Kraig Biocraft Laboratories Inc (KBLB)

[jealmc79]

“ think he sees a $9-10 bil valuation in a $9-10 bil industry...”

It cost a Chinese company $50 million to build a state of the art silkworm facility several years ago that was designed to produce 200 metric tons of silk a year to supply it’s already in place tie making operation. It would probably cost KBLB twice that to build one like it in the US now with zero other infrastructure around it.

200 tons x $250/ton(very high end)=$50 million

After expenses I don’t know how you get to $10 billion valuation with that. How much money did you say the AF was giving them? Still going to need somebody else to actually turn the silk into a useable product. I can’t imagine how long it would take if we had to wait on KT to do it.