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PhillipD

04/03/13 3:32 PM

#10192 RE: Richard2 #10189

One million per phase with four phases at buildout. With 4 million tons per year at 144 Euros per ton ($185 US per ton), I get $740 million per year. With margins quoted at around 65%, I get a forward EPS at buildout of about $0.80 ($480 million/600 million shares). If the P/E ratio of the stock were say 10, the price per share would be $8.

As far as the radius issue with the feedstock, the entire Mississippi River tributary is open for business since feedstock will be barged in and sent in by rail. This is either a huge game I'm buying into or I'm looking at early retirement before I'm 40.

Phillip