Hi Dave,
Not sure what you mean by "they still have a long way to go". As far as I am concerned EDE/EdenCrete are just about there!
The upgrade is all going to plan and Colorado Stage 2 will be fully operational as from early next year. EdenCrete is targeting to sell all the EdenCrete they can produce in 2017. This is all according to news I received within the last 2 weeks, so it is very up to date. Providing nothing changes, EDE/EdenCrete will then be a going concern producing at least 2 million gallons of EdenCrete p.a. with an estimated value of at least US$50 (AUD 65 million - US$/AUD X-Rate = 1.3000). The annual profit on this turnover should be AUD13 million (based on a 20% margin).
It doesn't get much better than this!
Cheers!
MB
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