Looking back through the Sept JV update, there were a number of short term milestones. Phase two shows three milestones, two for October 2010 being the establishment of the JV and JV expert team. The third timeline is for a single crystal grown using RPCVD. Therefore one could assume that we should get an update on the progress of this phase very shortly given they were short term goals. Success with the single crystal will be a catalyst for a rerating of the SP given the technology will have been proven and most probably the JV will be able to demonstrate the claims of cost savings and efficiency of the product.
Looking forward to some positive news to lift the SP where it should be.
Anachromist, hows that pizza oven going. Made the perfect pizza yet?
BLG Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
