RE: Conf Call and Beldune question for the boardI suppose I have pounded on the Bennett management enough for now so perhaps it is time to mention some of the positives as I see them from the call.
There are several other USA Superfund projects besides the monstrous NJ Creosote project that BEV is working on now coming up for bidding. One large project that is still up for bid is expected to start in summer 2005. BEV has a very good chance of winning this contract and the others that will become available.
BEV has done 4 contracts now for the Cdn government. Since the federal government recently allocated $4B over 10 years for national cleanups and many of these will be for work suitable for Bennett's business, I suspect that the governemnt has already defined internally what these targeted sites should be and will need to get the work under way soon. We were told on the CC that bidding for these contracts would commence later this year.
If you consider these comments combined with the 400K tons in the backlog, it would certainly appear that BEV does indeed have huge amounts of business ahead of it and another facility either in KL or in the USA will make sense sooner rather than later. Hopefully we will eventually get to a point where there will be no concerns about temporarily running out of soil and we can sit back and enjoy the strong cash flows that we see being generated from this business. Cheers!!!