(1) The processors are already a go to run whenever ready. The permit amendment, if passed, allows the maximum production capacity to increase with it, presumably 2 tons per hour but we have no idea what JBII actually applied for nor what the NYSDEC will actually grant (I personally haven't spoken to the NYSDEC about this).
(2) We got credible confirmation that JBII recently sent a 405 barrel rail car of fuel oil #6 with virtually no sulfur in it.
(3) We recently learned, much to my surprise as I didn't even have a clue, is that the key with sulfur and fuel oil #6 is that each percentage of sulfur reduction tends to lead to a rather large premium in per barrel prices.
(4) Although we don't know what JBII is currently selling their 0.0016% sulfur fuel oil #6 for, 0.3% sulfur fuel oil #6 was recently quoted at $138.55/barrel.
(5) Even a single processor at up to 270/barrels a day, 91 days a quarter, $138.55/barrel comes to $3.4 million a quarter or roughly near DOUBLE their operating cash burn rate in the last Q. Now while we don't know how close they can come to capacity or what kind of a discount vs. the $138.55/barrel they charge, this is a very nice start as we wait for the plans to come together for a massive rollout.
(6) In a perfect world, 3 processors would generate $10.2 million in fuel sale capacity. With operating cash flow burn of a tiny fraction of that in the last reported quarter, that leaves a massive amount of wiggle room under capacity and/or discounted per barrel prices along with market realization that mass duplication ain't gonna be tough over time.
(7) Somebody brought up the idea of OTC stocks + SEC litigation statistics. Well, here's some irony -- add "profitable" to those statistics and, since few OTC stocks are profitable in the first place, we don't have a lot of examples -- but the irony is on the same day of JBII's ligitation release another company who's been in SEC trouble for years now got yet another SEC litigation release notice the very same day as JBII -- and they are a former OTC that has since uplisted to the NASDAQ and makes money hand over fist while paying huge cash dividends and continues to do so. Game ender my @$$.