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Thursday, March 21, 2013 9:37:01 AM
Pick and choose your numbers to make it 'feel' good-
The 10K says JBII made in-spec petroleum diesel fuel for $2.09/gallon in 2012. That's even with all the costs, "excuses," trials, stack test, and whatever problems and associated costs throughout the year, they still made in-spec petroleum diesel fuel for $2.09/gallon and sold it for $2.64/gallon.
Problem is that they also made #6 and naphtha that they LOST money on.
When you average the output-
NEGATIVE GROSS PROFIT FUEL SALES
The 10K clearly states that they LOST money on producing fuel.
When the price of plastic is HIGHER than the value of the fuel you can produce it doesn't matter how you massage the numbers, overall P2O has a NEGATIVE GROSS PROFIT FUEL SALES
Bring on processor #3... WTH, and 3 more.... LOSE MORE MONEY
It doesn't matter how many processors run at an average loss,
as long as the plastic value is greater than the fuel value,
ITS STILL AN AVERAGE THAT AMOUNTS TO-
NEGATIVE GROSS PROFIT FUEL SALES
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