50 mill will do me

While my last post proved to be one of the most successful conversation stoppers in HC history (168 reads and only one reply, predicting the demise of the US!), i'll push on, confident that you are all intimidated by my genius, rather than just bored senseless (there's no reason to speak up now and correct me!)

Anyway, surely CNM can get a bit of reflected glory off this Penny Wong pre budget announcement (link below - but there will be heaps of articles about it). At the very least, all this water talk should support CNMs current SP.

This is the bit i like - not enough detail to go on, but potentially 50 mill for our proposed 500 mill plant:

"Senator Wong will also deliver on Prime Minister Kevin Rudd's promise to spend $1 billion on its national urban water and desalination program.

Under the desalination program, individual projects costing $30 million or more will be eligible to apply for up to 10 per cent of capital costs - $100 million will be the maximum contribution for any one project."

I wonder if the "renewable energy" pot of money in the budget will have as much potential for CETO.

http://www.news.com.au/dailytelegraph/story/0,22049,23612311-5005941,00.html