esi cred list update for amazed

just a small oversight, one of many but this will do for now.

http://stocknessmonster.com/news-item?S=ESI&E=ASX&N=292120

a wee correction, if they produce 5.5mtpa then that valuation stands.


Grant Thornton Corporate Finance has assessed the Enterprise Value of ECT between
$82 million and $106 million having regard to the commercialisation of the Coldry
technology only.
The valuation range is based on the following assumptions:
• the business model underlying the Projections assumes the outsourcing of the
production and capital expenditure costs of the plants required to produce Coldry
pellets. ECT will receive a royalty fee for Coldry pellets produced by the third party;
• supply of Coldry pellets to the Victorian power stations from 1 January 2011. The
Company expects to deliver up to 5.5 million tonnes of Coldry pellets in 2011;
• supply of Coldry pellets to Abhijeet Infrastructure Limited (‘AIL’) in accordance with the
off-take agreement; and
• a discount rate of 23.4% has been applied to the valuation.