RE:RE:Gasifcation companiesI found this in the last Scarsdale Securities report FWIW: Management provided long term guidance for gross margins of 35% to 40%, which it expects to achieve on a go‐forward basis. This is significantly higher than what was achieved on the sale to Air Products on the Tees Valley, which appears reasonable in the scope and importance of the project. The higher guidance may reflect later transactions and pricing power earned through commercial production at Tees Valley. Management appears comfortable with operating expenses at about C$10 million per year, though noting that expenses were slightly higher in the quarter due to marketing activities, they hoped to be cash flow positive in the second half of 2014. Management also appeared confident on the liquidity of its balance sheet on the recent earnings conference call, with respect to its sales pipeline. Alter NRG management was pleased with an expanding and maturing sales pipeline. They noted a gross pipeline of $4 billion, or to $1.3 billion if refined to include only more advanced and active opportunities. This would appear to us to translate to a market opportunity of $4 billion with a cumulative target penetration of $1.3 billion. Considering earlier guidance from the company of $30 million in 2014, Alter NRG may experience strong growth upon execution.