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[avinanyc]

QMNM

Coal Reserves

Quest estimates that, as of December 31, 2006, it has total recoverable reserves of approximately twelve million tons consisting of both proven and probable reserves. "Reserves" is that part of a mineral deposit, which could be economically and legally extracted or produced at the time of the reserve determination. "Recoverable" reserves mean coal that is economically recoverable using existing equipment and methods under federal and state laws currently in effect. Approximately nine million tons of Quest's reserves are classified as proven reserves. None of Quest's reserves are classified as probable reserves. The degree of assurance, although lower than that for proven (measured) reserves, is high enough to assume continuity between points of observation.

13 million Tons @ $300/Ton = $3.9 Billion Assets