Replies to post #47074 on MMEX Resources Corp (MMEX)

[proftstocksny2]

So more downside from here likely?

[gaiusrex]

Here's a link to a 3-2-1 Crack spread calculator.

http://www.cmegroup.com/tools-information/calc_crack.html

The crack spread for the past week has been between $48-54 per barrel.

If the refinery ran at optimum capacity 365 days a year, which isn't realistic or likely, the revenues would be approximately $51 x 50,000 x 365 = $931M

[HaroldZoid]

Agreed. The entire thing is incredibly suspect.