MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00250

+4.2%

Oct 31 9:30 AM EDT

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To: Tod C who wrote (1698)	6/17/1998 11:31:00 AM
From: sandstuff	Read Replies (1) of 11684

Great post, Tod! Also, I would like to add based from the May 28th press release... MTEI expects 40% conservative net profit NOT 10% as some would have you believe. This because as a start-up with over 200+ years of experience, they know how to "pick and choose" the real gems out there and get the best ROI. From the press release... "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. Reserve estimates by the U.S. Geological Survey (''U.S.G.S.'') 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"...

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