They said "loaded up with costs" -- that meant cost of goods sold to me. I've been studying thousands of companies in the market from OTC all the way up to NYSE DOW stocks, and I've always heard cost claims to be cost of goods sold.
When Walmart says they buy six packs of coca-cola for $1.00 and sell them for $2.00, they aren't including overhead obviously.
That said, I wouldn't be surprised if JBII can make fuel at some point in the future for less than $10 per barrel INCLUDING overhead when they have lots of processors running and are able to enjoy efficiencies of scale.
Heck, if you want to get technical, the JV partners may be cutting them a check which is 100% profit. But I won't bother going there.
Market Data 
Markets 
