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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mark Duper who wrote (1410)	6/16/1998 11:05:00 AM
From: jhild	Read Replies (5) \| Respond to of 11684

OK Mark, look at it again: Mountain Energy owns and controls the mineral rights in West Virginia that contain approximately 1.98 billion cubic feet of gas and 10,000,000 tons of coal, as well as other properties that all combined, have an estimated fair market value in excess of $200,000,000 with approximately 70,000,000 shares outstanding after the acquisition. This translates to approximately $2.85 per share. They have taken the estimates of possible reserves the 10M tons and the 2B cubic feet and they have turned that into a $200M value. What they haven't said is how much it will cost to get that value out of the ground and to market. If that estimate gets paired down to 0 by extraction and transportation costs, then that's its net value to shareholders - $0.00/share. All they have said in that paragraph is - nothing that they can ever be held accountable for.

To: Mark Duper who wrote (1410)	6/16/1998 11:45:00 AM
From: Tod C	Read Replies (1) \| Respond to of 11684

Absolutely right Mark. I guess some people don't know because they refuse to call the company. I believe Jack and Co. long before I believe the dribble posted by some people. Message 4878574 Profit numbers of bringing the resources to market have been discussed already on this thread. Can't believe some people can miss them so easily. I will try to locate them later. In conversations with Jack, MTEI's profit estimates of bringing the coal to market is around $15 per cubic ton. And the gas has incredible profit built in because of the alternative fuel tax credits. The gas is even easier to extract so they will go after it first. Also, for the mentally impaired, DUH! 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. The U.S.G.S. estimates also indicate in excess of 2 billion cubic feet of coal methane gas. This gas currently sells in excess of $3.00/MCF 1000 cubic feet. In most cases this gas is subject to an alternate fuel tax credit in excess of $3 MCF, for an estimated value of $5/MCF valued at $10,000,000. Tod