Kentucky Energy (fka QMIN)

[HROLLER]

Based off of my math, yes...If you break the numbers down, you will see..Also, why would the market calculate in the reserves when the BK court can pull that away from them if they fault from a payment? In my opinion, I DON'T think they will fault on any future payment based on the steps they have taken to get to FULL production..Once they get out of BK, the reserves will start to count towards their valuation..And when that happens, look for a much higher pricing...I calculate my numbers based on all shares being fully dilluted to be safe..I do always underestimate..Find a par value first, then if you want calculate in that coal companies trade 3-5 times higher than their reserves..