Post by
Buckhorn79 on Apr 28, 2016 11:48am
Phillipines moving forward with fuel marking
https://www.mb.com.ph/customs-to-proceed-with-fuel-markings/
Looks like they want to move fast from this point, possibly August at costs of $25 million! Things are looking up!
Comment by
Spiegel62 on Apr 28, 2016 2:22pm
Note 25 M (USD) is about 31.3M Canadian ,5% of which already slightly higher than 1.5M minimum commited annual royalty payment from SICPA to EUO, and that is just from one single country (placed 42th on World's oil compsumption yearly ranking).
Comment by
thedon on Apr 28, 2016 7:05pm
Spiegel62: This could be judged a bit of apples and oranges here, but we may be able to use the Phillipine contracts value as a benchmark? If so, the $31.3 million stated value could be multiplied by 7 times for the size of the Mexican contract? When we finally see it, this could be worth $11 million to EUO, for every year it is in place!