clyde big dog , page-5

Hi clyde

I think you are spot on. The SP will no doubt respond to a positive trial result, but the significant returns will not be until they can attract a partner and enter into a commercial agreement.

Nevertheless, a positive trial result makes the commercial agreement all the more likely.

Are you saying in your post that the Artimist project may not yield as much as you originally anticipated? (I cant recall, but I think you were the one postulating a $300m value?).

As for insto's getting on board. I dont think you will find any microcap/smallcap instos on board until a commercial agreement is signed.
Of course, the legal issues act as a disincentive, but certianly not a showstopper, and importantly, IMO, already largely factored into the SP.