thanks for that.
those theses aren't contradictory, they're quite complementary. The point is that you can either have a high price or you can have a high quantity, you can't have both, whereas QIN's accounts assume that both high prices and high quantities will occur.
My central case is that in the long term QIN produce an average of 10kg of heartwood from trees at a 70% survival rate on the 1400ha of plantings they've done at 500 trees per hectare.
If you use those numbers then that is 10*1400*500*70%= ~5000t of heartwood. This is 40% of what QIN claim they'll produce, but it is still multiples the size of the current market and quite enough to collapse the sandalwood price and write off large parts of QIN's biological assets.
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