Timeline based on what we have been advised to date, gleaning from Nupan and M2M website/announcements:
26 May: Nupan science team in Washington to finalise requirements for methodology for carbon trading projects
8th Jun:First validation on methodology has made significant progress in last 2 weeks
End Jun:2nd Validation expected to be completed by Det Norske Veritas, the global leaders in validation/verification process
12th Jul:M2M & Green collar form JV to own and commercialise 1st carbon accounting methodology
Mid Jul : Scientific verifiers expected to be in PNG at Nupan project sites to complete work on the ccba vcs work will complete soon after
And once finalised and approved, the sales can commence. And by the sound of the latest announcement, we will own the methododology, hence able to sell this with companies.
We have a foot in PNG via Nupan and now with Green Collar, another foot in Asia...
All we need is to get this verification finalised and we are hopefully on our way to start being able to bring revenue to the company...
It is obviously a very involved process to get this approval. Wonder whether we will be able to pull it off in the end?
MCL Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
