posted
Looks like some profit taking now. I beleive we will see another run this afternoon, and maybe continuing into tomorrow morning, IMO.
Posts: 201 | From: GA | Registered: Dec 2006
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posted
I don't think everyone has realized how good this news was today. $400-600 million in revenues from this coal, thats huge!
Posts: 201 | From: GA | Registered: Dec 2006
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-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion! Posts: 992 | From: H-town | Registered: Nov 2006
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posted
welcome aboard, real thin L2's on this one little more buying pressure and we're off to the races
Posts: 4071 | Registered: Dec 2005
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-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion! Posts: 992 | From: H-town | Registered: Nov 2006
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posted
.O124/.0125 now, I think this will make another move up this afternoon. I'm putting in my order for more here.
Posts: 201 | From: GA | Registered: Dec 2006
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-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion! Posts: 992 | From: H-town | Registered: Nov 2006
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-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion! Posts: 992 | From: H-town | Registered: Nov 2006
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-------------------- If your not on the edge of ur seat, sell it! Everything posted is my opinion! Posts: 992 | From: H-town | Registered: Nov 2006
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posted
"Gwenco currently leases over 600 acres of coal mines that have approximately 12,999,000 tons of coal; 9,000,000 of which are proven reserves.
Eugene Chiaramonte, Jr., President of Quest, stated, "While coal prices have recently declined, the coal at the Pond Creek mine has inherently lower sulfur, making it a more valuable commodity due to its blending capabilities.""
posted
Still a lot of good things to come from this company. Mining is expected to start in mid March, only 6 weeks from now.
9,000,000 tons of coal that are proven resources, and possiblly up to 4 million more tons of coal!
A ton of low sulfur coal sells for approximately $45 per ton. If you do the math, thats $400M in proven revenues from this coal and potentially $180M more in revenues!!!
----------------------------------- All IMO.
Posts: 201 | From: GA | Registered: Dec 2006
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posted
Anyone know the O/S numbers? I'm thinking only 138M or so.
I'm trying to be very conservative with these numbers because they are just my best guess:
Revenues from coal mine: $400 million
Profit margin on coal mining (I have no idea) lets just guess 10% Estimated Profit = $40 million
$40M/138M o/s = .289 --- almost 30 cents per share and we're only at 1 penny right now.
I'm not pretending to be an expert on coal mining or at figuring share price. If these numbers seem wrong to someone let me know. This is all my estimation and IMO.
Posts: 201 | From: GA | Registered: Dec 2006
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posted
mm's doing whatever they want right now because of lack of volume. .01/.011 - this can really fly if there is some buying pressure
Posts: 4071 | Registered: Dec 2005
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Quest Minerals & Mining Retains General Mining to Rehabilitate Pond Creek Mine Friday February 16, 6:30 pm ET
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMMG - News; Frankfurt: QMN.F - News), a Kentucky based operator of energy and mineral related properties, today announced that it has retained General Mining, LLC, of Wallins, Kentucky, to rehabilitate the company's Pond Creek Mine at Slater's Branch, Kentucky. Quest has also granted to General Mining a right of first refusal to act as the company's contract miner once the rehabilitation is completed.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very excited to have retained General Mining to rehabilitate the Pond Creek Mine. General Mining has over 30 years of experience in the coal mining industry and has an excellent reputation for providing quality work. We are looking forward to having General Mining as part of our team and we look forward to a prosperous relationship."
In addition to rehabilitating the mine, General Mining will proceed to obtain all necessary licenses from the requisite Federal and State authorities to allow it to complete the rehabilitation and commence mining operations.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
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