Perhaps by 2016, with another $50 million or so in PIPE funds, they'll be down to $200/barrel.
If Oil has doubled by then, they could be at break even.
kezzek Thursday, May 17, 2012 7:41:20 PM
Re: Rawnoc post# 183525 Post # of 183528
Q1 was about $1,500/barrel.
So they are improving.
Perhaps by 2016, with another $50 million or so in PIPE funds, they'll be down to $200/barrel.
If Oil has doubled by then, they could be at break even.
Too funny.
This looks like the breakdown to me (per barrel)
Free waste plastic
$10 labor
$75 other costs of goods sold - unspecified
$1,415 SG&A
Of course SG&A will probably be increasing substantially with all the new high priced talent, plus JB's personal boondoggle.
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Rawnoc Thursday, May 17, 2012 7:26:09 PM
Re: kezzek post# 159235 Post # of 183528
THE COST PER BARREL FICTIONAL EVOLUTION....
(1) $5,000/barrel was the fictional theory going forward based on Q2, 2011.
(2) $3,000/barrel was the fictional theory going forward based on Q3, 2011.
(3) $2,000/barrel is now the fictional theory going forward based on Q1, 2012.
How is it that with such small increases in sales, the cost per barrel falls by thousands of dollars? I thought we're supposed to take the cost per barrel of small fuel sales and extrapolate and scale that forever no matter how big fuel sales get. What's going on?
Reality -- as fuel volumes increase, as with virtually any automated process, the cost of production per unit falls of a cliff. In JBII's case, it will keep going down until it's $10/barrel. You have to literally make up costs when you're talking about free feedstock in a free energized automated hole turned into fuel. They take pieces of trash and turn them into $100 bills.
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