Ann: Australian Dairy Farms to acquire Camperdown Dairy Company, page-114

thanks for that, figured it out! Warnie you're supposed to be using milk solids, rather than milk kgs (not that I know what either mean lol)

according to that calculator it says 13.7L to get 1kg of milk solid, which is larger than oslo's factor of 11.5

even using 13.7, the share price has mucho upside to go

especially if I start to factor in economies of scale into the $4/kg cost

so happy to be holding this overnight, and can't wait for the press to hit this tonight, and then tomorrow's interview with Adrian Rowley