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

To: Little Engine who wrote (5966)	7/24/1998 10:34:00 PM
From: eric deaver	Read Replies (1) \| Respond to of 11684

LE, 1. It doesn't matter how much coal is mineable for my valuation. I did not count the coal. All the coal (mineable or not) generates recoverable coal bed methane at the rate of 400 scf / ton. Also note there is no valuation for oil either in my analysis. 2. Already discounted for cost of money at around 10% industry standard. Time to recovery of the gas is not an issue in this valuation. 3. Am using todays natural gas prices and todays market pricing for PETD. Already worked price of gas into valuation. Its called an investment that is why they sold the land for stock. Eric