Amarin Corp Plc (AMRN)

[SonamKapoor]

Thanks, fun to be here. I've enjoyed reading your posts this week, too.

Krill, quick sketch -

Biomass: nobody really knows so wide estimated ranges for Euphausia Superba - usually though 379,000,000 to 500,000,000 mt

Annual catch: around 300,000 mt

Oil yield: 3% likely closer to 5% since Aker typically uses best-in-class separating/processing equipment (but I'll be conservative)

EPA from oil yield: 12-13%

300,000 mt x .03 = 9,000 mt oil
9,000 mt x .12% = 1,080 mt EPA

Typical market prices for KO (crude krill oil, naturally semi-refined): $25,000 mt

Source on catch CCAMLR (scroll down to see chart on historical catch) www.ccamlr.org

Source on EPA yield from Aker (see slides 21 and on) - aocs.files.cms-plus.com/Meetings/Affliated/N.Holem_%20CompositionofAntarcticKrillOil.pdf

Lots of intriguing fractions from krill being researched and developed...