Biomass Secure Power Inc. (BMSPF)

[I4C6S]

It's even better than that. The $37,500,000 agreement is for 10 years, making it actually worth $375 million in total. Not too bad at all for the first contract! Shouldn't be a problem to get funding for a new plant with the guarantee of such a huge customer.

BMSPF would obviously have to satisfy LG that they can supply the pellets by next year, and of course they still need to deliver on that promise. BUT, I would think that LG has done their DD before signing, and something must have convinced them that this will happen. They would certainly be privy to Jim's plans before we hear about them.