If GRL works (it does technically, but if it can deliver the economic returns), then this stock is worth many, many, many times the current share price. They have a good first mover advantage, proprietory technology and are in a good space as the world will never run out of rubbish, just places to put it. Then you've got the whole carbon debate as well. Legislation in the UK re landfill is about 5 years ahead of ours and the cost of tipping waste in Lancashire is about 2.5-3x more than it is in Oz, which should help the economics of the project. If you split off Minproc then there is a significant re-rating as shareholders see the money it generates and it is far more attractive for a takeover without GRL in the mix. A stock for the patient as GRL will take a while to prove itself (08 start in the UK), but there is a real possibility of a break up in the near term which will move the (combined) value along nicely
GRD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
