WHY is it so so so so important for ECT to PROVE the Coldry...

WHY is it so so so so important for ECT to PROVE the Coldry pellet via BM as commercially viable BEFORE presumed MPA/financial close come end June?

Sure, the sp will/would likely still roost if the above occurs WITHOUT a proven BM/Coldry pellet come July because it is still a very compelling story (AusIndustry/Indian Government backing, fully funded etc etc). However, to supercharge the share price imo ECT must PROVE the BM Coldry pellet in a commercial environment.

To supercharge the sp with some sustainable bluesky built into the share price, ECT need to attract Australian/Indian deep pockets IE, reputable brokers, SI's & eventually institutions.

Fact is these types of folks will always have DEEP question marks/reservations in their minds UNTIL BM/Coldry is proven in a commercial setting.

ECT need to attract these types of professional investors - that must be the aim. To do that ECT must prove/demonstrate that the Coldry pellet (and therefore the Coldry-Matmor pellet) is a commercially "proven" product. Then, imo we will see some genuine bluesky share price fireworks.

Increasingly, the mainstream media is focusing on Indias troubled steel/coal/iron ore industries (and currency worries). Infrastructure is the key to Indias attempts to modernise - so the deep pockets will be increasingly on the lookout for "proven" technology that can utilise Indias achilles heel - lignite/low grade iron ore... to produce steel.

Imagine IF BM/Coldry is to a degree commercially "proven" via local contracts by June - Dec (sure it would take many months to generate believable data to "prove" the pellet)....??? My feeling is some deep pocketed professional investors will take significant early positions in ESI if ECT "prove" the pellet at BM. IMO significant risk will have been reduced in their minds & some genuine bluesky will be built into the share price. It is very very possible that little ole dog stock microcap ESI holds "a" key to Indias attempts to transform its coal/iron ore/steel sectors. There are plenty of wealthy seed investors/brokers/institutions out there looking for a potential industry transforming ground floor opportunity.

And let's not forget the proposed 170,000 tpa LV module - a "proven" BM Coldry pellet will enormously help to fast track that project too. In our opinion, BM is THE key to "supercharging" the share price & things are progressing well. And let's not forget hydrogen - that alone has "lithium" potential imo. BM is the key.

tick tock...