Plastic2Oil Inc (PTOI)

[jjsmith]

Wrong. The claim was 2,500 in the next few years so if you want to give John the benefit that a few years means 5 then you have 5 years X 2500 X 365 X 40,000 = 182.5 BILLION LBS of plastic X $.01 = $1.8 BILLION dollars of suppossedly free plastic. But if you use a more accurate price of plastic, especially after watching the video, which appeared to show CLEAN SHREDDED plastic which probably goes for at least $.20/lb then you have $36.5 Billion of free plastic. Sound unrealistic? Yeah I think so, but I wasn't the one making the claims of getting all this valuable plastic for free.

The whole crutch of P2O relies on getting free plastic. And I don't think just any plastic will do. It has already been discussed that the DEC is not gonna allow them to put just anything they want in the machine which is why they had the stack test to begin with. If they want to use the free contaminated plastic, then they must do the stack test with contaminated/possibly toxic plastic. All evidence so far points to the stack test was done with handpicked plastic. If it wasn't then the company should have said that in the PR. Therefore they have to know exactly what is in the feedstock before putting it in the machine. They can't just throw plastic with toxic residue into the machine, so it seems logical that only CLEAN WASHED plastic will be allowed.

Still haven't found anyone that is giving away free washed plastic at a rate of 36 BILLION LBS PER YEAR.

jjsmith,your math is FAR, FAR, FAR from correct:

I'll help you re-do the calculation starting with the figures you uttered:

1. 2,500 sites in 10 years (that's what has been claimed)
2. Each site has been claimed to convert 20 tons of plastic per day = 44,000 lbs per day
3. This means that in the tenth year from now they are able to convert 2,500*44,000*365 per year. In the previous years this will be less, because the amount of sites are lower, but increasing.
Your calculation goes wrong where it includes a factor 10 in the calculation!
4. The value of waste plastics is NIL as proven 100 times on this board. BUT, for comparision's sake I'll use the 1 cent per lbs which you used. In that case the value of the ENTIRE feedstock used in year 10 equals the PRESENT VALUE of the purchased plastics in year 10:
(2,500*44,000*365*$0,01)/(100% + inflation %)^10, which is equal to $329 million, which is FAR from your calculation (assumption: inflation is set @ 2%).

BUT, and there your assumption goes wrong AGAIN, nowhere has been stated that the ENTIRE plastic for year 2020 is already contracted!!! The 329 million equals the value of a contract (not an LOI) for ALL OF THE PLASTICS IN YEAR 10, PURCHASED FOR 1 CENT/LBS. Where do you get your info from? Link please!

But I am glad you are getting the picture: JBII will be HUGE and you know it.