"The $10 cost/barrel is the result of our P2O FL m
Post# of 43066
Posted On: 06/27/2014 9:19:04 AM
"The $10 cost/barrel is the result of our P2O FL management team heavily loading up costs on the overhead side (building, staff, utils, maintenance, legal, permitting, capital costs, etc..) +and cutting production in half. We are proceeding conservatively to provide JV's achievable numbers.
This is an explanation from John Bordynuik regarding the cost per barrel."
Sure. And the price which each of those barrels would fetch, three dollars under the price of West Texas Intermediate crude oil spot price, was the price Somerset Refinery offered JBI for that oil according to Mr. Bordynuik. That was Mr. Bordynuik's explanation for the price.
Putting that together, Mr. Bordynuik said JBI would clear $67 per barrel. Obviously leveraging his "conservative" cost for that oil and the offer he had in hand from Somerset Refinery for that oil.
And that was with the first $80,000 processor making 109 bbls/day, before all the enhancements, preheaters, HTF enhancements, etc....
It's just too bad Mr. Bordynuik tried to tinkerfark with a good thing four years ago and that even now he would rather get $200,000 to fix the condenser on his 'flagship' than to spend $80,000 and go back to the original unit which he represented to shareholders worked very well. Note that the last sentence is sarcasm. The more likely explanation is that Mr. Bordynuik's numbers are fake because he was in the business of defrauding investors with those fantastical cost and price claims.
This is an explanation from John Bordynuik regarding the cost per barrel."
Sure. And the price which each of those barrels would fetch, three dollars under the price of West Texas Intermediate crude oil spot price, was the price Somerset Refinery offered JBI for that oil according to Mr. Bordynuik. That was Mr. Bordynuik's explanation for the price.
Putting that together, Mr. Bordynuik said JBI would clear $67 per barrel. Obviously leveraging his "conservative" cost for that oil and the offer he had in hand from Somerset Refinery for that oil.
And that was with the first $80,000 processor making 109 bbls/day, before all the enhancements, preheaters, HTF enhancements, etc....
It's just too bad Mr. Bordynuik tried to tinkerfark with a good thing four years ago and that even now he would rather get $200,000 to fix the condenser on his 'flagship' than to spend $80,000 and go back to the original unit which he represented to shareholders worked very well. Note that the last sentence is sarcasm. The more likely explanation is that Mr. Bordynuik's numbers are fake because he was in the business of defrauding investors with those fantastical cost and price claims.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.