Ecomike:
I'm not sure if you read it incorrectly, or we are just interpreting the latest PR differently, but it doesn't say they are making a larger quantity to produce this sample. It sounds to me that they are starting to produce this larger quantity because they have proven their technology works in commercial scale and a JV deal is immenent. Because of this, they want to have this larger quantity ready to go asap when this diesel sample is completed. Here is the 4th paragraph of this latest PR:
Byron Elton, Carbon Sciences’ CEO, commented, “After achieving very positive commercial test results for our catalyst, we are moving ahead aggressively to accelerate the production of larger quantities of the catalyst, as well as completing the technical and economic analyses in preparation for discussions with strategic partners. Working with the GTL experts at our engineering firm, Emerging Fuels Technology, we also plan to demonstrate an end-to-end process that will produce samples of diesel fuel that can be used by existing diesel vehicles.”
To me, he mentions three different things...
(1) moving aggressively to accelarte production of catalyst
(2) completing the technical and economical analysis
(3) diesel fuel sample
It doesn't say anywhere that they need the larger quantities of the catalyst to complete the sample. I took this paragraph as meaning they KNOW the sample will come out as planned and they are already working on the next steps. If they didn't really know this diesel sample would come out as hoped, why would they even work on the first two steps I noted above?
Additionally, I don't know if you listened to the recent interview I posted with Byron, (this week) he noted that the sample will be completed in the next 30-60 days.
Finally, they noted in this last PR they had OVER 600 hours completed. They released the PR April 13th that they brought on EFT to do the commercial testing. When they actually started the commercially testing is a question I don't know, but from that PR on 4/13 to this PR on 6/6, roughly 5 weeks, they completed 1/3 of the 2000 hours of commerical testing I believe they wanted to.
I'm really starting to believe in their aggressive timeline which Byron laid out for 2011. It looks like by the end of the summer, the only thing left to do will to be to find a JV partner and start building plants. I'm not sure if anyone remembers exact dates that Byron mentioned about a year ago as to when cars in this country could be running on gas from their technology, but I believe he said end of 2012 or early 2013. These dates look more reachable then ever with the recent movement this company is making
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