Alto Ingredients Inc (ALTO)

[kel3]

Wet Distiller Grains 65%







excluding the revenue that can be pocketed from the sale of dried distillers’ grains,producers are losing 31 cents on each gallon

data collected by Bloomberg

WDGS $83 to $112 per Ton,CA. Is a lil More
http://www.ams.usda.gov/mnreports/lswethanol.pdf



According to AEMETIS Conf. Callhttp://www.aemetis.com/wp-content/uploads/2012/12/Aemetis-Business-Update-Conference-Call-2012-12-20.pdf

Imported Argentina Milo .90c Cheaper than Corn for Stockton Plant at 1/3 Ratio

.90c/2.8 Gal per Bushel = .321c

.321c per Gallon Produced with Milo

1/3 Milo to 2/3 Corn

.321c/3 = 10.71 c per Gallon

Cheaper Ethanol at Stockton Plant = .1071c per Gallon

Stockton at 83% Running Capacity from Slow Down = 12.45MG

12.45MG x .1071c = $1,333,395.00

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1/3 Of Corn Cost Recovered by DDGS

1/10th for WDGS

$6.93/10 = $0.693c

$0.693c/2.8 Gallons = .2475c

Milo $ for Stockton per Gallon = .1071

Stockton milo $ Amongst the 3 Plants

.1071c/3 = .0357



.0357 milo $ + WDGS .2475c = .2832c


.285c Covered by WDGS and Milo
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That Is being Conservative with
WDGS Revenue at 10% Of Corn,Much More are Produced than DDGS
because the Water is Not Dried Out.

Wet Distiller Grains are 65% Water

Could be 11%,12% or 13% Of Corn Price