MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00240

0.0%

Nov 7 9:30 AM EST

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To: Little Engine who wrote (1340)	6/15/1998 9:48:00 PM
From: eric deaver	Read Replies (3) of 11684

As you know initial numbers were put together by a USGS reserve engineer. Whether the reserves were under estimated by 15% or 40% is inconsequential since the stock was valued based on the USGS estimated reserves (which according to your source is no more than 25% off - hey, thanks for that validation of the reserves). The Stagg study (when complete) will put this to bed. Nothing more needs to be added IMO. Eric

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