My understanding is that they have proven the process at laboratory scale. This demo plant will prove the process at commercial scale. In addition the demo plant will allow them to determine optimal settings for operational production based on the varying sources of raw materials. That way, when they move to a larger >=10,000 tons plant they don't have to play around too much finding optimal settings. It will also assist with marketing to potential JV's or licensing the process for that 100,000 ton plant.
This is a stock to buy into now and put it in the bottom draw and bring it out in about 3-4 years. The current challenge is at what price to buy in or accumulate. It looks like it won't get much below the 8.5c mark unless we have a really red week where it may touch closer to the 8c mark however the lowest it's close this year is at 8.4c
I think this is one of the most exciting penny stocks at the moment. I watched CXO go from about 4c to current >$1.50 in less than 18 months. This one probably won't move that quick but I think it will do similar longer term.
Thanks Ken for all your analysis.
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Price($) | Vol. | No. |
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