"this is a $6 million company that by its own admission needs $6 billion to roll out its plant..."
You should read announcements before recklessly posting.
" This agreement provides for ECT to contribute access to the Coldry IP, plant designs and expertise, and TL shall be responsible for contributing all required capital in exchange for exclusive rights to sell the Coldry pellets to its client base, mostly in southern China. TL has also committed to fund all required financial feasibility studies and to include ECT’s construction and operation partners (ARUP, McConnell Dowell and Transfield Services) in the project.
The agreement is a massive deal for the company, the state of Victoria and the brown coal industry and enhances shareholder value by laying the foundations for ECT’s first viable and sustainable revenue stream."
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