Surandy,Well if the RM3200 per Tonne is correct, we can't be far...

Surandy,

Well if the RM3200 per Tonne is correct, we can't be far from economic production of Biodiesel from Palm oil but we really need to wait and see what happens.

Just considering the raw numbers

RM3200 per Tonne is equivalent to $US1010

$US105 per BBL is equivalent to $US780* per Tonne
And we also need to consider the US Subsidy for Biodiesel
$1US per USGallon is equivalent to $US380** per Tonne

There are also production costs, shipping costs and the actual selling price of Biodiesel to take into account

I am happy to see value in the Company purely on the basis of their Glycerine refining capabilities at the moment


* Based on 7.44BBL per Tonne
**Based on 1140 Litres Biodiesel per Tonne