appendix 3b, page-55

SP3 - if PDN and FMG can do it then why can't ESI?


try this fact

FACT - PDN and FMG own the resources they are mining and therefor they have a license to print money if they can dig it out and ship it in a cost effective manner.

FACT - ESI don't own any coal. They rely on partnering with others and working off a license basis.

For example - ESI are receiving a few dollars royalty for each tonne mined using their method if the Loy Yang gig gets off the ground.

FACT - if inflation takes hold and prices for coal spike wildly, who benefits from this arrangement. I will give you a tip - not ESI.

FACT - if inflation takes hold FMG and PDN will be laughing all the way the way to the bank. As they own the resource and receive all the upside.

FACT - some people just don't like facts. They are happy clappers.