Gambit Energy, Inc. (GMEI)

[RonnieD]

220m shs/5 = 44m shs
current ask .37/sh x 5 = 1.85 x 44m = mkt cap $81,400,000
148.3m tons of proven sub-bituminous coal reserves = Mine Price $90/ton x 148.3m = $13,320,000,000 proven reserves as Blue Arch.

The Share Exchange Agreement will contain, among other conditions, a requirement that prior to closing Blue Arch shall have obtained equity financing in the minimum amount of $3million
After closing of the transaction it is anticipated that there will be a 1:5 reverse split of the Silver Butte Common stock and that Silver Butte shall amend its Articles of Incorporation changing the name of the Corporation to Blue Arch Energy, Inc.

i see $$$$

http://paguntaka.org/2008/05/01/coal-price-in-world-market-and-trade-higher/