I don't put a huge amount of weight on these reports - but they...

I don't put a huge amount of weight on these reports - but they do prompt some fresh thinking - and it's always interesting to see someone try and put some numbers up for a spec stock such as this (and gives a hint to what management think the SP should / could be - given they pay for these things).

12 month target SP of $0.27 (risked)

Unrisked $/share for first CNG project is $0.22 - which is lower than what I expected. But the model they're working on does suggest that once one project is up - additional projects would follow more readily (proof of concept etc etc) - and they suggest $0.35c / share for a further CNG project.

If all the ducks lined up nicely - and C-H2 project(s) became viable...this could get very interesting very quickly.