Ann: AHF Secures Camperdown Industrial Zoned Land, page-26

Scale is relative...

Fonterra is in the top 5 dairy corporations globally. MGC isn't even in the top 25.

In my head scale for AHF does not mean bulk so scale means:
In terms of dairy farm & bio-asset holdings across a range of lucractive geographic regions in Australia not just SW Victoria, so for example Victoria (2 regions), maybe Tasmania (1 region), maybe Western Australia (1 region in SW corner). Each operates as a milk producer and is attached to an owned (or JV'd) processor where the

In terms of milk processor in each region where they can operate a plant facility at an optimum efficiency to be (a) financial beneficial without running into surplus milk supply or surplus dairy product and (b) have enough production capacity to be able to adjust product output to meets its defined market demand. R&D of new products is another matter as is the balance between whether it wants to retail, wholesale or a pure mid-stream commodity producer.

There is a whole world of financial modelling with various data inputs that help in this area and some people tucked away in and watch HotCopper are well versed in this area.

Scale isn't a value or a market or a size, its more a target with various measures but if you wanted to put a value to it for AHF then the milk input into each of the processing plants should be around the 100 million litres per annum range plus or minus 20%. Risky comment really but lets see where it goes from here...

Some industry scale peers for AHF to aspire to might be the likes of Burra Foods (VIC), Brownes Dairy (WA) Bulla Dairy (VIC) or Norco (NSW) and this would then position them well both in terms of EV (Enterprise Value) and in terms of market visibility for M&A activity or some form of further growth rather than thinking sheer order of magnitude scale where it competes with MGC, Fonterra, Saputo, Lion and Parmalat.

Right now Timboon Fine Ice Cream or Organics Dairy Farm and the likes seems to be where it is heading and AHF doesn't need to be an ASX listed company to do that and it will not help the TSR.