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

To: macker who wrote (3589)	6/25/1998 1:06:00 AM
From: Blitz	Respond to of 11684

Macker Please help me here, as I am confused. 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. 1. MTEI owns land, and is in the process of acquiring more land. These pieces of land contain Oil, gas, and coal. But let's just stick to the coal area of discussion for now. 2. MTEI owns at least 10,000,000 tons of coal, probably about 30-40% more, but let's just say 10M. 3. Coal from the Eastern US is regarded as some of the best quality coal in the world, and can sell for as much as $75 per ton, this was confirmed by Stagg Engineering in the course of my telephone conversation with them. 4. Costs to remove this coal, are estimated at around $11 per ton. Now let's do the math, right here and now. Please correct me if I am in error... 10,000,000 tons of hi-grade coal @ F.A.S. $25 p.t. = $ 250,000,000 Less costs for removal - $ 110,000,000 Total net profit for 10M tons = $ 140,000,000 $140,000,000 / 70M shares = estimated BV of $2 per share. This is only counting 10M tons of coal, which there may be more: * The not-yet-valued gas and oil reserves. * Possible acquisitions/mergers * Possible acq/mergers with already producing companies * Future land acquisitions *** Future prospects for electricity ventures Ok Macker, now tell me if I have stated ANYTHING wrong, in my numbers or information. Thank you