Ann: JinHong Joint Venture Progress Update, page-7

I think its only a matter of time before CNX gets re-rated. Their technology is proven so there are no doubts about that! its only a matter of determining where it will get used. If the Queensland government keep twiddling their thumbs and procrastinating, I am confident that at the very least it will get taken up elsewhere around the world and China would seem to be their first customer.
You only need to look at the recent independent analyst report that valued CNX at $0.23/share. That's 15 x the current share price. The analyst report has placed a conservative (60%) initial target price on CNX of $0.14. This is still almost 10 x the current share price. It won't take too much in terms of a positive announcement to get CNX moving.
One suggestion I would have for the management of CNX is to update shareholders a little more regularly even if there isn't any big news ....... when shareholders don't hear any news they start to lose confidence.