Absolutely right Mark.
I guess some people don't know because they refuse to call the company. I believe Jack and Co. long before I believe the dribble posted by some people.
Message 4878574
Profit numbers of bringing the resources to market have been discussed already on this thread. Can't believe some people can miss them so easily. I will try to locate them later.
In conversations with Jack, MTEI's profit estimates of bringing the coal to market is around $15 per cubic ton. And the gas has incredible profit built in because of the alternative fuel tax credits. The gas is even easier to extract so they will go after it first.
Also, for the mentally impaired, DUH!
indicate in excess 10,000,000 tons bituminous coal.
This low sulfur, low ash content, high BTU, clean burning currently sells for $25-$28 per ton. With cost of mining and transportation
estimated at $11-$15 per ton, this will show a $10 per ton conservative net profit, (representing maximum cost to mine and minimum selling price), providing net asset value in excess of $100,000,000, with a potential of $170,000,000. The U.S.G.S. estimates also indicate in excess of 2 billion cubic feet of coal methane gas. This gas currently sells in excess of $3.00/MCF 1000 cubic feet. In most cases this gas is subject to an alternate fuel tax credit in excess of $3 MCF, for an estimated value of $5/MCF valued at $10,000,000.
Tod |
