Replies to post #10488 on Biomass Secure Power Inc. (BMSPF)

[I4C6S]

I’m inclined to agree with you. You can only “cry wolf” so many times before people start questioning your ability to accomplish what you set out to do. Seems like there is always something getting in the way of reaching their goal. The company is really thin on credibility right now.

[OCR8now]

Nothing has "disappeared"

The SAME project is alive and well, just in a new location.

The updates to the website are quite telling :)

biomasssecurepower.ca >>> CURRENT PROJECTS

In 2012 the Company was approached by Louisiana Economic Development (LED) to determine if Biomass Secure Power had an interest in building a pellet plant in their state. LED has presented BSPI with a very attractive package which includes $26.3 million of estimated benefits if we locate a plant in Louisiana. It was proposed that the pellet plant be built within the confines of the Port of Natchitoches.

Total construction costs for Phase I is estimated to be $137,000,000. Upon completion of Phase I the plant will have a production capacity of one million tones. Projected gross income of the plant is expected to be approximately $160 million with earnings before interest, taxes and amortization of approximately $47 million.