With 500 mgpy capacity vs 40 million shares just 3 cent/gallon profit makes PEIX $15 million/yr or with a PE of 15 PEIX is worth about $5 1/2. With 10 cents/share PEIX is over $16/share. With $1/gal potential within 3- years, this is $12/share earnings with PEIX well over $150/share.
It is just a matter of time before the world oil producers realize that cutting production just 3% would raise oil prices to well over $100/barrel or a 3x increase for a 0.03 reduction. A no brainer.