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Ann: Response to ASX Query, page-63

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    The ramifications if Matmor is proven is mindboggling, that is why I'm so surprised with the response. Yes we have dates but the market doesn't seem convinced, I can still only put that down as the reason we aren't at 3 cents. Both Matmor and Coldry as Glenn pointed out have compelling economics, I'm hoping once we have the revenue model investors can see the potential revenue from just the 300 million plant to esi is significant and we will see the momentum come back in. It is an extremely exciting time for esi but the market does not yet reflect that, unfortunately as in the past patience is needed.......
 
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