To: eric deaver who wrote (5039 ) 7/11/1998 11:36:00 PM From: Graystone Respond to of 11684
Funny, yah or Jokes, yah MTEI is the joke, I will show you why. Here is Mr. White, pointing out some facts. #reply-5066879Looking at the most recent quarterly statements, for Q1 98, Arch produced coal mining revenues of $298,964,000, versus coal mining costs of $270,905,000. Equated into per-ton data, this is revenue of $25.12 per ton of coal (almost entirely Clean Air Act "Compliant" low sulfur), with costs of $22.76 per ton. This equates to a gross margin of $2.36 per ton, or 9.3 percent. Note, this EXCLUDES other costs, such as general and admin expenses, interest on debt, exploration expenses, and so on. This is basically just "cost of good sold" data. Here is the joke, look at Deavers comeback. #reply-5074409I just spoke w/ a mining engineer at Stagg to get a feel for cost of product sold. He indicated that for west virginia and using the mountian top removal mining technique, a cost of product sold along the line of $16-17/ton is reasonable. BTW, as I understand cost of product sold would include associated marketing and G&A in manufacturing accounting. Conclusion, Stagg is really a major coal mining outfit in disguise, deaver seems to think so. deaver, how about some facts. Did you see that Arch actually produced a Mountain of Coal, which is much more indicative of realities than a guess from one of Staggs boys. You should look at the Arch balance sheet, it is a real outfit. Your insistence that these figures are wrong is really stupid in the face of facts. You seem to think this MTEI Miracle Mining will let them get coal for less, those other people are idiots. Here is deaver grabbing at straws #reply-5079362Look like WV coal END USER prices are more like $30 - $33 / ton. Wouldn't this be the more appropriate number to use and doesn't it then make the $10 / ton margin doable? Here is Mr. White explaining again why MTEI is not a coal mining company. He has already told us about the out of work miners in West Virginia, he has also noted that there are many mining outfits not working who will be happy to do the mining, for some money, money that MTEI doesn't have. #reply-5079362 Funny, yah, real funny. I would bet that all those purchases are close to home for new management, heck, I would bet they even know some of the owners (60 pay outs so far). Everybody will get some money, where will it come from, you guess.