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. "
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."
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.
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