My guess is, we are looking at maybe a few weeks to resolve or replace the remaing DOE grant funds, then maybe 12-15 months to get Fulton built and proven out, before they are likely to begin building more plants.
Of course, once the grant is resolved, the BFRE price should go to many times its current level. Also, BFRE would then morph into a growth company, selling at fairly high multiples, as other nations see the potential of the BFRE process for ethanol and other chemicals available from their unique cellulosic process.