From the assessor's office of West Baton Rouge, I'm measuring about 400 acres owned by the Port between North Line Road and the Gulf Intercoastal Waterway. Thus, it is possible that both companies could fit on Port land. I wish they updated their website.
Our business plan timeline has been pushed back by approximately six months due to extensive study of the wood supply in the Natchitoches area, engineering changes, negotiations for long term supply of fibre for the plant and lack of certainty regarding fibre supply coupled with regulatory uncertainty in Europe has delayed entering into end user agreements. These impediments have now been removed. Finalization of contracts for fibre supply will ensure long term access to sufficient fibre to operate the plant at its full production capacity. Regulations uncertainty in the United Kingdom has now been removed with finalization of regulations in September 2013. We have originally indicated we would issue request for quotations for plant contrition in September 2013 and now plan to do so in the second quarter of 2014. Permitting and construction are now planned for late second quarter of 2014 with plant start-up sometime in the fourth quarter of 2015.
Here is a rough breakdown of where BMSP would be with revenue from phase #1
Data:
Gross revenue $160 million EBIT $ 40 million ( using a 25% profit margin ) Shares outstanding 600 million
using a very conservative PE ratio of 10 the companies market cap would be $400 million. *( not even including the value of the plant at $150 million!!!! )
$400 million divided by $600 million equals .66 cents per share just for phase #1
Even if they issued 10% more shares raising the OS to 660 million, the share price would still be .60 cents!!
Funding for construction of the plant is coming from Port Bonds, which means they only need to raise money through equity for general expenses during construction and fibre procurement.