ADM big earnings with soy and BU is participating
https://www.bloomberg.com/news//2012-10-30/adm-profit-tops-estimates-on-soybean-processing-gains.html
so no one should give away this stock for less than 30 CAD
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we all remember that the real numbers for Burcon were censored very quick
remeber this post:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=BU&t=LIST&m=29525479&l=0&pd=2&r=0
the link posted there is censored...
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https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=BU&t=LIST&m=29534549&l=0&pd=2&r=0
good numbers – WHY do the BU-Guys do not dare to publish THIS ???
ADM prepares global plant for clarisoy
05-Apr-2011
Archer Daniels Midland (ADM) could process as much as 100,000t of soy protein a year after agreeing last month to produce, distribute and sell US-based Burcon NutraScience’s Clarisoy soy protein globally.
Burcon's president and chief operating officer Johann Tergesen did not reveal the factory's location, but said: "The plant could produce up to 100,000t a year."
He said processors were looking at blending whey protein and soy protein, which is much cheaper, in sports nutrition drinks and bars to cut costs and aid whey digestion.
Clarisoy is 100% stable and soluble in acidic drinks, making it suitable for long-term storage and distribution, he added.
https://www.foodmanufacture.co.uk/Ingredients/ADM-prepares-global-plant-for-clarisoy
Let's do the math.
100,000 tonnes X $7,000 per = $700,000,000 from one plant.
10% for Burcon = $70,000,000
Okay, I've got my math wrong. Let's go 1% = $7,000,000
No matter how you do the math, if/when Clarisoy gets going, it gets scary good.
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https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=BU&t=LIST&m=29590839&l=0&pd=1&r=0
that's pretty good math.
I'm guessing it's more like $10-12 per kilo and a higher royalty that declines as more plants are built.
$1 Billion @ 10% = $100 Million top line to Burcon annually.
And with only 30 million shares outstanding (no dilution like bre-XI) that would be at least $2 EPS from one plant.
The analysts are calling for multiple plants and $4 EPS in 2014. This could be a Ben Franklin each.
The market is starting to figure out who the real player(s) are in the plant protein business - ADM/BU
BXI is going to be crushed like their toasted meal.
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and look here…
https://www.foodmanufacture.co.uk/World-News/Bon-appetit