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Re: snow post# 171523

Monday, 03/19/2012 11:34:29 AM

Monday, March 19, 2012 11:34:29 AM

Post# of 312101
All in line with expectations for me
- figured $1m installed from the outset, when it was touted at $200k (but output doubled now and sited in pods of three)
- have always used $20-25/bbl including 20% downtime and don't see any reason that won't be proven pessimistic over time
A small manufacturing shop can only make so many at a time (Exxon don't build refineries and JBI won't either at some point) so we'll need to be patient on rollout
Assuming the above can be demonstrated any further dilution should be unnecessary - oil companies don't need to issue shares to buy a drill once the field has been proven - nor should JBI once the economics per machine are unquestionnable
Looking forward to that day...
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