At the height of the GFC, when WEC only had a coal drying demo plant, the company was valued at well over $200 million. ESI has a demo plant, full costed designs to construct a plant, major Indian companies on board, plus a world changing iron making technology, and it's valued at $45 mill.
Mr Modi, the Indian Prime Minister, is determined that his people will all have access to clean, cheap power, and with the cheapest power from lignite, cleaned by ESI technology, it's a no brainer.
There's a very long way to go with ESI, they are just getting of the blocks.
At the height of the GFC, when WEC only had a coal drying demo...
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