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You're right, a lot has changed... despite the dilution, in many ways, CCTC is a stronger bet now than 4 years ago.
Yes, I'd guess at least $1. Even if test plant 2.0 is not operational until spring, that still allows plenty of time to test coal from all six interested clients by EOY 2020. If only half sign, $1 sounds likely. If one happens to be Coal India, all bets are off and the sky is the limit! $$$$$
Thank you Golden_Cross! I suspected as much. There's a good reason for CCTC to turn bullish... we now have photographic evidence that the looong awaited on-site assembly of Pristine-M test plant 2.0 has officially begun!
After a year and a half of false starts and empty promises, stockholders had become disheartened... but now CCTC investors have reason to be excited again! Several likely clients (two with lic deposits) are waiting to have their coal tested by the final design, which includes cost-savings, performance, and byproduct extraction improvements. The big question everyone is asking now is: When will it be operational?
Prediction: $1 will be our new floor once we're testing foreign coal, especially if one of those is Coal India.
If that blue whale signed a license deal, even a small one, it'll be time to retire! With our current OS and at standard royalties, we stand to ADD $1 to our then current PPS for every 1% of Coal India's coal upgraded... so even the hint that they're seriously interested in our tech will drive our stock through the roof!
(0.01 * 600 MT) * $3/ton royalty * 10 P/E / 180M OS = +$1/share
Perhaps when piles of foreign coal arrive it'll offer the necessary motivation.
That's the $64,000 question, or in our case, the 64¢ question.
We don't know. Management originally estimated 6-8 weeks, but the rebuild was delayed. Gillette, WY can have relatively harsh winters, and they've already seen snowfall. Once Pristine-M test plant 2.0 is operational, it'll have weather protection and can test coal year-round... but construction can certainly be hampered. To be realistic, I'd double the estimate, so we could be testing coal by January.
One thing is for certain; now that we have photographic proof that the looong awaited on-site rebuild is finally upon us, our PPS should rebound nicely... and when investors see 500-ton shipments of coal arrive for testing from likely customers in India, we're off to the races! $$$
Wow, CCTC is a scam? I'm surprised the University of Wyoming's prestigious School of Energy Resources would be complicit in such an obvious scam; much less throwing cash at it. You might want to inform the Governor of Wyoming of your findings so he can withdraw that offer for "a long term commercial loan of Many Millions of Dollars." You should also warn the U.S. DOE and DOD to stay far away from this POS.
And please give this unassuming guy a call before he is duped by these charlatans!
No clue; depends on who the client is. The first client to have coal tested will probably be WNP using PRB coal, since they are "a related party company." In that case, I'd guess 20¢. If it's Jindal, maybe 25¢. If a certain blue whale is nibbling at our bait, maybe ten times that much. Believe me, in that case, serious investors will take notice! To clarify, I'm taking likely clients prior to signing full licenses.
Depends on the weather. It's possible they could complete the plant by the EOY, but don't hold your breath. Even if the rebuild is on hiatus for the winter, it'll be interesting to see what happens to our PPS when mountains of foreign coal arrives for testing. A while back, someone said that the first shipment would leave port when the on-site rebuild began.
Well, they're not talking completion date because it probably won't be this year. I'll be very surprised if it's processing coal before spring. I hope I'm wrong, but we have to be realistic.
Yes, and let's hope it's large enough to fit the plant with all of the new modifications approved after it was poured, such as that rotary absorber kiln... I'd hate to wait another year for more concrete to cure.
59k shares traded today... 590k shares traded next Friday?
Wise move... we're up 8% today and probably another 10-20% on Monday.
I suspect that pictures will be posted weekly, so as progress continues, we should inch up from there.
CCTC tweets, "Assembly commenced in Gillette earlier this week on @CCTCInc second generation facility. Special thanks to @EnergyUW @GovernorGordon and @WyoBizCouncil. Progress updates will continue."
Here's an interesting question...
As on-site construction commences for Pristine-M test plant 2.0, why is CCTC thanking Gov. Gordon and the Wyoming Business Council? Is that on behalf of ECED and the UWyo for ACPIC funding (where we expect our byproducts to be tested), or have they done something specifically for CCTC to facilitate the rebuild and/or commercialization? Hmmm.
PICTURES!!! Yee-Haw! Buckle up and let's ride this turkey!
https://twitter.com/CCTCInc
To be expected... it'll take a few days for word to spread; even then, sceptics will need to see pictures.
Still no mention on their website, even under the new Social Media tab which highlights important tweets.
https://www.cleancoaltechnologiesinc.com/social-media/
I disagree; lack of progress is why we lost 50% value since June.
Visible progress will boost investor morale, along with our pps, and it will stay strong for as long as we see continuing progress.
Thanks for sharing the good news. When we get official word that onsite assembly has begun, I expect we'll bounce back over a dime.
CCTC Industry News: India's red carpet for foreign coal investors may lift output... posted yesterday.
https://ir.cleancoaltechnologiesinc.com/industry-news
I'm surprised that India's coal averages only 3600 kcal/kg, or 6500 Btu/lb... it could really benefit from some "upgrading."
A coal washery is part of a coal handling and preparation plant (CHPP or CPP). The coal is washed of loose soil and rock, crushed and graded and stockpiled for transport. Washed coal is not to be confused with clean coal... that is until Pristine-M beneficiation becomes part of that process. $$$
India’s move to open its coal sector could attract global mining majors and help boost domestic output, with analysts believing peak demand is still years away in a country where coal contributes more than half the energy needs.
However, some concerns around coal quality and regulatory hurdles remain.
…
India has been looking to move away from coal imports and boost domestic production to 1 billion mt by 2024-2025.
…
EFFORT TO BOOST PRODUCTION
Coal to India’s domestic market is mostly catered to by state-owned miners Coal India Ltd. and Singareni Collieries Company.
In fiscal year 2018-19 (April-March), Coal India achieved an output of 606.9 million mt, an increase of 7% year on year. CIL has set a production target of 655 million mt for the current fiscal year.
…
REWARD COMES WITH RISK
The average calorific value of coal that India produces is about 3,600 kcal/kg GAR and the ash content can go as high as 35%.
Concerns about coal quality could be a deterrent to foreign investors looking to invest in these mines, sources said, adding that setting up washeries to upgrade the quality of coal will be key to tap not only the domestic power plants, but also the export markets as and when opportunities arise.
…
Where do I invest? Oh, that's right... I can't.
Besides, their technology is nothing like ours and is definitely not ready for primetime; even if it was, it is not dust-free.
That DOE grant you mentioned was for R&D projects, not for technologies like ours that are already patented, proven, and ready for commercialization.
At least their technology is patented around the world... or not!
It's worth remembering that our Pristine-M test plant 2.0 will test cost savings performance upgrades and byproduct extraction improvements... not to test the technology itself which has already been proven. If we can believe management, half a dozen licensees have lined up and are ready to sign contracts once their coal is upgraded and tested.
For now, the advantage is with CCTC... unless they drop the ball... again.
ACPIC update: This morning, the Campbell County Board of Commissioners finally approved ACPIC Grant Amendment One, approving the scope changes and extending deadlines for project completion.
Grants usually come with strings attached, and in the case of ACPIC, the $1.5M grant was approved in 2017 with a June 2019 deadline to use those funds; in other words, ACPIC construction had to be completed by June 2019 or the funds would've been lost.
Problems arose when ECED decided to play double or nothing and use the state grant as matching funds for a $1.5M U.S. EDA grant. Obtaining that federal grant was going to push them past their June 2019 deadline, so they requested an extension. Unfortunately, changes in project scope as laid out in the original grant application, land replatting issues, and legal complications related to using an expiring grant as matching funds for another, led to further delays. Thankfully, the legal review is now complete and ACPIC Grant Amendment One was just approved by the Board of Commissioners (watch video @40m), so ECED/UWyo will finally have the funds necessary to move forward with construction.
ECED's press release from July 18th, "Construction on the building is expected to begin in late 2019, and the center should be operational spring of 2020." Hopefully, no more delays because Dr. Horner will be needing his new lab for testing Pristine coal and its byproducts. I'm sure it's purely coincidental that ACPIC's fate and construction timeline seem so closely tied to that of our test plant; same for its location and tenants. What was it CCTC tweeted 2 weeks ago? It's almost like they scheduled the on-site rebuild to begin once ACPIC cleared its final hurdle today.
Gillette News Record: A composite image shows Atlas Carbon, center, and the lots next to it where construction for Clean Coal Technologies' new test plant is underway and development of the Advanced Carbon Products Innovation Center. All are efforts to re-imagining how Powder River Basin coal can be used to make other products.
News Soon? I noticed a couple of minor website changes today...
a new Social Media tab under NEWS (I don't remember seeing it before), and the broken link to the 2018 Investor Presentation was fixed (it was still broken as of Saturday). Maybe that broken PDF link is not such a minor thing if they're expecting increased website traffic due to pending PR announcements.
I just added another 20k shares under 8¢. Not sure I'll have another opportunity to buy CCTC this cheap before that looong awaiting news kicks this turkey off its ass.
Trademarks and patents are two different things. I sure you now this, but readers of your flamboyant posts may not.
As dig_it pointed out, CCTI's technology has been patented around the world in dozens of countries; in the U.S. this technology was trademarked as Pristine, Pristine-M, and Pristine-SA. The expired trademark is not a big deal, especially considering they're still pre-commercial. However, you could argue it raises the specter of a potential buyout, since the buyer may have plans to change the trademark. A buyout at this stage would probably be bad for shareholders with dreams of loading up the truck and moving to Beverly, since our 52wk high was only 29¢. Hopefully, we'll break a dollar before any serious offers.
Magic-8-Ball: Will the official rebuild begin this week?
https://magic-8ball.com/#MagicBall
It answered: Without a doubt!
Fair enough... Maybe I should hold off on answering the question I posed, at least until we see another run. I did detailed calculations for earnings estimates for the next 5 years, and suffice it to say, we could see exponential growth if Pristine-M proves profitable.
Pop Quiz:
If we only sign WNP @2-MTPA and Jindal @4-MTPA in 2020, then each successive year we license JUST TWO new 1-MTPA plants and each existing plant expands capacity by a meager 1-MTPA (e.g. WNP goes from 2-MTPA in 2020 to 3-MTPA in 2021)... what is CCTI's gross revenue in 5 years? Standard license fees are $1M/MTPA + $3/ton royalty. Assume royalties start flowing 12 months after licensing, and plants are operated at capacity. Jindal is a special case; they were first and got a cut rate, and only owe another $375k for their initial license fee.
(Hint: imagine pushing a lump of dust-free coal over a snowy cliff.)
Thank you for speaking the truth!
Cartman, do us all a favor. If we see another October run, please resist the temptation to kick the golden goose.
Once investors see tangible progress on test plant 2.0, we should see significant gains, and some good press with talk of pending deals could spark another run. The first thing many investors do when a new stock catches their eye is to check out the forums to see what all the fuss is about. Smoke your magic mushrooms, think happy thoughts, and enjoy the unicorns and rainbows. Let's see how big we can blow this bubble before it bursts.
Unless I misunderstood, Mr. Eves meant six one-million-dollar contracts were expected within 12-months of commercialization...
which should happen soon... any year now!
Yes, I for one am growing very impatient... I'd like to retire before I'm too old to enjoy it.
That's the kind of press we could really use right now to spark a buying frenzy. It'll happen one of these days.
I agree... I believe it's time to put up or shut up.
If those estimates are correct, and if pilot plant 2.0 with its efficiency and cost-cutting mods is successfully tested, Pristine-M has the potential to take the world by storm.
That is not hyperbole. If Pristine-M is even marginally profitable before byproduct monetization, enhancement and stabilization claims are accurate, and this company is not bought out early or beaten to market by a competitive solution... adoption of this key technology could be exponential as every producer on planet earth will want to upgrade their low-rank coals to high-energy dust-free Pristine-M and CCTC will be profitable beyond our wildest dreams; hundredfold returns are not only possible, but probable. $$ Pristine-M $$ -- Coming Soon!
OK, time to wake up and sweep the slab.
See page 16 of the 2018 CCTC Investor Presentation...
http://www.cleancoaltechnologiesinc.com/wp-content/uploads/2018/09/CCTC-Investor-Presentation-August-2018.pdf
These estimates are based on U.S. labor and CapEx costs... and DO NOT include any potential revenue from byproducts or REMs.
PRB-Pristine-M @11.7 kBTU = $23/ton
Uinta Basin coal @11.7 kBTU = $41/ton
That doesn't mean Pristine-M coal would sell on the open market for $23... I'd guesstimate $35 creating a healthy 50% profit, while offering the buyer a 15% discount over equivalent coal with the bonus of being dust-free.
BTW, I noticed the PDF link on CCTC's OVERVIEW page is broken. Could we see an updated IP soon?
https://www.cleancoaltechnologiesinc.com/about-us/overview/
I don't believe Thermosolv has anything to do with CCTI or their technology. They are not a direct threat to us.. yet. Watch out though... if our testing is successful and contracts are signed, funding towards competitive solutions will only increase.
BTW, Thermosolv's CEO speaks the truth... I am not aware of CCTI's pilot plant in Gillette either... just a crusty old slab covered in bird poop.
I'm really looking forward to it! That slab of concrete has felt more like quicksand.
Once the official rebuild begins, and pictures are posted, CCTC investors will be on firm ground again.
With any luck, or in our case, lots of luck, test plant 2.0 will be completed
by Thanksgiving and I'll have to learn some new moves for my happy dance.
If you look at the filings, that was to pay his uncle, Sam.
It'll be interesting to see how they deal with the snow and sub-zero temps in the winter.
I don't think they'll build walls around the plant; more likely heaters or heat lamps, and throw some panels on those open framed modules.
Speaking of testing client coal and cash flow... It's my understanding that CCTI will be PAID for testing client coal. $$$