transfield pop quiz, page-11

comparing WEC sp against ESI ,similar technology ,WEC at construction phase but the share price discrepancy 6c to $1.90,
ESI looks undervalued.?
About White Energy
White Energy is the exclusive worldwide license holder of the Binderless Coal Briquetting process that upgrades relatively poor quality coal to significantly increase its energy efficiency. The process was developed by CSIRO in conjunction with TraDet Inc, K.R. Komarek Inc and The Griffin Coal Mining Company Pty Ltd. The patented process involves the crushing, drying and briquetting of high moisture coals, resulting in the reduction of the moisture content of the coal and converting the product into a higher energy content, stable briquette. The advantages of the White Energy process involve creating a higher energy value coal, creating a physically and chemically stable product, significantly reducing coal transportation costs and creating a higher energy value release with lower carbon emissions. The process has been shown to be cost and operationally superior to competing technologies.
The White Energy technology also represents a first step in building a cleaner coal solution. White Energy’s process is an important first step – an evolutionary process that speeds the maturation of lower grade coals. White Energy is committed to delivering cleaner coal technologies with a view to ultimately achieving zero emission targets.
White Energy is in the process of commercialising this technology and is currently constructing a commercial one million tonne per annum plant in Indonesia in joint venture with Bayan Resources. The Company also has a joint venture agreement with Adaro Group, one of Indonesia’s largest coal companies and Itochu Corporation, a major Japanese trading house respectively, to build additional coal upgrading plants in Indonesia. Further, White Energy has also signed a Heads of Agreement with Datang International Power Generation Company in relation to the development of coal upgrading plants in China. Most recently, the Company has entered into a development agreement with NRG Energy and Buckskin Mining in respect of a potential project in USA. In addition to these projects, the company is actively pursuing opportunities to deploy its technology across various markets including Indonesia, China, India, Mongolia, Africa and the USA