Monday, December 04, 2006 1:48:55 PM
Better Biodiesel Inc.(BBDS.OB) is currently trading for $7.90. Of course, they only have 30.5MM shares and they started production in May of this year, but you can get an idea of how the market is likely to value USSE. Here are their stats:
Estimated Per Gallon Production Cost Projections for 1st Year
Biodiesel Production
COST PER
ITEM GALLON
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Feedstock Oils (50% virgin, 50% used oils) $1.75
----------------------------------------------------------------------
Methanol .10
----------------------------------------------------------------------
Electricity .02
----------------------------------------------------------------------
Technician Labor .03
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Cost per Gallon $1.90
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Initial production at our Utah facility began in May of 2006. Better Biodiesel, based on its evaluation of its production facilities, projects that it will have 39 million (or more) gallons of production capacity by the end of Spring 2007.
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