Apr. 1 at 8:53 PM
$ADUR The current spot price of bitumen is
$645/ton.
The current price of oil is
$99/bbl, equating to
$725/ton.
Even if Aduro is able to upgrade bitumen into synthetic crude at the 90% efficiency rate they throw around, that would mean they could turn
$645 into
$652. And that assumes their other costs are absolutely zero.
I'm certain some investors are worried about Aduro doubling back to bitumen, but investors never voice their concerns out of fear that such open discussion might influence others to sell. Even more, the super bulls would rather fight than discuss. Nobody seems to realize that the market doesn't care about what's posted on Stocktwits.