MMEX Resources Corp (MMEX): Here's a link to a 3-2-1 Crack spread ca...

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MMEX Resources Corp (MMEX)

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Re: rbtree post# 47074

Sunday, 04/23/2017 3:58:13 AM

Sunday, April 23, 2017 3:58:13 AM

Here's a link to a 3-2-1 Crack spread calculator.

http://www.cmegroup.com/tools-information/calc_crack.html

The crack spread for the past week has been between $48-54 per barrel.

If the refinery ran at optimum capacity 365 days a year, which isn't realistic or likely, the revenues would be approximately $51 x 50,000 x 365 = $931M

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