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Microcap & Penny Stocks : ICVI (now MTEI)
MTEI 0.002400.0%Nov 3 10:00 AM EST

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To: V$gas.Com who wrote (9973)6/8/1998 11:41:00 PM
From: jhild  Read Replies (1) of 11850
 
Oh, is that what that release said?

May I quote for a moment here:

Mountain Energy owns and controls the mineral rights in West Virginia that contain approximately 1.98 billion cubic feet of gas and 10,000,000 tons of coal, as well as other properties that all combined, have an estimated fair market value in excess of $200,000,000

It doesn't seem to mention that these are booked reserves as you call them, it seems to say that these minerals have a fair market value in excess of $200M. That's not quite the same thing now is it? Or do you think that it will not cost any money to extract those minerals from the ground and get those piggies to market. That what they are talking about there unequivocally means net of expenses?
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