The question of market size for SOP is an interesting one.
An improvement in the efficiency , and hence cost of production is likely to decrease the proportion of the market that comes via secondary conversion of MOP .
A lowering of the price may improve the market size the overall .
As far as licensing is concerned., it always comes down to price .
If the cost of production goes down 100 bucks , extracting 20 to 30 dollars in licensing fees possible.
If involving other companies in proving up the technology gets you into production a few years earlier , then a lower price for the product might not be material..
For me , if they can eventually monetise their technology for 20 to 30 million per year[ unlikely , but possible] , a good base .
cheers
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