PESI - I think the subtle announcement of the IDIQ contract with DOE to demonstrate the treatment of high level waste mentioned on the Q1 earnings call has a bit to do with the run. I like how Dr. Centofanti mentions it in about 2 sentences during the initial discussion, then dances around / downplays the potential throughout the Q&A. He does confirm that we're the PRIME and the intent of the current contract is just to prove that PESI's science is solid. You can tell he's excited, but is trying to be careful and practical.
That said, if it leads to significant high level waste treatment in 2017 and beyond for DOE, this could be a really big deal. I'll have to listen again, but I think he said that DOE has between 50-100 million gallons of waste that would be easily treated, and Perma-Fix would earn about $50 per. That some serious potential if this proves successful.
On the other hand, sounds like the Medical Isotope tc99 process is behind schedule and that we really won't get close to any kind of revenue stream until 2018 at the earliest (assuming FDA approval, etc). Sounds like they're re-testing curie levels now. I didn't catch why the original tests weren't good enough, but evidently they need to re-test with proper protocol to satisfy FDA.
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