Ann: Shareholder Update - India Activity , page-11

Arion
You might be onto something here.
If Steel prices are dropping- then mayby The ESI
Team need to employ a Manufacturing Negotiator.
Get the cost ratcheted down to 15-18 million!!
The three C's of manufacturing:
Cost
Cost
Cost!!

Then the ESI Coldry product will be cost effective!!
How is the $100/tonne figure derived?

I like the ongoing negotiations with:

ECT will submit its revised proposal to NLC for full feasibility assessment, with further updates in relation to timeframes to be made in due course.
Coldry project proposals will be developed and submitted to several private Indian companies in the power and resources sectors.
ECT will also develop an Australian project cost estimate utilising imported Indian equipment and componentry. This is expected to reduce capital costs and improve project returns for deployment in Victoria, Australia. Preliminary discussions are currently underway with partners to support the Australian feasibility program.

Let's go ESI!!
Let's go!!