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: Turboe who wrote (5231)	7/14/1998 1:25:00 PM
From: V$gas.Com	Read Replies (1) \| Respond to of 11684

Turbone, Glad you made it home in one piece. Bob

To: Turboe who wrote (5231)	7/14/1998 2:02:00 PM
From: cascara	Read Replies (1) \| Respond to of 11684

BTW, oil and gas is what they are looking for-- not coal. Could you please expand on this comment, Turboe. I know a lot about oil and gas, but the coal part of this has kept me out of it. Thx. cascara

To: Turboe who wrote (5231)	7/14/1998 9:22:00 PM
From: Little Engine	Read Replies (5) \| Respond to of 11684

<<<BTW, oil and gas is what they are looking for-- not coal. >>> Strange --- why has MTEI, then, based most of the company worth on their coal mining projections? Also, correct me if I am wrong, but they don't actually own any oil fields yet, do they? <<<<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.>>>> If they were really sitting on a $100 million coal profit... shouldn't they "look for it"? What did Jack say about the $11-15 per ton projected mining cost, which sounds ridiculously low when compared to other companies? Or wasn't this question asked?