Monday, June 14, 2010 11:46:31 PM
The CC market has ebbed considerably since Copenhagen last year.
Countries are starting to balk at the huge cost of carbon reduction efforts in light of other huge economic conditions.
That being said as I have posted links, several countries are planning their own carbon trading platforms and one country was paid over a billion in a plan to preserve its forests if memory serves correctly.
The carbon market will rekindle.
Our test plot continues to grow and those trees may also be sending out new shoots that can be planted to expand our CC Project.
Ideally a forward sale of a CC project funds the entire project and purchases the CC to be produced from that Project.
If the company can slowly expand the curent CC Project without funding, by the time those trees are mature the entire Revenues from the sale remaining will become Revenues that can be used to administrate the project and used in other applications of SGCP including the purchase of additional mining equipment.
There has to be a buyer for the project to sell. If there isn't one at the moment there is no need to panic.
The trees are continuing to grow and the CC Project can continue to develop without the sale of our CC's.
It will just progress slower at the moment but will start to put us miles ahead when it comes time to manage our larger Projects.
We will already know growth rates, soil prep, yields and a lot more just from managing the first test plot.
The sooner SL1 sells the better but it may take a while yet.
eye
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