exsposure, page-13

Lautrec,

Perhaps some Coldry risks to consider, in my opinion. Largely centred around the movement of coal from the coal face in LV to power plants in Vietnam. To name a few:

* Plant site - do we have a specific one, and if not, where's the best location - nearer the coal face or nearer the rail line? Transport and minimal handling of material is crucial to keep costs down.
*Planning approvals - particularly environmental approvals can be lengthy and take years in some cases.
*Rail - if the plant is some distance from the current rail mainline in LV, how do we get a rail line spur to the plant through private property? could be more planning/environmental trigers there as well. Is there an existing spur that can be used? That would be ideal. Trucking's unlikely to do the job for me, as per one of my previous posts.
*Rail - cost of moving rail freight per tonne through Victoria.....not likely to be as cheap as some might think. As a state, we're not really in the business of moving large amounts of coal around.
*Rail - capacity to move 2mta of Coldry per year - we're told there is capacity on the rail network so that's ok.
*Rail - how many tonnes of Coldry can you load onto one train? My research tells me that in Victoria the rail network could handle a train carrying around 4,000-4500t (as a comparison the largest coal train in Australia carries around 10,000t, but Victorian trains have a limit in length to 1200m which caps their capacity). 2Mtpa divided by 4,000t per train = lots of trains, rail infrastructure at the plant and ports, and lots of train movement logistical questions to go with it. Costs.....
*Port - what port is currently set up to receive coldry pellets? It takes quite a few trains worth of Coldry to fill a ship, so the pellets will need to be stockpiled at the port. Port rail and unloading infrastructure is required.
*Port - what infrastructure does the port need to construct to transfer coldry pellets from rail carriages to on-site stockpiles to ships? Costs......
*Port - assuming they use ships with 40,0000t capacity, they'll be sending off 1 ship per week. I'm not big into shipping logistics, but that seems ok.
*Port - does Vietnam have ports in the correct regions to receive coldry and move it to a rail hub?
Port - does Vietnam have rail connections from its ports to their power plants?

Although I don't contribute on here often, I've been a holder for quite a few years, so I've followed the ESI story pretty well. In my view, the risks I've mentioned above are amongst a host that still need to be mitigated and must be contributors to why the share price can't get off the ground. If real insto money is to come in, I imagine they'll want to see a lot more risks removed. I love the tech behind coldry and want to see it succeed, but I've realised that no matter how much I sit, hope and pray that the share price goes up, it won't - unless the market sees real project actions taking place, removing the many risks that are currently a hird of elephants in the room.

cheers