"“A new entry to the market might only capture 10 per cent...

"“A new entry to the market might only capture 10 per cent market share, or US$400 million to US$800 million per year in revenue,” he says. “Many of the junior companies probably have a market cap of US$50 million to US$100 million, but the project they need to build will cost many times that amount. They don’t have the capital to make it happen, so they have to raise additional funds. This all adds to the risk, uncertainty and delays.”

and again the question why they want to burn hundreds of millions, if they get the money?
everyone has the head in the sand or just the rose glasses?

If you still missed the message, PM8 changed the business modell---> from delivery to China with big profit and less to none risk
to ---->>> separation with the risk of investing and losing hundreds of millions - ---> if they get the funding....

any thoughts? Management has no intention to answer this ......