Plastic2Oil Inc (PTOI)

[the big guy]

Good Get, but if you look a little more closely, you will see that the true incurred cost has been $7.477 Million with Depreciation to-date of just over 2 Million. That is how you get your Book Value number. Of this, the office equipment portion is miniscule, it is almost all Plant.

Good input. That means for Units #1, #2, and #2 the Incurred Cost is in the ball park with the SAIC Summary number of 9 Million for a 3-unit cluster.

JBI would not have incurred as much cost as the SAIC estimate, because the SAIC estimate would have been fully loaded with Union labor rates and norms, and all of the true costs to build the plant. JBI took a lot of shortcuts, used their own labor and machine shop, etc.

So you are supporting what I am saying.

The cost to the Owner will be similar to the SAIC study number of 9 Million max. JBI provides key equipment (processors..) and associated engineering , Project management, and Commissioning Support. They are not a Construction company, nor are they an Engineering house. So they would receive maybe 4-5 Million of the 9 Million on a 3-unit cluster (to use that configuration as an example).

Of that, I am guessing their Profit Margins would be 1 - 1.5 Million, based on a 20 or 30% markup.

Thanks Rawnoc!!!