MTEI - Mountain Energy - No BASHING Allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

MTEI 0.00240

-29.4%

Nov 3 10:00 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sandstuff who wrote (4827)	7/8/1998 11:04:00 PM
From: Little Engine	Read Replies (2) of 11684

Well, it would be nice to finally get some facts on the company. Some things I would like to know: How much was paid for the land already acquired? I recall reading on the thread that it was paid for with 50 million shares of restricted stock, but I am skeptical. If someone else would pay me cash, why would I take stock in a non-operational (at the time, anyway) company? Did nobody else want the land? How would they swing the next land purchase? More millions of shares? Is Stagg going to just give the gross figures on the coal/natural gas reserves, or are they going to include an estimate of what percentage of it can be profitably extracted? What sort of per year amounts of coal, natural gas, etc. do they expect to produce in the next five years? When would the mining begin? How many years to be profitable? What sort of net profit margin do they expect, and if that profit margin is much higher than industry standards, how do they justify it? I can't find anyone who mines coal for $11/ton, as MTEI claimed in press releases... how do they intend to do it? Interesting article on how much coal there is in the Matewan area of Kentucky (bordering West Virgina) that just isn't worth gettting to: energy.er.usgs.gov A broader perspective is taken here: energy.cr.usgs.gov In which the government study states: "ÿThe U.S. Bureau of Mines coal recoverability studies of the Appalachian region have shown that less than 10 percent of the original resource can be mined and marketed at a profit (Rohrbacher and others, 1994)."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next