Call was genuine and promising in my opinion
LM was mentioned quite a bit and I believe it was implied many times (without outright saying it) that they hope/expect more contracts with LM. Not just on on the specific part(s) in the initial contract, but other parts too. I think it is the truth when they say many times that this is a slow process and 2015 seems to be the year to prove their Berylcast technology with LM and work on other orders with LM and other aerospace companies too.
Nuclear energy initiative needs $6-$10MM and they are simply looking for a partner, so while a nice little nugget, it is not a main initiative.
All in all, I believe we are much better informed than yesterday. Sales are actually doing well and we are in the production phase with LM and awaiting word of other contracts either with them or other companies. So that is a big positive in my book.
A key statement that Dutton said was that "tooling contracts are a milestone to production." Meaning that a buyer doesn't initiate that far along in the stage without a very serious intention of a final contract. When asked on the call what tooling contracts they have out there, he said he couldn't answer that question obviously (for compliance reasons). I just hope there are other tooling contracts in the fire right now. So that is my nagging question.