A reverse merger with a reputable un-listed company could be very valuable. Take a look at the previous price action with MGT or KBIO. If you search an aerial view of the CBYL location on Google Maps, you'll see that they're in an a lucrative location with many reputable companies surrounding them.
Doesn't GEVO already have a bio-refinery facility that is in production mode? Maybe they'll announce that they're applying for some of this grant money as well as new Govt./Private contracts to supply biofuel to vehicles.