Thursday, August 21, 2008 12:55:51 PM
Mr. Michael McLaren states, "We have completed first run tests of various feed stock in our plasma assisted biomass to liquid fuel plant with resounding results." He also stated, "The tests showed that we are able to produce a quality liquid fuel product for as low as $0.14 per gallon or $5.88 per barrel base manufacturing cost."
W2 Energy continues to push forward on the scale-up construction of our 100 BBD plant and feel confident the plant will be able to produce sample runs of product by Q1 2007. W2 Energy currently has approximately US$1.7B in production requests for their diesel product. With approximately 97 Million shares outstanding this translates to a per share book value of $17.50 per
http://newsblaze.com/story/2006072504384800001.pz/topstory.html
My notes: Now at 20m O/S it comes to a book of $85/shr and the funny part is it could happen.
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