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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.004300.0%Jan 8 9:30 AM EST
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To: DavidCG who wrote (2327)6/20/1998 9:48:00 PM
From: DavidCG  Read Replies (1) of 11684
 
Ok, I asked this simple question earlier and no one answered.
Except a person named JEFF that believes that me asking what MTEI is worth is bashing.

So here is my question again:

There are 70 million shares outstanding at this moment and supposedly
up to $200 million in potential revenues which is where the $2.85
comes from.

Now the question I have for shareholders is that I see

$100 million in coal is estimated by the USGS

and $10 million in gas

Where does the extra 90 million come from in making this a nice round figure of $200 million in potential assets

100 + 10 mil = 110 million

not $200 million

Also, what accounts for the discrepency between 110 million and
170 million estimated by the company in coal?

60 million dollars seems to be a lot of money to be fudging around with.

Can I assume that if I put a conservative figure of 100 million in coal and 10 million in gas, this possibly might, possibly, be a
$110 mil company /70 million shares = $1.57 per share?

I'm not sure why asking if MTEI is worth a base of $1.57 is bashing...

For it is higher range that it is currently trading... I would figure everyone would be happy with $1.57 per share in the near term.

Thank you!

-DavidCG
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