Plastic2Oil Inc (PTOI)

[tykundegex]

Regarding revenue estimates for P2O...

In the article guzaling posted a few days ago (link below), in an interview with J.B. it states:

"The initial plant is expected to get through up to 20 tons of scrap per day."

So if we assume "up to" here doesn't refer to a "rated output" but rather a realistic and expected volume for a working day:

20 tons = 20000 kg = $6000 worth

so 25 JV's running 50 processors = $300k / working day

with 50% profit and 65% franchise fees, that adds up to about $22m / year in JBI revenue for the 25 JV's they're setting up now.

S.

http://www.canadianmanufacturing.com/plasticsincanada/news/industry/article.jsp?content=20090924_110713_6584