Giddy,"Build it and they WILL come" is the aim of the Tincom...

Giddy,

"Build it and they WILL come" is the aim of the Tincom game. The govt is going to want to see the 2mtpa plant operating before they commit to any serious infrastructure.

"how good is it going to be building a plant and actually using it within that country?"

LV is the least profitable place to build a Coldry plant (especially + export costs) - so imagine the appeal overseas. Lower moisture means more output per module.

Personally, Im not that positive about the prospects for the LV p/stations all converting to Coldry (maybe a couple will in 5 years or so...ETS etc obstacles) Santos have made some big gas discoveries recently, so its likely gas will play a more prominent role. Gas price usually fluctuates with POO - that is an obstacle there though.

Dont underestimate the uranium potential in Oz - its supporters are gathering pace...it makes sense despite the massive costs to build.

Could the LV deposit be largely destined for BCE export?

We see QLD and NSW are committing to massive infrastructure spending for massive coal export increases.

Why wouldnt Victoria want to join in?

Especially with the "green" touch that Coldry can add. If they are going to build a rail/port for Coldry 20mtpa (+ the other proposed b/coal products that could be exported)...it makes sense to go the hack and take Coldry to 100mtpa - which Tincom have the exclusive license for.

Highlights the importance of this expected FS ann!

One way or another, the Vic govt have made it clear that the LV brown coal deposit is too valuable to ignore. They MUST value add - as do all the other nations with b/coal. IMO Coldry will be the centrepiece (the reason to build rail/port) and the rest will benefit.

Thats my take on VIC.

Its crystal clear that Tincom are crucial to underpinning ECT's future - with Chindia the real focus.

The beauty of the Tincom deal is the strength of their govt support, their need for BCE and their "no-need" of an ETS in place.

BTW - as TB stated...the FS is site specific. There is little risk there if people have done their homework. Truck the first 2mtpa and "Build it and they WILL come - inc instos".

Therefore if the FS is positive (imo a given) then the 2mtpa plant will happen etc.

Tet is finished a week now - its only a 10 hour flight.

SP3 - you must be sleepy by now down at 530 Collins st...any Tincom sighting?