
From: Thomas Patrick	Read Replies (2) of 11850

------ALL PLEASE READ AND COMMENT------ Thank you "Richard Pleski". Your bashing brought ICVI to true life. All quick and rough estimated comparison of RTP to ICVI. Mountain currently owns 30 separate properties in West Virginia with approximately 1,300 acres owned in fee and an additional 1,300 acres of mineral rights. Bonus: Add another 8,000+ acre for todays PR. ----------------------------------------- RTP: Current price: $51 Current lease reserves are 216 million tons of recoverable coal. --------------------- ICVI: Current price: .86 " Reserve estimates by the U.S. Geological Survey (''U.S.G.S.'') indicate in excess 10,000,000 tons bituminous coal." Remember; History indicates that U.S.G.S. estimates usually represent 25 percent to 40 percent of actual minerals in place. Summary: 216 million is 21 times greater then 10 million. If RTP current assets on coal alone represent a $51 share price then for fair market value ICVI would come in roughly $2.40 on par with market value; 2.40 x 1.5 = $3.60 Remember this is based on ME's coal alone. This is based on last weeks PR and not the additional 8,000 acres and hopefully more to come.

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