2009 will be a happy new year , page-9

I recall they have said they will Trial Burn when the plant is installed on-site, which is expected to be around May or June this year.

Len sees no point in lighting a burn for the sake of it. he's done it before so he'll only do it again when it is much more viable.

I also agree with other posters, and as I have posted before, CXY has the least risk profile, a fully funded commercialisation programme (despite what others think) and the right team to make this happen.

So 50 cents is the lowest I am expecting at the end of the year. Basis, the earnings forecast and a modest multiple makes for a SP well above this mark, so I'm being cautious.