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Jeff12406

08/24/14 5:38 PM

#25095 RE: Ecomike #25094

Slow and strategic accumulation does seem to be occurring
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tdtcal

08/24/14 7:48 PM

#25099 RE: Ecomike #25094

Per Mantra's publications:

100 tons CO2 / day or 3000 tons per month per ERC unit

CO2 Carbon Credit of $10/ton (up to $1000/ton) = $30,000 per month

X .06 royalty = $1800 / month

CO2 to formic acid conversion:

3000 tons CO2 per month X 80% efficiency = 2400 tons formic acid

2400 tons formic acid X $1200/ton = $2,880,000 / month

X .06 royalty = $172,800 / month

Not including upfront licensing fee nor changes in Carbon credits nor changes in formic acid price (as a fuel?).

Wild guessing comes out to $174600/month per unit royalties or about 2 million per year revenue per unit.