'But happy to be proven wrong on this.'really? as a long term...

'But happy to be proven wrong on this.'

really? as a long term holder of ESI you would be happy to see MNM/exergen build a brown coal processing plant adjacent to the Calleja's Maddingley open cut brown coal mine? The same Calleja's who have been long term holders in ESI by their companies JBD Industrial Park, but whose patience must be wearing very thin with the idea that ESI are going to do anything with that coal anytime soon? But you know about ESI's problems - the farce about the Tincom funding promised last June that has not appeared, the total lack of director buying at an all time low SP, the fact that the SP has gone from $1.16 to 1.8c since 2006?

The same Calleja's who, according to the MNM ann about the 20 tonne brown coal bulk sample they provided for MNM to test, are in discussions with MNM about developing these brown coal reserves. The Calleja's hold a mining lease for the Maddingley operation - it is marked out in the details MNM have ann'd about EL5294 because the Maddingley mining lease is now totally surrounded by MNM's EL 5294. They even went to the trouble recently of applying for further small parcels all around the Maddingley mine to infill the area completely. A coincidence?


As to the 'policy bent' - anyone who thinks the Victorian Govt will not be doing everything within their power (which, in regard to natural resources in Victoria is pretty much absolute power thanks to the Australian Constitution) to get the kind of corporate firepower behind the exergen/mnm brown coal JV up and running on a clean coal project in Victoria needs to explain why the DPI in Victoria is funding a division called 'Clean Coal Victoria'

the below is extracted from : http://new.dpi.vic.gov.au/earth-resources/industries/coal/prospectivity/clean-coal-victoria

anyone thinking about selling MNM at 13.5 c should read this document very carefully.

'Clean Coal Victoria (CCV) is a new body set up by the Victorian Government dedicated to maximising the value of Victoria's coal resources in order to best deliver the economic, social and environmental objectives for local communities and Victoria.

The extensive Latrobe Valley brown coal reserves are Victoria's largest natural resource asset. They supply fuel for 90 per cent of Victoria's electricity generation. Apart from electricity generation, there are exciting opportunities through clean coal technologies for new commercial uses and exports.

Coal has potential to become one of the new drivers of economic growth in Victoria, and CCV will play a key role in unlocking this potential which can be realised by attracting new ideas, investment and people to the Latrobe Valley region.

Clean Coal Victoria will develop strategic resource plans to manage Victoria's valuable coal resources, developing detailed information about our current resources and undertaking test drilling to determine the quality and quantity of brown coal resources in under-explored areas.
It will ensure our brown coal resources are protected for future generations, helping to reduce land-use conflicts and will play a key role in working with the community and industry to attract new investment and economic growth in areas such as the coal-rich Latrobe Valley.

The Victorian Government has provided $12.2 million to form CCV, which will be based in Traralgon, a regional city in the heart of the Latrobe Valley, and will be a focal point for the community and industry to engage with Government on coal issues.'

if you want to see more about Clean Coal Victoria's policy agenda, and how it plays perfectly with the MNM/exergen plans to develop a brown coal processing mine and plant in BM, then look through this as well:

http://www.powerworks.com.au/Tertiary%20Resources.pdf