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

To: DavidCG who wrote (11245)	6/10/1998 12:12:00 PM
From: Turboe	Read Replies (1) \| Respond to of 11850

<<I thought Coal from the western states were much lower in sulfur than those states out in the east?<< You are 100% correct......

To: DavidCG who wrote (11245)	6/10/1998 12:15:00 PM
From: ColleenB	Read Replies (2) \| Respond to of 11850

Western states are increasing their use/production of coal...but economically the eastern portion of the US is still a better bet because of transportation....not far to ship the stuff to port...I'm not very knowledgeable about coal but I always thought the eastern portion of the US was the best....maybe with current extraction techniques that might have changed but there's still the additional cost of transportation. And historically, coal has been one of the mainstays of the area in question.

To: DavidCG who wrote (11245)	6/10/1998 1:10:00 PM
From: Tod C	Read Replies (3) \| Respond to of 11850

Don't know about east versus west coal. However, I do have an idea of what type of coal ME has. 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, (representing maximum cost to mine and minimum selling price), providing net asset value in excess of $100,000,000, with a potential of $170,000,000. Folks, go back to the press releases. Lots of info there that some people (i.e. doom and gloomers) either forgot or refuse to believe. Assets are assets and can be sold or acquired. Tod