Biomass Secure Power Inc. (BMSPF)

[PhillipD]

I'll be the first to admit that I don't know the first thing about constructing a pellet mill or what it will cost but I have been involved with public works construction projects for about 15 years. Actual construction costs fluxuate temendously based on region, cost of building materials, debt servicing costs, current economy, etc. I've seen projects with a $900,000 engineers estimate come in at $2 million and vice versa. The thing that BMSPF has going for it is a lot of unemployed construction workers willing to work cheap, oil is reasonable, transportation of heavy materials can be offloaded by barge, the construction cost index for Baton Rouge I'm sure is cheaper than here in California,and environmental permitting and mitigation is likely minimal in La. They could have flood plain studies that need to go through FEMA, but I imagine that's an area that has already been studied to death and their project would just be an adder to one that has already been done.

What bothers me more than anything is the overly ambitious construction schedules and timeframes we keep getting. In my eyes they've lost more credibility on that front and that's why I follow this stock so closely. They're plenty of eyes on my large cap stocks to keep them honest, but with penny stocks, you can lie and get away with it.