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Re: Steady_T post# 78509

Wednesday, 11/24/2010 9:18:50 PM

Wednesday, November 24, 2010 9:18:50 PM

Post# of 312026
No it does no please me. I am just telling people who may not know the way it is. when someone talks about how much something "costs" they are talking about the whole thing, all necessary labor, equipment, hours, etc.

You have got to compare apples to apples. If I understand it correctly, the processor is the most important component of the JBI system. it is the apple core... LOL. There are also shredders, the gas compression system, the hopper, the control system... which will result in a total of 300-400k for equipment. The rest follows and is easily verifiable by looking at the financial statements.

No one else but supporters of JBI on SMB have ever stated the "cost" as being 200k and compared it to other systems at 4M. I think even JBI is more accurate.

My logic is quite correct, this type of estimating is known as parametric estimating.