website, page-4

Thanks Lexie, much appreciated buddy...

This may be an assumption but I assume Exergen is going to be granted a chunk of the ALDP funding and I assume they are through the initial phase and I assume they would have used this as an incentive to get their 100 million funding?? Timing makes sence and they need the cash for the ALDP process and to build the Demo plant in the LV...

Will this be revieled in March is a mystery but very possible IMO.
I think the market may take MNM more seriously if they see Exergen raising cash and puting their money where their mouth is finally....

I look at Exergen/MNM JV and wonder what BM is worth to Exergen if they intend to develop BM?
Their initial investment of 500k for drilling was peanuts...
Their 50/70 million expenses for demo plant will be a big chunk of money when thats committed.
20 MTPA is a big project IMO...

Seems to me like the MNM MC of 12 million excluding cash is much less than what Exergen would pay for BM alone IMO???

Some may think I am dreaming but, If I was Exergen and thought BM was likely, I would pay millions and millions for BM now before the markets starts to value the asset/project correctly...

just some food for though,,,,I dont want Exergen to try do a T/O but I can see the value to Exergen if they moved early...whey share 50% of 20 MTPA if you could buy the remaining 50% for $30 million??

Maybe this is why MB likes to own at least 10% of register? I am glad its tightly hold because a T/O would be very very unlikely as me and some of my friends would want 50 cents plus because we see the value of BM already...

I hope the market wakes up soon