PMDP Plateau Mineral Development, Inc. featured news, full reports, and detailed charts
Plateau Mineral Development, Inc. (PMDP/PMDP.PK) Wrap Up:
Plateau Mineral Development, Inc. specializes in the exploration and development of gas and oil fields. It is concentrating its efforts in Morgan County, Tennessee. The company, along with its partner Plateau Mineral Development LLC, is building a pipeline gathering system, which is 6.16 miles long with a 6-inch and 4-inch main trunk line. Plateau Mineral Development, Inc. focuses on completing its compressor station to sell its gas production consistently at market prices through its own tap for direct sales at market prices. This project is planned for initial production in November 2008. The company, formerly known as American Food Holdings, Inc., is based in Winston Salem, North Carolina...Plateau Mineral Development, Inc. (PMDP:OTC)
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Market Cap
2.1M
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Total Revenue
11.2M
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EBITDA
189.5K
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DILUTED EPS TTM
--
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P/E
--
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P/S
0.2x
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Return On Asset
-5.40
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Return On Equity
69.27
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| K = Thousands M = Millions B = Billions | ||
PMDP Top Compensated Officers
Executives, Board Directors
Key developments for Plateau Mineral Development, Inc. (PMDP)
Plateau Mineral Development Inc. along with its partner, Plateau Mineral Development LLC, announced that the firm, in conjunction with MEI and Environmental Solutions, has completed a design for a converter unit that will transform tires into carbon black, oil, gas and petroleum solvents. The fully operational converter is the size of a truck bed. Although the demonstration unit will not be a full-sized production unit, it will, nonetheless, display its capabilities for various customers and will most likely pay for itself in the process. This production prototype unit will cost in the range of $325,000 to $350,000.
Plateau Mineral Development, Inc. that the firm has built a lab which is outfitted to test polluted soils. An extremely large number of polluted sites that require clean up exist across the country. Currently, there are no low-impact systems that work, and multitudes of site caretakers have been inquiring about possibilities. The lab is already proving to be a successful endeavor; trial remedial efforts with various micro-organisms have achieved nitrate reductions in excess of 90%. This, in turn, prevents algae blooms and signifies that the water is ready to be sent back into the natural streams. Efforts such as these can be used to retrieve phosphate-laden water and soil to be recycled in conjunction with the farming community. This 'green' environmentally friendly system uses microbes and enzymes to clean up pollution in a wide variety of situations without the need to remove material for processing.
Plateau Mineral Development Inc. and Plateau Mineral Development LLC announced that the company is in the process of hammering out the details of a joint operating agreement with a currently unnamed leaseholder in possession of twelve wells that are all twenty feet or less from Plateau's line. This agreement to add wells to the pipeline would be of minimal cost to PMD, but would greatly increase the firm's production.
PMDP Competitors
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Industry Analysis
| Valuation | PMDP | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.2x |
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PMDP transactions
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| No transactions in the last 6 months. | ||
