BJH3 great post,finally some reality.
posted previously that there is more to the term sheet announcement ,ASX.
06/05/2010 12:27PM 2 Signed Term Sheet Advances Latrobe Valley Project
amount of brown coal in latrobe valley *
Loy yang power amount of existing debt *
Tincom and its existing orders to china*
Vietnam energy requirements to 2020 and beyond*
PROPOSAL TO BUILD 40 coal powered stations to meet energy requirements. *
All this does not equal ONE COLDRY PLANT AT 20 MILLION TON CAPACITY? And who has EXCLUSIVE RIGHTS to build more in Victoria,Vietnam ,Indonesia.
IMO could see 3 COLDRY plants operating,2 in Victoria ,1 in Indonesia concurrently,especially if coldry is introduced to existing power plants in the shandy form to meet ETS.
OF COURSE need to wait for results of feasability study.???
coal, page-14
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