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Net-Man

08/04/10 1:32 PM

#29520 RE: Fasctrack #29517

Fasctrack...I couldn't agree more. The reality though is what ever level of machines do get purchased/installed, it likely won't take place in earnest for a year or more. My thought is 2 more MF-777's will be built over the next 6-8 months and it will grow exponentially from there over a period of 5-10 years. Banks and investors will need to see results prior to committing the capital needed for the equipment and plant. Considering the commissions and 50/50 revenue split, FASC will certainly have significant revenues and a continuing annuity value

While those projects are moving forward, I would also anticipate more news from Latvia and MnVap. Each of these is a strong possibility for additional, multiple purchases. And as always, FASC surprises come out of left field.

In the short-term, my expectation is to hear about a multiple sale(s) and a revenue projection for the current fiscal year of $3.0 to $3.5 million. This does not take into account any annuity value that may come out of the QL partnership due to pellet sales.

PPS will grow over the next 12 months to 0.18 - 0.24. There may be higher spikes in between. With significant news of multiple machine sales in either Malaysia, Latvia, and/or MnVap, PPS could move to 0.50 - 1.00 in the next 12 months. As sales into the bio-mass and bio-ethanol industries continue, further exponentiation of PPS is possible due directly to increased sales and annuity revenues.

Right now though and based on what is known, $5/pps is a couple years down the road still.

fwiw,

Net-Man