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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: RocketMan who wrote (3965)	5/28/1998 10:14:00 AM
From: dwlima	Read Replies (1) \| Respond to of 11850

<<So when you say 100M is what the un-excavated coal is worth, I assume you mean that is the net of what is projected to be in the groung, after it is pulled out and sold,counting all the costs. Am I right?>> Yep. $100M is what you would have to pay to buy that asset..the asset being un-excavated coal. If you paid $100M, you would be the proud owner of a shitload of coals which has a market value of X (the price of the mined coal times the quantity) and a cost of Y (the cost of mining, sales and distribution). It is X - Y that equals at least $100M. My point is that $100M was not the quantity of coal they have times the market price of finished product. it was an honest number, as is management. it is the quantity times the market price of un-excavated coal (or the $25 - $15) for those who don't know...rocketman is the one who fuels our ships for propulsion in to outer space. btw, although he is modest- i would still be a poor management consultant in Lima, Peru if it were not for him dwlima