For Newbies.........
I like this post.........From Thomas P
-----ALL PLEASE READ----------ALL PLEASE READ------
A quick and rough estimated comparison of RTP (Mr. Pleski's stock) 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.
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RTP: Current price: $51
Current lease reserves are 216 million tons of recoverable coal.
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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.
With more GOOD news and the name change (remember Mountain Energy is trading
under ICVI, name change will do it wonders)
Would you buy a Porche with a Pinto shell? I don't think so.
(sorry about that for you Pinto owners)
This stock should be trading at $3-4 soon.
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READ the PR's, READ, READ, READ, READ, READ, READ, READ, READ.....
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