Replies to post #62771 on Hong Yuan Holding Group (HGYN)

[zuniger]

current market pricing of $4,500/ton ($2.25/lb) and

We are already negotiating a several million pound compounding contract with a large plastic operator. We believe that in implementing this plan we will reduce the internal working capital requirement due to the decreased costs associated with purchasing raw material and preliminary analysis suggests that Cereplast Industries, if approved by the Bankruptcy Court, would reach profitability much faster than the current business model.


Lets say that Serveral million pount is 3 million lbs

Convert that to tonnes 1360 tonnes

1360 x 4500 = 6.12 mil guys