buy buy buy, page-107

Thanks MB

Thanks for that.

That $18.06 has an (est.) after it - so it really is not an accurate figure - it's an estimated figure.

The figure I am using is what I believe AGL valued the coal at per tonne in the recent bid for the whole of LY.

Nevertheless - hopefully ESI can do a deal with AGL where they can get the feedstock for zip and share the profits of any BCE deal - that would be a good outcome.

Prudent to recall WEC also had a cheap feedstock until the supplier gouged them. Their operation subsequently became uneconomic, has now closed down and a billion dollars in investment is down the gurgler.

I suppose one of the benefits of owning the raw material which obviously ESI also see as beneficial with their recent part acquisition of 33 sq km in LV.

Cheers K