Ann: Operations Update, page-47

From what I have read, they want to keep the CO2 content at around 90% and methane around 10%. This way they can separate the methane to run the plant that will purify the CO2 to food grade. If you look at Caroline, it produced about 100 tonnes a day for almost 50 years. Maybe someone can get precise numbers, but if VEN can get $300 a tonne for its CO2, then that will give revenue of around $11 million a year. Once they likely debt fund the plant, the operating costs should be minimal. Lets say they net $10 million and split that with Lakes, then they are clearing $5 million a year for potentially 50 years. If they get 150 tonnes a day then they will get $7.5 million a year net. Happy for others thoughts but this seems like a cracking asset should the production test get up.