MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00240

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Nov 7 9:30 AM EST

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To: Mark Duper who wrote (1410)	6/16/1998 11:05:00 AM
From: jhild	Read Replies (5) of 11684

OK Mark, look at it again: 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 with approximately 70,000,000 shares outstanding after the acquisition. This translates to approximately $2.85 per share. They have taken the estimates of possible reserves the 10M tons and the 2B cubic feet and they have turned that into a $200M value. What they haven't said is how much it will cost to get that value out of the ground and to market. If that estimate gets paired down to 0 by extraction and transportation costs, then that's its net value to shareholders - $0.00/share. All they have said in that paragraph is - nothing that they can ever be held accountable for.

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