Strategic Asset Leasing Inc (LEAS)

[jackg152004]

Workin,

Let's investigate what the consummation of the land deal's should do to MMTE's share price and market capitalization.

I will attempt to illustrate this through an analysis of MMTE's potential book value once the lithium land deals are signed, sealed and delivered.

Book value as defined by Investopedia is "the net asset value of a company, calculated by total assets minus intangible assets (patents, goodwill) and liabilities." Investopedia further states "by being compared to the company's market value, the book value can indicate whether a stock is under- or overpriced."

For round numbers sake let's assume MMTE has an O/S of 5 billion shares. That being said the book value calculations are below.

31k acres x $10K = $310M/5B shares = $0.062 per share book value

31k acres x $20k = $620M/5B shares = $0.124 per share book value

31k acres x $30K = $930M/5B shares = $0.186 per share book value

As you can see from the calculations above, from a book value point of view, shares of MMTE could be much more valuable than many of us have ever dreamed.

It is also important to note that stocks usually trade at a multiple of their book value known as Price to Book. The average Price to Book multiple on Yahoo Finance for the Industrial Metals and Minerals industry is 5.5 (http://biz.yahoo.com/ic/133.html) so MMTE's share price theoretically could trade at 5.5 times the book values stated above.

Wow, this is going to be a fun few months :)