Math Fun!
Ok, now we get to play with numbers.
One of the largest waste oil collectors in the Rocky Mountain region, Approved Oil collects in excess of four million gallons of waste oil annually. Green Oasis intends to establish Approved Oil's facility as its second regional waste oil processing facility and purchase waste oil from the area's smaller collectors for processing into diesel fuel with its EnviroEconomics(TM) system.
That's 4 million gallons at a profit of $0.30 to $0.40 each gallon of diesel produced. Hmmmmmm!
In order to be conservitive I will work only with the 60% ASTM #2 conversion factor. Then multiply by the average profit of $0.35 and divide by the number of shares outstanding. Now remember, this is just a rough back of the napkin calculation. No depreciation or other expenses added.....
4,000,000 X 60% = 2,400,000 gal
2,400,000 gal X $0.35 = $840,000
$840,000 / 8,000,000 *shares = $0.105 eps
Fantastic!
C Ya @ $24
Tom
* Note - 8,000,000 shares used in an effort to be conservative and account for the possible conversion of options, etc. |
