JBII = THE NEXT KIOR ?!??!!? If JBII were value
Post# of 43064
[b][u]JBII = THE NEXT KIOR ?!??!!?[/u] [/b]
If JBII were valued like KIOR, JBII would be over $10 per share. Investors and Wall Street are so drooling desperate for a viable alternative fuel, they currently value KIOR with a market cap of near $800 million. If JBII were to trade with a similar valuation, it would be at $10/share.
KIOR, let's review.......
KIOR uses a catalyst to convert $70/ton biomass to petroleum in-spec fuel
JBII uses a catalyst to convert $0/ton plastic into petroleum in-spec fuel
KIOR trades over $7.00 with over 100 million shares outstanding.
JBII trades barely over $1.00 with less than 100 million shares outstanding.
KIOR has been at it since at least 2007 but ran into delays. Zero revenues so far.
JBII has been at it since 2009 but ran into delays. Hundreds of thousands in revenues to start.
KIOR is about to finally launch their 1st plant commercially after solving their petcoke fouling problem.
KIOR claims 20% higher yield per day with petcoke fouling solved.
JBII is in launch and growth phase for their 1st plant commercially and is solving their petcoke fouling problem.
JBII claims 20% higher yield per day (in the form of up time) with petcoke fouling solved.
KIOR has 101% of its float owned by reporting institutions and mutual funds.
JBII has little to none of its float owned by reporting institutions and mutual funds.
KIOR pays for its feedstock (estimated to start at $70/ton.)
JBII doesn't pay and has never paid for its feedstock.
KIOR claimed cost to produce at $1.80/gallon cost (or $75.60/barrel)
JBII claims cost to produce at .24/gallon (or $10/barrel)
KIOR plants are estimated to cost $350 million each (comes out to around $200,000 per ton/day rate)
JBII processors cost under $1 million (comes out to $21,000 per ton/day rate)
KIOR yield expected around 2.2 barrels per ton of feedstock.
JBII's yield is 5 to 6 barrels per ton of feedstock.
Imagine JBII cash flow positive and having 101% of its float being bought up by institutions and mutual funds with the price and market cap a tiny fraction of KIOR.