movement at the station...., page-26

beware of misinformation Remlin, Why are you running posts with total disinformation in them. The Thermal (pyrolysis) plant was NOT bought from ESI. Where did you get this nonsense from??? IF you had the gumption to go back to the original prospectus you will see that the technology was vended from a private group who floated TOX. The technology has close to a 15 year operating history behind it. It is a LOW temperature operating system (around 500-600C on hydrocarbons and a little higher on PCB's and toxic wastes) NOT high temp as you claim.

The current plant works fine except that there is a mismatch between the gas management system rated at around 2.5 tonnes per hour and the front end retort rated at 0.5 - 1.00 tonne per hour (depending on moisture content and type of material being treated). This makes the current plant expensive to run BUT upgrading the off the shelf retort to match the gas system allows 8,000 hours of operation per year. Brokers research (on TOX site) indicates revenue of A$1,000 per tonne is possible. At 2.5 tonnes x 8,000 hours x $1,000 tonne = $20,000,000 p.a. (with 50% profit margin) BUT assume 50% plant sales/ profit = $5,000,000 ON THE FIRST PLANT. Pyrolysis plants are very well established technology. TOX adds a patented high temperature sub micron filtration system to the mix AND we get a plant capable of filtering sub micron particulates from a variety of feedstocks i.e. oil tank bottom residues, scrap rubber wastes/tyres, toxic wastes. The plant REPLACES incineration in a lot of applications and scavenges feedstock materials for recycling. This has major application across a wide variety of situations and is patented. IMHO a reasonable valuation once the Perth plant is up and running at 2.5 t.p.h. and other applications are under contracts runs many, many multiples of the current price (potential to become a major player in waste treatment, recycling, reduction of greenhouse gas emissions and other emissions).

Your comment about Port Headland is farcical. My understanding is that there is only one waste permit issued for toxic waste treatment and TOx has it (next to the largest mining port in the world). Understand that current wastes go to a landfill for burial and are now being diverted to the TOX plant. Would assume that they have an unlimited supply of wastes coming from a booming resource industry. TOX is currently FULLY BOOKED a year in advance for processing wastes. Chances for expanding capacity and sales are very high.

The current price of 3 cents will not last. Shareholders will do very well over the next few years.