Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Cliff Daniel who wrote (4527)	7/6/1998 11:06:00 AM
From: EubieV	Respond to of 11684

MTEI-Brief Summary Brief Summary Mountain Energy Inc. is in the business of acquiring primary producing reserves along with the development and production of passed over developed domestic oil and gas reserves utilizing modern technology to find and enhance production. Mountain currently owns 30 separate properties in West Virginia with approximately 1,300 acres owned in fee and an additional 1,300 acres of mineral rights. 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. 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. This translates to approximately $2.85 per share. History indicates that U.S.G.S. estimates usually represent 25 percent to 40 percent of actual minerals in place. Mountain Energy has received acceptance on its purchase offer to acquire an additional 8,000 acres of mineral reserves in Lincoln and Raleigh counties in West Virginia. (Use the numbers from the preceding paragraph to extrapolate the value of 8000 West Virginia acres.)

To: Cliff Daniel who wrote (4527)	7/6/1998 11:07:00 AM
From: Devil's Advocate	Read Replies (1) \| Respond to of 11684

In fact, the book value of MTEI will be confirmed by a well respected independent engineering firm. This is a very important news, IMO.

To: Cliff Daniel who wrote (4527)	7/6/1998 11:08:00 AM
From: Major Tom	Read Replies (1) \| Respond to of 11684

It appears that there must be some strong hands holding this stock, I don't think there have been many sells today. Were's Rico we need his buy sell ratio. Major Tom

To: Cliff Daniel who wrote (4527)	7/6/1998 11:09:00 AM
From: eric deaver	Read Replies (1) \| Respond to of 11684

Cliff & all - Hey went away all weekend and only had to catch up on 50 messages. Looks great. Cliff, Be careful with phrases like: "guaranteed that MTEI book value will increase in the next 2 weeks" I don't think anyone wants to see this one run up on false expectations only to fall w/ news that does not meet these expectations. The FACT is that no one knows for sure what these reports are going to hold or when they will be released. I have a very good feeling and all the available data suggests these will be very positive reports and will help shareholder value a great deal but nothing is guaranteed. That's why its a penny stock. But, IMO, one of the best bets out there. Hoping for a great week - looks like a great start. Eric