TFC conducts an auction for the MIS harvested hardwood. The last two harvests TFC has purchased the MIS supply (small quantities) at an oil equivalent price of $US 4,500 per kg.
TFC has a strong, material self interest for the market price to remain high.
TFC has established new customers in China. It has pre-sold its own 2016 and 2017 stock at the $US 4,500 per oil equivalent price.
TFC Price at posting:
$1.55 Sentiment: Buy Disclosure: Held