My figure of $0.03718 earnings/share for the joint venture was based on 600MT/year giving 219MT oil & 394.8MT meal, with revenue of $226.6M and $92.1M respectively.
However, if you give CPOW profit for all the meal, that brings the value of the joint venture up to $0.12 earnings/share.
I just noticed that I only gave CPOW 10% of the meal...at least that's what I think. I feel like I shouldn't comment at all, because I haven't reviewed this spreadsheet in months and haven't compared the numbers to the SEC filings. But now I've got $0.24 earnings/share.
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