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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.002400.0%Nov 3 10:00 AM EST
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To: Lee Walsh who wrote (1422)6/16/1998 12:07:00 PM
From: Moonglow  Read Replies (1) of 11684
 
Lee,

Thank you! I was beginning to think that maybe I had imagined the fact that the estimated cost of recovering the coal was already put out there.

Now see if I have this right......

Coal is selling now for $25 -$28 per ton.

Cost of mining (isn't mining extracting it and getting it out of the ground?) Anyway....cost of mining and transportation....$11-15 per ton.

Let's see now..........$25 - $28 minus $11 - $15 equals...oh, let me see.....math is too hard here....but might it possibly equal about $10 per ton? No...wait a minute...it equals $13 - $14 per ton.

Why are they only saying $10? Oh...I see...they said NET profit. Hmmm....they must be estimating a few million in other expenses as well. Hmmmmm

As anyone knows,....at least I hope they know.....all projected earnings are just that. Projected. Even IBM can't do anything but PROJECT it's earnings....based on data available at the time.

But I'd say since you confirmed those figures with the WEST VIRGINIA COAL ASSOCIATION....that unless the WVCA is a paid promoter of this stock, that probably those are some good percentages to rely on.

Juanita

P.S. Anybody out here think that the WVCA is a paid promoter of this stock? Please let me know now so I can sell all my shares. Don't want to get sucked into any promotional hype!
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