testing question, page-14

They need $50mill. After the completion of the CETO III test they'll have something like $8 mill left in the WA grant.

That's not enough to leverage other private investment from the likes of Investec. No bank will lend it to them.

$2 mill max from "Commercialising Australia" wont cut it.

It's hard to judge where Stage 2 sits in regards to the $40mill "Emerging renewables" fund (not available until 2011-2012) or the $100mill "Renewable Energy Venture Capital Fund" - but they're both the best chance CWE has of getting over the line.

They need a decent federal grant or stage 2 wont ahead - in Australia.