I'm not a full bottle on this technology but as far as I know nobody else has anything close...read the prospectus at www.bluglass.com.au
I believe the yanks bought up big in the early days eg seed capitalists and float.
Costs are substantially cheaper with bluglass technology, I beleive they are doing tests at the moment to build larger scale blocks with results due any time.
They have already created the product and tested it , its well beyond an idea.
I suggest you read the prospectus on the website to find out more detail or call ABN Amro as I know they are quite keen on this one.
This is one of the stories like VCR MBP DVT CMQ COH etc etc where the big money is made in the early days imo its very hard to price in how high this one would go with a market expanding at such a rapid rate, will depend on how much of the market they get.
My guess is this one will get taken over, checkout the management.
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