SOURCE: Wall Street News Alert

September 13, 2005 09:44 ET

Aggressive Investors Alert: Emerging Public Company Announces Agreement With JJ Resources!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- September 13, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Quest Minerals and Mining (OTCBB: QMMG),, Inc. (NASDAQ: BIDU), GE (NYSE: GE) and Exxon (NYSE: XOM).

Quest Minerals and Mining Corp. (OTC BB: QMMG) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it has executed an agreement with JJ ("JJ") Resources of KY, for the joint development of JJ's Permit #860-5145 known as the Apollo Number One project.

News of the joint development could be welcomed by investors, as there are currently 690 acres that are already permitted and bonded located at Williard Branch, Pintop, Knott Cty KY.!

Quest will invest up to $500,000, subject to funding, in developing four seams with initial production projected for December of 2005.

Watch this company! According to the company's press release, the property has estimated recoverable reserves of 6,800,000 tons primarily in the Hazard 4A Rider Seam running 38"-62" high. Actual mining will be accomplished using contract miners in deep, strip contour strip auger and low seam mining techniques. The production goal is 40,000 merchantable coals by Jan 2006.

The release also states that average analysis from prospecting samples, when washed showed an average recovery of 70% with heat content in excess of 13,000 BTU's. There are five tipples (rail loading facilities) with in 5 miles of the property. The average delivered price for this coal is estimated to be $48/ton.

Investors should continue to monitor the progress of Quest for further developments! In addition to this property Quest and JJ have entered into an Area of Mutual Interest ("AMI") giving Quest the right of first refusal to fund projects in Pike, Letcher, Floyd, and Knott Counties with JJ. Should Quest exercise its options under this AMI, the total coal reserves are expected to be in excess of 100 million tones in place.

Quest CEO, William R. Wheeler, stated, "The opportunity to work with Bill Spears, President of JJ, and these already permitted and proven properties greatly expands the earning potential of the company."

In the past few months, Quest has announced its intentions to expand the company's energy base into the oil and gas sector as well.

For updated in-depth coverage and a company profile of Quest Minerals and Mining, visit

Prior to the press release, the stock closed yesterday at Ten cents a share.

In case you are not familiar with the company: Quest acquires and operates energy and mineral related properties in the south eastern part of the United States. The company focuses on properties that produce quality compliance blend coal. Quest's steam coal is currently sold on the spot market to certain brokers who in turn sell to utilities and industrial clients as fuel for power plants. The company looks forward to taking greater advantage of the strong market for compliance coal and continues to identify expansion opportunities in its geographic focus, in addition to developing and opening mines at already acquired properties.

Stocks showing interesting activity yesterday at the close of the regular trading day were:, Inc. (NASDAQ: BIDU) up 16.5% on 18.1 million shares traded, GE (NYSE: GE) up 1.3% on 24 million shares traded and Exxon (NYSE: XOM) down 1% on 17.6 million shares traded.


"Thursday will see consumer price info, as the CPI is unveiled for August. Expect to see numbers increase for energy and any goods or services that depend on fuel or energy. Today will see numbers for the trade deficit for July," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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