jbf cheaper than peers...re post, page-4

re: sbi Renton...

Look at SBI's projected figures...far more aggressive than JBF's...

1. Assuming receipt of $1029 per tonne for biodiesel. (JBF = $886)

2. Assuming receipt of $266 per tonne crude glycerin (JBF = $0)

3. Assuming costs of $636 per tonne for feedstock (JBF = $641)

4. Assuming costs of $436 per tonne methanol (JBF $418)

Since the SBI prospectus was prepared, oil has dropped considerably along with Biodiesel and Crude Glycerin...their prospectus was prepared with much higher expectations.

On the other hand, onve might argue that JBF's prospectus has been prepared at a cylic low for oil...suggesting that, on top of the ultra-conservative nature of their projections, the final figures could weel bee rediculously conservative should oil rise in the interim.

Cheers!