EMERGENCY FIELD DEPUTIZATION: R Korn to assist Sgt U.R.Broake of the IEI Patrol
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Ed:
Evans plans on converting 20% of their 8 million gallons of distributed diesel fuel to GRNO-derived diesel.
A processor can convert ~800 gal/hour=~ 19,000 gal/day or 6.9 million gallons/year at 100% output. Even at half this ouput, with a 50% efficiency, once processor should do it.
The royalties,at 4›/gallon, come out to $80,000/year, or .01/share with 8 million shares outstanding. The one time sale of the processor, at 1.5 million, with a 1 million profit, adds 12›/share in the sale year only.
The importanceof this announcement, IMHO, is that it puts the GOE processor into a functioning stream,and will establish it's commercial viability. Increasing the Evans conversion %, increasing the Evan's collection operation, and increasing Evan's diesel distribution volume will add to these numbers over time.
Cold shower, then brisk towel dry....
Robert |
