challenge, page-4

NT...

An interesting situation?

2 ASX listed coys that claim to have exposure to the Govt backed "Pilbara"

ESI and MNM

Both sp's are trending down...

Who to believe?

ESI folks have long said the ECT... ARUP DFT will open the doors to Monash/Tincom/K-Coal etc etc

MNM folks have long said the BM mining licence will open the doors to...TATA etc etc

http://www.meltonweekly.com.au/news/local/news/general/bacchus-marsh-coalmine-faces-hurdles/2655779.aspx

"A NEW coalmine in Bacchus Marsh could take up to three years to receive approval, according to the Department of Primary Industries."

Reality:

"up to three years"

As ASX investors...the Q arises...

IMO

* Some prominent MNM posters reckon the MNM sp/future is largely dependent on a mining licence.

* Some ESI posters reckon the ESI sp/future is largely dependent on the DFT to kick the sp on....???

I've made my choice!

tick tock...