AUL 0.00% 28.5¢ austar gold limited

i am holding until share price above $2.00, page-44

  1. 3,072 Posts.
    'Even if the BM lignite/leonardite was commercial, a jorc of 2 billion tonnes would not satisfy the working life of power stations for Vic as the BM small deposit would run out before the viable life of a power station had been reached,,, and we all know Power station owners and builders are NOT charity organizations'

    MNM/exergen have NEVER mentioned building a power station at BM.

    the plan for that resource is the construction of a 12 million tonnes per annum BCE CHTD facility, with all product earmarked for export, and 75% of it already subject to a SIGNED off take agreement with Tata Power.

    As for the 'forward plans' - Exergen will design and construct the plant. Under the MOU they will also PAY for 100% of the cost. MNM are providing the coal, exergen the tech and plant.

    Exergen are a private firm - they do not need to announce 'forward planning' about the CHTD plant, or any 'planning' at all.

    The CHTD plant will be designed and constructed by Sedgman and Thiess, the coal plant specialists. The very same Sedgman and Thiess that are cornerstone investors in exergen...

    Thiess have been working on the CHTD project for 6 years+ now. IK came to MNM from Thiess. He was the Thiess manager of the CHTD project on secondment to exergen.

    Is it seriously suggested that the Sedgman & Thiess coal JV has put their own money into exergen, but their has been no 'forward planning' about a CHTD plant?





 
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