American Resources Corp (AREC)

[RandyKCMO]

THE MATH OF TODAY'S PRESS RELEASE:

The monthly revenue grew substantially through the end of 2018. By the end of August AREC had generated $19,839,633. My expectations are that by the end of 2018 their revenue would be between $45 and $50 Million for the year... or monthly revenue ramping up to roughly $5 Million plus for the last months of the year.

On January 3 a Sales Agreement was signed by the company on January 3... and if my numbers are correct they, taken with the growing revenue of the other mines, means we are expecting to generate around $200 Million in Revenue in 2019. (see post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145861604)

The Revenue from the Carnegie 1 mine, I believe will be in addition that already announced.


Phase 1 (March/April): 14,000 to 20,000 clean tons per month.

2 mo x 1.36 Million to $1.94 Million Total: $2.72 to 3.88 Million

Phase 2 (May/June): 18,000 to 22,000 clean tons per month.

2 mo x $1.75 Million to $2.13 Million Total: $3.5 to $4.26 Million

Phase 3 (June - Aug [through Dec] 32,000 to 42,000 clean tons per month.

7 mo x $3.1 Million to $4.07 Million Total: $21.7 to $28.5
Million

So... adding these totals to the Expected $194 Million already expected, we come to the following range of expected revenue for 2019:

Prior 2019 Estimate: $194,000,000
PLUS Range: $27,920,000 to $36,658,000
New 2019 Estimate: $221,920,000 to $230,658,000