Lets think about this rationally... the independent valuation is...

Lets think about this rationally... the independent valuation is INDEPENDENT and is based on Coldry alone. Not Matmor, not Coal to Oil, Coldry alone. Think about that.
Grant Thornton are an independent globally respected outfit. I presume that they have also erred on the side of caution in the valuation which, fully diluted is 25-33c in my estimates... 3 times current SP FOR THESE 2 POTENTIAL DEALS ALONE. Remember, once deals have been made, and they will be, ESI can roll out globally. Coal has just passed $100. A bankable valuation FYI will enable EXPANSION-those saying they are going cap in hand for cash, tell me, how you expect them to expand-thin air?

Anyway... its proof, independent proof that ESI, even in these early stages (ie close to commercialisation) is an absolute bargain.

Once we have real $$ coming in, ESI can, as well as rolling into new deals/licencing Coldry.... expedite Matmor.

New management to take them beyond deals hinted at in independent valuation is also important.

Anyway... a good start. Think big picture.

Cheers to those that hold.