Good point on KIOR.  The 10K says JBII made in-spec petroelum fuel for $2.09/gallon in 2012.  That's even with all the costs, "excuses," trials, stack test, and whatever problems and associated costs throughout the year, they still made in-spec petroleum fuel for $2.09/gallon.

Meanile, KIOR, is all excited.  They hope to bring down their costs to $5.95/gallon this year, and in the year 2015 they are targetting the "magic" sub-$3.00 figure or $2.65/gallon.
http://www.biofuelsdigest.com/bdigest/2012/11...-at-scale/

In reference call KIOR, being able to "some day" make in-spec petroleum fuel for alternative sources for under $3/gallon is said to be "the holy grail" -- JBII is already there.
http://chenected.aiche.org/biological-enginee...-milestone

KIOR market cap $600 million.  JBII with a similar market cap would be over $6 per share.