Hi DV,
Agree re costs on large scale, low intensity production like open pond; opex low but capex can still be high re land cost. In aquaculture, in spite of the premium for Australian produce, for a large low intensity project the numbers usually stacked up better for OS. I remember the KMT from Taiwan looking to invest in prawn farming in NW Australia in a massive way a decade ago pre mining boom, and their numbers came up that way. Let alone the 4+ years for a production license!
I love the small footprint, modular nature of the AEB tech. I think they are lining up well time wise for possible one-off opportunity for Clean Energy Fund around July 2013 (a turnkey scalable early-stage proven market tech - hopefully in 12 months) before the chance of that disappearing after the next Federal Election.
GLTA next week
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