Plastic2Oil Inc (PTOI)

[the big guy]

You are not a company and the hot tub is not a Capital Project, although you should treat it as such.

You are correct that all the accoutrements, etc are custom, but that is part of the game in Capital Projects. Every one is different. That is why we do an Estimate preceding. I am sure that when you considered the cost of your hot tub you took into account installation and associated plumbing.

I regularly see comparisons of JBII's P2O processor with the cost of other P2O setups. I see numbers like 4M for others (Envion?). Now in reading those I am almost 100% certain that the 4M is the total Capital Cost. If it is NOT broken down or if that breakdown is unstated, you can bet that that is the total capital cost.

I can only compare to a typical plant at the air separation (industrial gases) company where I worked.

I worked on a 12.5M plant upgrade. Of that:
- 3-4M = equipment. One main piece, a 2M LR Tank. This is similar to the P2O plant, with the processor being central, but there is also analyzers, other equipment. So it is 30% of cost.
- 3-4M = Construction and other contracts. This is the cost to build the P2O plant. We can see it in the financials... along with the above equipment. So construction is another 30% of Cost.
- 500k = Engineering. This is to support the construction and to do custom work per plant. Islechem is equivalent and you can see the numbers in the financials.
- 500k - 1M Commissioning/ Startup. You can see this money being spent as well....
- the remainder is Project management and other costs.

so using the 200k as a benchmark.. I have guessed that the Capital Cost of the P2o plant is 1-1.5M. the 3-processor configuration is likely 1.5-2M. I looked at the financials and they support the above conclusions, although the numbers for cost are all over the place.

Similarly, each air separation plant is different or custom in some way, although we had certain defined pieces of equipment and configurations. There is a balance.

On that basis, to say that the JBI Plant costs a mere 200k while the competition is Millions of dollars is a flat-out lie. It is playing with words.

Hope you are enjoying your hot tub.