actual contract bids, page-11

hi cas
salami has already post the company announcement, as you can see the south work is totally different. Newing also covered this in his may report. Below is what newing had said in the march report. Hard to tell which project these might be but I would think he was talking about the xingyuan lake and these other ones in the south. Back in march I don't believe the company was expecting xingyuan lake to turn out the value it has become so the question might be was xingyuan lake the $50m and the south 30 project one the $100m ? Either way some very big contracts in the offing


As for China, no figures were put forward by the company because it was thought too speculative to do so. The directors intend to get a better handle on project probabilities over the next few weeks during meetings in China. What can be said with confidence is that the potential is vast. There are many large projects in the offing. At the very large end of the scale, one is over $50m and one is over $100m. For this size of project, the company is already engaged in what could be described as Stage 1 work, wherein PET’s capabilities are being tested on a relatively small scale of $0.5m to $2m. There might be four or five stages of work for each of these large projects, each stage many times bigger than the last, and securing each stage will depend on the outcome of the previous stage.

thanks
mickem