OTCPK:BIOAQ - Post by User
Comment by
TREEguy101on Feb 13, 2018 2:23pm
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Post# 27552364
RE:RE:RE:RE:RE:RE:An honest take
RE:RE:RE:RE:RE:RE:An honest takeH2 2017 revenue is 4.14 + 3.3 = 7.44 million Price of succinic acid during that time $2300 to $2800 a ton. Divide revenue by price per ton to arrive at tons. Multiply by two for full year 7.44 / $2300/ton or 7.44 /$ 2800/ton 6469 tonnes / year or 5314 tonnes/ year. Divide current annual production by name plate (30,000 tonnes) I get 21% utilisation for $2300/ton base case or 17% utilisation for $2800/ton base case. Try the math yourself to see.