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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.00450+25.0%Jan 29 9:30 AM EST
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To: wonk who wrote (3587)6/25/1998 11:05:00 AM
From: eric deaver  Read Replies (1) of 11684
 
ww,

It occurs to me that your arguments on stock valuation (which, BTW WE HAVE HEARD AD NAUSEUM) are misplaced at the current stock price. If the stock was currently valued at $2.85 solely based on the claimed coal reserves I might say you have a point and thank you for pointing this out (might even consider the stock OVER VALUED and sell). That is NOT the case in case you haven't noticed. I have laid out my arguments several times on why I think this stock has a good chance of soon being FAIRLY valued at prices much higher than current prices. This is based on my current understanding of the property locations (i.e., at least on the county level), the plans of the company (as far as we know them now), the credentials (and discussions w/) management, my feelings for the kinds of coal, oil, natural gas AND coal-bed methane reserves that in all PROBABILITY are under these properties, the pending Stagg reserve studies (and probably other acquisition type PRs), in addition to your well thought out valuation for the claimed coal reserves (yes, I think we indicated you gave us something to think about - feel better now). But as has been pointed out to you this is not Microsoft. The payoff is a great deal more than 20% / year. I think we all understand the risk and are willing to take it at this point.

Eric
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