Replies to post #71589 on Plastic2Oil Inc (PTOI)

[SPARK]

Nice day here..you folk sitting on something nice~

[BRIG_88]

Huh? I thought you said this machine doesn't even work? So why would plastic supplies be a concern for something that doesn't work?

[stonehenge]

jjsmith,your math is FAR, FAR, FAR from correct:

I'll help you re-do the calculation starting with the figures you uttered:

1. 2,500 sites in 10 years (that's what has been claimed)
2. Each site has been claimed to convert 20 tons of plastic per day = 44,000 lbs per day
3. This means that in the tenth year from now they are able to convert 2,500*44,000*365 per year. In the previous years this will be less, because the amount of sites are lower, but increasing.
Your calculation goes wrong where it includes a factor 10 in the calculation!
4. The value of waste plastics is NIL as proven 100 times on this board. BUT, for comparision's sake I'll use the 1 cent per lbs which you used. In that case the value of the ENTIRE feedstock used in year 10 equals the PRESENT VALUE of the purchased plastics in year 10:
(2,500*44,000*365*$0,01)/(100% + inflation %)^10, which is equal to $329 million, which is FAR from your calculation (assumption: inflation is set @ 2%).

BUT, and there your assumption goes wrong AGAIN, nowhere has been stated that the ENTIRE plastic for year 2020 is already contracted!!! The 329 million equals the value of a contract (not an LOI) for ALL OF THE PLASTICS IN YEAR 10, PURCHASED FOR 1 CENT/LBS. Where do you get your info from? Link please!

But I am glad you are getting the picture: JBII will be HUGE and you know it.