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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: Steady_on who wrote (26819)	7/26/2012 12:45:42 PM
From: PaperProphet	Read Replies (1) \| Respond to of 53574

Personally I'm more interested in the mindset of longs. Your projection of P2O (process?) revenues in 3Q 2011 didn't pan out and then you made another revenue projection for 1Q 2012 which didn't pan out. Now that Q2 2012 is over and, almost 1/3 the way into Q3 2012, we hear that processor #1 is out of commission and #2 is on the fritz. My question is, do you see any sort of pattern and can you draw any conclusions from what's happening?...Or do you think shareholders are merely experiencing bad luck over and over and over and over and over again--such as maybe the plant was built on a native american burial ground or something? How are you interpreting this? Do you feel it was just bad luck that processor #1 is now out of commission and that #2 is not operational?

To: Steady_on who wrote (26819)	7/26/2012 3:30:19 PM
From: OverDraught	Read Replies (1) \| Respond to of 53574

Steady_On, in your projections do you include a cost for catalyst? Commercial catalysts used by petroleum refineries cost between $1 and $2 per pound when purchased in bulk (truck load or railcar load). But since JBI supposedly is using a custom catalyst that is outsourced, and which is produced in small quantities (JBI's micro-brewery being the only user), then his cost per pound is probably much higher than for a full scale FCC cracker. Also, since the processor design does not appear to use a catalyst regenerator, the quantity of catalyst consumed per ton of product is probably about three times that of an FCC unit. So, if you don't mind my asking, how do you deal with these variables in your financial modeling?