BioNitrogen Holdings Corp. (BIONQ)

[Longgg]

In the earliest investor updates released by BION they claimed to be able to produce product at $100/ton while traditional manufactures of Urea was $320/ton, that was prior to Casale technology increasing throughput efficiency by 75%. If either of those claims are anywhere near the truth perhaps that they really could be in that range?! I looked the average NOLA Urea price for the last two years and it was $345, so the question is can they produce Urea for a total cost of $67/ton? I don't have deep experience in this arena, does $12M total cost to produce 179,400 tons sound realistic to anyone? If they are sold out for 25 years then there isn’t much of a sales/BD budget required, plant manpower is nominal at ~35, feedstock is wood chips (got to be cheap or free?), they have substantial tax protection for 10 years, and the plant is something on the order of 1/10th the capital investment of a traditional plant. One can hope…