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LV RDPD

01/04/12 12:10 AM

#152348 RE: Commando911 #152347

Description:
1. The JBI plant is located at 20 Iroquois Street, Niagara Falls, N.Y. The
main building is an existing 12,000 square foot single story steel
industrial building originally used as a gas generation building by
AGA-Burdox Gas and more recently used as a Magnesium Recycling
facility. The building will now be used to produce an oil similar to
diesel fuel from source separated recyclable plastic.
An initial
Plastic2Oil process unit was installed and tested during 2010. This
permit action authorizes the construction and operation of three
Plastic2Oil process units
.


http://www.dec.ny.gov/dardata/boss/afs/permits/929110034800002.pdf

From the start it was planned to have 3 processors in this 12,000 sqft building processing P2O. I don't understand why to build a 7200 sqft fabrication shop and have 2 units processing. I believe that would get in the way of processing/fabrication and pose a safety issue with fuel and welding/sparks in the same facility. JMO though.
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Estimated_Prophet

01/04/12 12:16 AM

#152350 RE: Commando911 #152347

I've always wondered if 3 would fit in the original building. At the 2010 tour, it did't look like three of what we saw would fit. Since then, the footprint has expanded, I believe. Maybe the other two can share many of the same parts, and maybe the replications will be a smaller footprint. Maybe my judgement was off on spacing. It's not like they couldn't wall off part of the new building to fit another processor in there, if that is what is needed. At any rate, I imagine the new building will hold things up, to some degree. Since there is no report out there from people seeing the walls up, then we probably are still several weeks off. My hope/expectation is for 1000+ barrels/week of production by March, so that Q1 can see a huge uptick in production and sales. XTR has stated they expect to start receiving fuel by 2nd quarter.

A JBI shareholder walks into the bar and sits down. The man on the left has also been a shareholder for over 2 years. The man on the right has never heard of JBI. The man in the middle says to both of them, well, it may take another month or two before a large uptick in fuel production and sales. The guy on the left kicks the bar and buries his head. The guy on the right calls his broker to buy shares.

Not sure how the forces will play out, but great things should be happening in the second half of Q1. If we dip, while we wait, so be it, another great opportunity. We may not though, as financing news could be forthcoming, as the feedstock and fuel agreements have been finalized. The completion of that sequence could be very huge, depending on the details. If JBI receives far better terms than the past, then the stock could easily shoot to 52 week highs.