What should you take from GESI's update released yesterday?
Green Energy Solution Industries Announces Conclusion for Renewable Energy Project Funding
"...GESI’s project funding has been confirmed."
"We have secured the funds to complete and pursue this Joint Venture with GESI..." http://ih.advfn.com/p.php?pid=nmona&article=57013188
There it is in black and white, confirmed, completed, concluded. What was this funding agreement again?
"...$50M irrevocable funding, for the construction of a gasification facility which will utilize waste railway ties for production of Green Electricity in Alberta, Canada. " http://ih.advfn.com/p.php?pid=nmona&article=55746757
Say that out loud to yourself right now: $50 MILLION EQUITY FUNDING AGREEMENT!
So, why build a gasification facility to produce electricity?
"...to achieve a projected $9,000,000 (Canadian Dollars) revenue from sales of electricity through peak pricing through direct marketing of the energy by application and participation as a direct wholesale market participant for sales of electricity into the Alberta market." http://ih.advfn.com/p.php?pid=nmona&article=52759118
A $50 million asset coupled with at a potential of $9 million in revenue generated annually...it becomes easier to see the big picture valuation potential for GESI as a long term investment. And this is only taking into consideration one gasification facilty. We haven't even touched on expansion once this first facility is up and running.