Also keep in mind that the cement industry, LaFarge, and others like the petrochemical industry move very slow!!!!
MVTG needs to make 110% sure that the first MVTG-PP-ERC is a screaming success, the best it can be, which seems to be a moving target, late or not.
Between Dec, 2011 and Summer 2014, the MVTG stock price refelected a 7500-16,000% increase while the Lafarge ERC was delayed for additional R&D efforts that improved the design and lab scale performance by an order of magnitude (10X). The market recognized the value of the increased performance inspite of the MVTG-ERC-LaFarge-PP delays. The market also recognized the value of pending patents being issued..... So delays are not always a negative!!!! MVTG has 5 + 2 pending patents still....
During the 4 year ERC-LaFarge-PP delay MVTG has worked hard to defer the cost of the PP by aggressively improving the design to reduce the foot print and capital cost, and by pursuing partners to help fund the PP, like Alstom-GE (which was a success in late 2013 and took a year to negotiate and close the deal), and like the recent major Canadian grants of about $249,000 to MVTG's R&D...and MVTG has other grant applications pending.... Alstom has already agreed to fund and paid part of up to about $1,000,000 in funds to MVTG since the 2014 year contract started....and that is ongoing, having just entered phase 3 of the contract.
Wasting time is not good, taking time to do things right is not a waste of time!! Rushing to meet an artificial self created target date and making mistakes due to the rushing, is not the way to go!!!!