Ann: NCF appoints Blooming to launch technology into China, page-9

I think it's good buying at these levels and evidently other people thought so today as well.

In the immediate term - one steel plant, according to the recent announcement, will produce ~400,000 tons of methanol annually.

In the previous graphic, we can get a rough calculation for the value proposition this represents for just one plant.



So 321,888 tons/year of methanol should represent $140m revenue per year for the plant using the technology - of which GER (aka VIV) can expect a measly $1.4 million per year in royalties.

$1.4 million per year for just one plant's output of methanol from the technology is pretty good! And it scales upwards.

Maybe in 2019 when initial progress rolls in we won't need to worry about capital raisings anymore - and the lighting side of the business can just keep growing organically financed by the CO2 royalties.

Of course, if a carbon tax is ever introduced, the economics get even better here in Australia.