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Re: None

Friday, 06/15/2007 8:37:23 AM

Friday, June 15, 2007 8:37:23 AM

Post# of 167473
Even if the Subury purchase is faulted in some way and the buyout falls through check out potential revenues from the LOI coal deals.

Hidalgo Mining (HMIT) Jump Starts Its Coal Sales Campaign as First Agreement is Received. Intertrade Investment Group Submits LOI to Purchase 40,000 Monthly Tons of Coal, Generating Over $26.4M In Immediate Sales Revenues.
Business Wire (Tue, May 29)

Hidalgo Mining (HMIT) Negotiates Coal Contract with the Federal Electric Commission. Proposed Contract to Generate 20-30K Tons in Coal Purchases Equaling $11-16.5M In Additional Monthly Revenues.
Business Wire (Fri, Jun 1)

Hidalgo Mining (HMIT) Obtains Second Large-Scale Coal Purchase Commitment as New LOI is Received. J.A.B. Minerales International Submits LOI to Purchase Over $33M of Coal Production.
Business Wire (Wed, Jun 6)

That's potentially $70m + revenues per annum, and even with 226m O/S, earnings at 30% and a PE of '1' the pps could be sustained substantially above where it is now. You do the maths!!!!!