look at economics

MBT have announced unaudited EBITDA of A$6.6M for FY08. Fully diluted MKt Cap of c.$90M. The EBITDA for FY08 does not include ANY biodiesel sales. MBT have already announced that they have shipped 5,000 tonnes of biodiesel and will ship another 5,000 in August. Say they ship 5,000 each month - that would be 60,000 tonnes for FY09. 60,000 tonnes x say $100 margin is $6M from Biodiesel. If we say they will do c.$8M in jatropha again, we are talking about $15M in EBITDA for FY09 and that is conservative..CHEAP