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appendix 3b, page-59

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    So how about a comparison to WEC and a projection to $5 for your consideration then NTaylor?

    Same space, no coal and not dissimilar to where ESI may be in the longer term.

    WEC had $700 million market cap during last 12 months.

    Now let us put a spin on it that will help ESI reach that $5 mark.

    1:10 consolidation at some stage down the track could be a possibility along with say a cap raising for $6 million for a FS or 2.

    $700 million MC / 140 million FPO after consolidation and CR = $5.
 
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