News: ESI Environmental Clean Technologies enters sales deal with Jebsens for Bacchus Marsh facility, page-28

Let me see. Bid at 1c, 4.6 billion shares on issue. Hmmm, unstoppable force? You might want to rethink that one.

Currently, each pip increase represents around $5 million at current valuations. What event in the foreseeable future is going to cause the MC to rise by multiples of $5 million? The company has just shown that at best, it could generate $162,000 after a 3 month trial. So where is it going to pull $5 million (1 pip), $10 million (2 pips), $15 million (3 pips) of value from? Even after extrapolating out the revenue for a 3,000 tonne trial, this represents half a million dollars.

Now if there is a promise and binding contract to build a huge plant in India, then that's a different story but have we seen this yet?