G'day Swiper,Was thinking same. Some potential dots for us to...

G'day Swiper,



Was thinking same.

Some potential dots for us to join.

Was reading through another Co's ann yesterday (PMH) being granted leases in NORTH DAKOTA. They are mining for U/Moly; however have large amounts of Lignite to negotiate through.

-They have engaged the services of WORLD INDUSTRIAL MINERALS as consultants, project managers and engineers.
-WIM has consulted for the following companies:

UNION CARBIDE (DOW CHEMICALS)
UNITED STATES GEOLOGICAL SURVEY
UNITED STATES ATOMIC ENERGY DIVISION (AEC)
TEXACO-ALTERNATE ENERGY AND RESOURCES DIVISION
ENI - ITALIAN GOVERMENT ENERGY COMPANY

Relevance to ESI?

"North Dakota has a well developed mining culture predominantly focused on its extensive
Coal deposits reported by the North Dakota Geological Survey as containing a global
endowment of 1.3 trillion tons of lignite from an average of nine coal seams. Currently, there
are six operations mining 32 million tons of coal annually in western North Dakota. Four of
the operations are mining coal to feed steam boilers for electric generating plants in North
Dakota".

Substituting (COLDRY) some/all of the 32 million TPA used for electricity generation is one option, however with such large reserves in North Dakota COAL to OIL becomes a very attractive proposition. The US Gov's reluctance to rely too heavily on mid-east oil and diversify to biofuels has contributed to massive food inflation globally. This is not a long term solution.

North Dakota being a RED STATE (Republicans) would explain the noise the DEMOCRATS (Barrack Obama) have been making about "CLEAN COAL" of late!

On the 5th November ESI provided a market update with regards to COAL to LIQUIDS developments. Extract from that ann:

"The possibility of using Coldry pellets in coal-to-oil processes holds global implications not only for Victoria and Australia, but also for the United States and the rest of the world.
ECT management is continuing discussions with a number of parties, some of whom have coal to
oil technologies".

The COAL to OIL/LIQUIDS potential could easily dwarf the 20/20 deal with India.

Then, on the 20th November we had the Business and beyond ann.

The B and B program IMO is to be used for political purposes/advantage as they have secured rights to the US only with ESI holding rights outside the US.

For the recently converted to ESI more is discussed about Business and Beyond via the following link

http://hotcopper.com.au/post_threadview.asp?fid=1&tid=576232#2305894

Regards
RBA