Working backward for valuing BXI Taking the GEA estimate of $130 million for an 80,000MT plant (excluding land, buildings, crush capacity and utilities infrastructure) add $20 million for building, land and infrastructure and taking that as a large minority share (say 45% still <50%) one would come up with something like these very rough figures: (The split between Oil processor and Private Equity firm could vary greatly but the Private Equity firm is providing all of the protein plant's capex so that part has a $170 minimum and is at most 49% of the total. The other figures are calculated from this base.
BXI 45% share (remember it is <50%) is about $170 million (GEA cost of protein plant plus extras)
Oil processing partners 20% share is about $ 76 million
Private Equity partners 35% share is about $132
Total plant value about $378 million
BXI will have about 268 million shares outstanding after recent financings are paid out making each share worth about $.63 in terms of investment in current plant. I think this is worth keeping in mind for the company managers and the Private Equity company think these figures make the project viable.
Of course the final share value will only be determined by the plant's profits in about 4-5 years time after bugs are worked out and markets are stablized. Worth waiting for ????? $.075 to possible $.63 up.