There has been some mention around the resources industries applications in the past, but not near term
When I joined a group of investors for a tour of the facility and information session with the CEO and the Chief scientific officer they emphasised that thee are many applications for MIXNGO.
BUT they have limited funds which could be chewed up very quickly if they chased all opportunities, rather they wanted to focus on near term revenue drivers.
Joe Maeji gave the example of putting a film on glass to make it self cleaning but emphasied that the revenue stream would not be as great as what they are chasing in the diagnostics field, so why chase it.
On the link below, page 17 you can see in the mid term one of the areas was
There was also a mention in the CEO's presentation to the AusBiotech Invest presentation on the 31st of October 2013
at 5 minutes 10 seconds in talking about possible future uses "Surprisingly I have had a number of recent questions relating to the possibility in resources and cleantech"
He goes on to talk about bioseparations being their next cab off the rank after they get IVD deals locked down (yes Traderboy and Meerkat I hear you!)
Not surprisingly there was a spike in the price in the week after this, followed by the BBI HoT agreement that then re-rated the stock.
As for why gold, Twins (Matt) blog has a piece on 'the golden opportunity'
This should be a start, but it has taken a long time to start to get my head around it.
As for quantities of gold they talk in nano-particle sizes.
To give you an idea of how small that is the CSO told us that your fingernail grows at one nano-particle a second so very, very, very small! (not a big earner for the gold industry!)
ADO Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
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