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Tuesday, 02/06/2018 3:52:40 PM

Tuesday, February 06, 2018 3:52:40 PM

Post# of 52858
Corn Oil Extraction Surging Across The Country...

February 05, 2018: Corn use for ethanol up in December


Updated Numbers December 2017...
"At dry mills...Corn oil production reached 174,106 tons...up from 143,942 tons in December 2016."

http://ethanolproducer.com/articles/15018/usda-corn-use-for-ethanol-up-in-december

Updated Numbers Novemeber 2017..
"At dry mills...Corn oil production reached 175,219 tons, up from 139,314 tons in October and 147,336 tons during the same month of the previous year."

http://www.ethanolproducer.com/articles/14942/usda-corn-use-for-fuel-ethanol-up-in-november

Corn Oil Now #2 Biodiesel Feedstock...
"Corn oil production – which recently nudged out yellow grease as the second most used feedstock in US biodiesel production – was broadly unchanged versus November’s production and up 30,000 mt on December 2016’s figures at 174,106 mt."

https://www.agricensus.com/Article/US-grain-crushing-shows-increase-in-corn-use-as-alcohol-demand-picks-up-744.html

.
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175,000 tons on an annualized basis = 4,200,000,000 pounds of corn oil extracted annually using GERS' patents. The industry is generating nearly $1.4 billion in revenue from corn oil. The statement on GERS website has now doubled in volume/value
.

"GreenShift’s patented process is installed at over 80% of the corn-based, dry mill ethanol facilities in the United States, producing roughly 1.8 billion pounds and over $700 million in annual revenue."


Subtract roughly $.09 per pound for operating costs, we can entertain various royalties based on added value to the producer.

Based on $1 billion added value, GreenShift's annual royalty going forward would be...

X 20% royalty $200,000,000 / 20,000,000 shares X PE 5X = $50 PPS
X 7% royalty $70,000,000 / 20,000,000 shares X PE 5X = $17.5 PPS
X 2.7% royalty $27,000,000 / 20,000,000 shares X PE 5X = $6.75 PPS

PPS excludes any back royalty/settlement.

20% is based on GERS' previously desired royalty.
7% is based on the so called "industry standard" patent royalty.
2.7% is based on a subtle change in ICM's projected income. From $7.6M to $7.4M. An unexplained difference of about 2.7%.


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