Replies to Post #199712 onPlastic2Oil Inc (PTOI)

Replies to #199712 on Plastic2Oil Inc (PTOI)

10/12/12 7:37 AM

#199713 RE: Roth_IRA_3000 #199712

Whoa nelly.

"We estimate a site consisting of three processors ... to generate an average EBITDA of $28.0 million per year, assuming 75% uptime and 80% yield."

"We only witnessed the processor running at 2000 lbs/hr, due to permitting constraints, however a 4000 lbs/hr rate appears to be achievable"

Is this the first time such information is published to the public?

Game changer folks...

Toxic Avenger

10/12/12 8:04 AM

#199718 RE: Roth_IRA_3000 #199712

Very interesting, but the math doesn't seem to work out by my calculation. Here's what I get, I'd like to know where I'm off, if I am.

SAIC says they monitored a 1 ton unit for 3 days that sounded like continuous operation. During this period, 14,500 gallons of fuel were produced. That works out to 4,833 gallons/day.

If a 2 ton processor produces twice as much, that's 9,666 gallons of fuel per day, running continuously.

3 2-ton processors running continuously produce 29k gallons/day.

Assuming roughly $2.50/gallon ($105/barrel), revenue is $72,500/day.

Assuming 365 days of running, yields about $26.5 million in revenue.

So 3, 2-ton machines running full bore for every day of an entire year produces $26.5 million in revenue.

Yet SAIC suggested EBITDA of $28 million at only 75% uptime.

In addition, the cost of goods sold JBI has reported over the last 2 quarters is about 75% with a 25% gross margin. Those costs need to be subtracted from EBITDA.

Perhaps someone who has seen the full report can explain the apparent discrepancy.

Krazy K

10/12/12 9:14 AM

#199725 RE: Roth_IRA_3000 #199712

Nice read! That put's another BS theory to rest!

NewMoney

10/12/12 9:50 AM

#199738 RE: Roth_IRA_3000 #199712

ROFL! Well now. I guess the ridiculous theory that this was either never done or was done and showed the company not to be viable, causing confused billionaires to invest anyway, is complete and utter bullshit.

LOLOLOLOL!

Thanks.

tic toc......