True, but the compressed product is probably very dry compared to the wood they selected for testing. One of the New England pellet makers buys scrap sawdust from my wood supplier, CT hardwood Group. They sell dried wood at about 8% mc and also use it for custom moldings and truck floors. Once compressed, the pellet is probably about the same 8% so if you compare that with typical 3 month old firewood at 30%, the numbers, pound for pound, are probably true.