I think your statement is half of the equation related to CLME's future stock price. Investors will need to see progress by CLME but this will be enhanced by an increase in the pps. According to the statement below by the Harris Group the science and economics related to CLME's process are sound. This leaves us with one more critical factor that is necessary for the development of this new technology. Raising the necessary "capital" to build the first biorefinery. This last and very important factor is positively infleunced by an increase in the pps. Momentum is key for new technologies and I think CLME is well positioned to ride the wave. It has been and still is a risky investment but the upside is staggering. imho
Despite these risks, a respected engineering firm, Harris Group Inc. conducted a three-month-long preliminary engineering study of CBEC's plans that yielded favorable results, suggesting the company move forward with full-on engineering and construction of its first refinery. Doug Dudgeon, manager of process solutions for Harris, says the engineering firm will continue its role as owner-engineer on the project working side-by-side with CBEC's scientific staff. "The goal of the study was to give them a total technical and economical evaluation," Dudgeon says. "After looking at their plans from top to bottom to see if it made technical sense, and if they could make money doing it, we believe it's worth continuing to develop. Rice straw presents some unique challenges because of its silica content, but their business plan turns the problem into a valuable coproduct."
