Steve/Don, the Kwinana revenue will not support ELI. It has been a successful operating model and pivotal in securing ORICA contract and others, but it's far from a cash cow. The sale of the Rockwood facility, and any future partnering/financing deals will fund future operations.
Revenue from Japan may be a while away, despite the pending final approval. There are no milestone or other payments upon final approval. The agreement with the Japanese partners requires an equipment purchase within set time frame upon final regulatory approval. Every indication is that the Japanese partners are highly motivated. ELI process would be the first 'alternative technology' approved in Japan, representing a truly unique opportunity for the licensee, and eli of course.
Interesting above all is that the ACWA program is once again exploring the Eco Logic process. After scrutinizing the first three 'alternative technologies' selected for testing, congress has committed a further 40 mil. to test the other three candidates. It seems the initial selection process weighed upon factors other than efficacy. Here is the link.(this may have accounted for the run up in August)
www-pmcd.apgea.army.mil
Don, the Japan approval will be a huge landmark in the eli story. Buyout? not so sure. There is significant potential revenue in Auzzi, and in the States with ACWA. Too many irons in the fire to simply buy out.
The picture is getting better imho. After the sale of the Plant in Rockwood, the burn rate is smouldering at best. I am satisfied that management is truly dedicated to success (survival). It's been a long haul, I've been a shareholder for a long time, and in retrospect, the company looks better now than ever.
JMHO.....of course, damn yanks , go BOSOX!!!. tj. |
