market cap comparison esi heavily undervalued, page-11

As previously mentioned in my last post on this thread WEC technology focuses on both types of coal upgrade.

See link from their own website.

http://www.whiteenergyco.com/white-coal-solution/the-white-coal-technology-proc.php

Also here’s some excellent info regarding a fellow global competitor from the US called Evergreen Energy.

http://www.bby.com.au/images%5Cwhite_pre.pdf

Refer to Executive Summary Page 19 (Last page) WEC’s target market is both sub-bituminous and brown coal reserves.

Basically, if a brown coal reserve punter wants to create some value from his/her reserve then both WEC and ESI potentially could compete for the deal. Just because WEC has chased a few sub-bituminous deals doesn’t mean they won’t be interested in any brown coal opportunities.

Cheers,