FYI: | | | | | | | | Location| Start| Output (gals)| Gal in US$|...

FYI:

1	Location	Start	Output (gals)	Gal in US$	Value US$ p.a.	US$/AUD	Profit A$ (20%)	No. of shares	SP (P/E = 10)
2
3	GA 1a	01.07.17	12,500,000	25.00	312,500,000	1.3575	84,843,750	1,112,595,406	0.7626
4
5	GA 1a & 1b	01.07.18	50,000,000	25.00	1,250,000,000	1.3575	339,375,000	1,340,175,906	2.5323
6
7	GA 1a, 1b & 2	01.07.19	100,000,000	25.00	2,500,000,000	1.3575	678,750,000	1,340,175,906	5.0646

The starting dates that GS announced in the Investor Presentation on April 27th are far too conservative IMHO. Therefore I have amended the above dates as I believe that demand will dictate the speed with which each plant at Georgia commences production. After discussions with building experts, and considering the modular nature of EDE's reactors, I believe that these starting dates are easily achievable.

The output, gallon price and value figures are all taken from the Investor Presentation on April 27th.

The US$/AUD exchange rate is taken from the rate as at the close of business on 6.05.

The SP calculations exclude the proceeds from the conversion of the 227,580,500 options that expire on 30.09.2018 which amount to AUD 6,827,415.

The profit margin of 20% I believe is a very realistic figure. Those of you who wish to speculate on a higher or lower profit margin should feel free to do so.

The number of shares on issue are taken from the Appendix 3B announcement from May 5th. I have assumed that all of the 227,580,500 options that expire on 30.09.2018 will be converted.

The SP has been calculated using a P/E ratio of 10 which I believe is a very realistic figure. Once again those of you who wish to speculate on a higher or lower P/E ratio should feel free to do so.

Cheers and please DYOR!