Plastic2Oil Inc (PTOI)

[the big guy]

Cost of Feedstock

I am surprised that no one has seized the opportunity to discuss the cost of feedstock. In that CNBC video last week they revealed the cost of the shredded plastic. This the pure plastic input that is I believe most desireable for JBII.

I did not get the whole thing and don't have the technology with me to replay the video. I know the price quoted was 0.50. I believe it was for the equivalent of 20000 shredded bottles. I think a weight figure was given, but that is what I missed. Perhaps someone less technologically challenged could go back and get the figure.

Anyway, going to the web, 1 20oz bottle weighs 23.83 grams...

We know that the processor can process 20T/day of plastic and produces 110 barrels of whatever.

1 lb = 454 grams.

1 T = 2000 lb.

1 lb = 454/24 = 18 bottles.

20000 bottles = 20000/18 = 1111 lb

So, 1 T costs about a buck. (2 times .50)

20T costs 20 bucks, therefore feedstock cost = 20 bucks/day.

According to JB, is cost = $10/barrel and output = 110 barrels/day.

Total cost = $1100 then.

Feedstock cost = 2% then. I guessed anywhere from 5% to 10%. And if total cost is higher as I think it is, the % is lower still.

Point being, all this talk about cost of feedstock is tangential. It is not a cost issue. The only problem may be access to enough feedstock (10T is alot), but not cost.

If anyone can validate my numbers that would be great. Just puttin' it out there.. who can read the video back? It is the guy that makes shirts from plastic..