contenders $90m

Who do people think the contenders are?

Criteria

2013/14 Demo plant ready re LV coal and financially able.

GTL Energy?

http://www.gtlenergy.com.au/projects/projects-overview.html

They already have a demo in USA and seem to be into NZ with no real info on any LV interest/capability.

AEC/Rudy are using older techs I believe.

Ignite energy - doubt it

http://www.igniteer.com/technology/lignite-upgrading.html

Anyone know of any others?

Govt said 2-4 demos - hard to see 4.

Leaves Exergen/Coldry as front contenders imo. The more I think about it - Exergen would be great for the LV development. Tata etc. CEO says 3-5 years away - maybe this funding will bring it forward?

As some BM posters have stated - the JV ann did not state WHERE the $50m demo would be built. It could be LV.

The demo focus would then change from BM to LV which means BM would likely be on the backburner until the LV demo is built/tested.

You dont build 2 demos.

MNM holders had better hope Exergen does not get the demo $$$ imo. Thats why I and others could/cannot understand the euphoria re the $90m by BM posters. IMO its very dangerous to MNM holders. What other tech would then upgrade BM? Any viable tech would be in the main game LV utilizing the $90m would it not?. BM could be stranded for many years.

Where would Exergen build a LV demo?

Some will say due to Dr Brockway it will be at AGL. Remember Dr Brockway is an advisor - he does not make decisions. Will AGL have 2 demos on their property? Doubt it.

Exergen allocation ~1B tonnes is a certainty imo. They will have it later this year the Govt says. In that case - they would likely drill it and use their own coal rather than drill/use MNM's LV coal. Cut out the middle man?

1B to Exergen...1B to AEC...leaves ~11B - makes ECT's "consortium" statement interesting.

ESI seems to have the markets favour re the $90m - MNM has barely moved apart from a small trade late yesterday at 13c.

"Planning, approvals, procurement and construction are expected to progress during 2013, with completion of construction and subsequent commissioning and optimisation during 2014. This fits ideally with the ALDP’s stated funding timeframe, which aims to deliver funds before 30 June 2014."

Seems to me the Govts are planning the $90m around Coldry...bit like my post last night - lots of "co-incidences" that happened Feb-March.

Plenty of bids early today...some will say its another P&D. IMO these folks severely underestimate what post Aug 2011 ECT management/Monash/IMFA are doing. According to some, the DPI say Coldry is in the top 3 techs worldwide ...

tick tock...