I've already been bugging the Port with public information requests. The bond authorization for Drax doesn't mention BMSPF at all. The August Board meeting that BMSPF was at asking for an exension of their lease option had an update of all of their progress to date, but a lot of unresolved issues. The one piece of good news is that BMSPF is now sponsored by Canaccord Genuity and apparently working toward the TSX. My gut feeling is they don't have the manpower needed for a project this large, but did have a consultant in Lousiana working on it (as of August). Jim's interview at the same time with Biomass Magazine and what was reported to the Board stated they were still on track to break ground in December. The fact that plans haven't been submitted to the State Fire Marshall makes me think it isn't going to happen unless the plans were rolled up with the ones Drax submitted (which I don't think happened).
Anyway, I'm done bugging Port staff for now (they have been more than accommodating) since even if I did find out something definitive, I wouldn't be selling at these levels. I'm not sure what else to ask them anyway. They were cryptic about a potential lease option on the other side of the river, but I suspect they didn't put anything in writing to make a public information request on.
Phillip
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