Could be the math. Article says $57 million for 50000 tons per year for five years. Could be $57 million over all 5 years. Need to look at the specifics.
As far as bio char I'm sure it works, but how is it any different than wood ash? As you say they give it away so I don't see any competitive advantage. Potassium is potassium no matter what the source.
I think this is what we have all been waiting for :)
From the MD&A filing on 10-28-14 under "Our Business Plan"
"Agreements in principle have been reached with two potential clients. Each one is looking to secure 250,000 tonnes of pellets per year. In One case, we are awaiting the agreement to be issued by their legal department outlining all terms and conditions. Once our review of document is completed, we expect to EXECUTE THE CONTRACT."
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