Tuesday, May 18, 2010

"stocker11" opines on JBII profit potential


When something has the potential of this company, there is no reason not to be patient.

Each processor will net about $50,000 per week/$226,720 per month/$1,178,440 per year. This is an extremely conservative estimate as each processor may produce up to 400 bbl per day and not the 109 bbl/day these estimates are based on.

So, taking a middle of the road number of 200 bbl per day and only 300 operating days = 60,000 bbl per year x $65.00 per bbl = $3,900,000 per processor.

If they plan 6 processors for the New York facility that's $23,400,000 for just this 1 site. 90 processors in Florida = $351,000,000

With URS on board and permits in hand there will be no reason to delay. Joint Venture partners will have deadlines to meet and their money will be required to make installations.

These shares have a tendency to creep up a little at time - the next thing you know they will be out of reach for a lot of common people. If anyone is looking to get in this may be the time.

All my opinion only.

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