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Gold/Mining/Energy : Energy Biosystem Corp NASDAQ-ENBC
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To: EAGLE-EYE who wrote (137)3/14/1998 8:58:00 AM
From: ForYourEyesOnly  Read Replies (1) of 336
 
Positive Speculation:

Today I hiked solo up Mt. Hiei, the Buddhist Holy mountain that overlooks Kyoto to the N.E. As I approached the peak, my thoughts wandered to ENBC's recent press release and the impact that it will have on the stock......and I came up with a new interpretation.

Yes, ENBC will only receive $200K up front, and yes they did have to give Petro Star warrants. BUT....a 5000 bpd plant has to be huge...think of using micro-organisms to process 5000 bpd...the plant itself could easily be in the 8-figure range. If this is the case, then Petro Star's making a decision to spend millions of $$$ on ENBC's technology is a huge vote of confidence.

Another possibly good aspect of this is that perhaps ENBC will receive some kind of royalty on the millions of $$$ in revenue Kellog or Petrolight will receive for building the plant.

Would it be possible for you to look into:
1. Who will build the plant
2. Estimated cost of the plant
3. Whether ENBC will receive revenue on the plant itself

If we are looking at an 8-figure plant, then I think that this is a VERY GOOOD SIGN.......

Any and all comments welcome.

Eagle-Eye, I hope that you can help with some research into the details of the plant construction cost.

Thanks and good luck to all.
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