Hazer margins, page-4

After listening to the webinar yesterday this looks even better. On the negative, there's some costs associated with clean up of the gas to produce pure methane that I hadn't considered for the bio-hydrogen side. But the carbon credits being discussed by one of the other speakers of up to $2.48 per kg of produced hydrogen at $20 ACCU price really gets things moving. I'm not overly confident of that number yet, and would hope to see further detail ( and hope I noted it down correctly), but even at a 50c credit it's fairly compelling.

I sense this might bolt at some point soon. Whether it's confirmation of the economics, Chiyoda moving forward on things, or MinRes finally confirming a move to the next stage, it appears poised for a strong move on some positive news.