Are you saying that "cutting out expensive feedstock, getting better prices for HTF, not doing any further upgrades to the property/plant, ensuring feedstock is of a quality" are NOT things they have done to date (i.e. part of the $800k annual savings already realized)?
I was trying to understand not WHERE else they can make cuts, but HOW MUCH more they think they can make. They didn't say.
Anyway, they don't really need to; they are "running a tight ship" today, and probably cannot cut much more. I'm not complaining if that's the case... but it's useful information to know if you want to understand how close to CFP they are.
On the other hand, they seem to have abandoned any attempt to reach CFP based on P2O operations, and are instead hoping processor sales will get them there.
But since JBI management doesn't appear to believe they can reach CFP running machines, I struggle to see how other companies will, especially if JBI wants a slice of the fuel revenue.
Let's hope they're in talks with a whole bunch of new buyers though, as the ones who were knocking at their door 3 years ago have long since walked away after too many unfulfilled promises (or unsigned JVs).
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