Logiq Inc (LGIQ): IRIS waste-to-energy project in Phuket h...

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Monday, 06/17/2013 3:33:41 AM

Monday, June 17, 2013 3:33:41 AM

IRIS waste-to-energy project in Phuket has 80% gross margins. I have a friend that does construction financing in SE Asia.

his firm looked at the IRIS project and the original financial projections, based on local municipalities purchasing the energy from them, were between 70-90% gross margins...

they took another look earlier this year when the company was trying for refinancing an sure enough, they are tracking on projections.

furthermore, they are only operating at ~80% capacity so there is room to grow revenues up to around $20mm.

bear in mind, this is the first of many projects that STOA/IRIS will have in the region.

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