Plastic2Oil Inc (PTOI)

[tykundegex]

P2O per-site profit calc for JBI:

1 site = 2 processors = 20tons / day (minimum, as that's only one 2-hour batch each)
20 tons/day = 20000 liters/day = $9400/day (@$75/barrel)

9400/day = $2.4m / year (260 working days / year)

65% of that goes to JBI, or $1.59m worth.

If you consider for that price JBI takes care of training & maintenance/monitoring of the processors, and that they probably spend no more than 15% on it, then it would net:

$1.3m / JV / year

Assumptions: feedstock cost is zero; fuel pick-up is included in the barrel-price

And taking into consideration the "35% tax" John spoke about on the WallStreetReporter interview, ... $1m / JV is a safer bet.

Still, plug even half of that into the "2500" or so sites they want running in the next few years, and PPS looks projected to soar from where it is today.

S.