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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: LoneClone who wrote (93854)11/21/2007 10:47:46 AM
From: Archie Meeties   of 206181
 
Problems: They are touting ethanol from cellulose, but state that initially they will generate ethanol from corn. The infrastructure and process for the two feedstocks is different, its an either/or proposition.

If they are going to use pine bark to make ethanol, and thats the appeal of the area, then they should just demonstrate their capacity to do that profitably now. As it is they are not going this route, suggesting that they don't have the know how to do cellulostic ethanol.

Also, this

"Profits from the production of 100 million gallons of ethanol are projected at $28 million using negotiated and contracted corn prices of $3.20 per bushel and ethanol prices in Washington State of $2.20 per gallon."

I'm lost as to how their can be an believable projections of cost 2 years in advance. If they had actual hedging in place then they could make reasonable estimes. They do not have hedging, as they have no production.
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