Yeah, no matter how you look at it, it is good newsThe same...

Yeah, no matter how you look at it, it is good news

The same valuers were on site 7 months ago, but it appears not this time, so how do they
work out the improvements, do they rely on DBF telling them what they have done, do they
say use drone footage or the like or do they just as you said use comparisons

Either way property prices in the area HAVE had a bumper year, if you look at some of the sales
you would have seen that our properties were still relatively underpriced compared to what was
around and what had sold.

So you add this revaluation to the last revaluation and you get a nearly 40% increase in a year
from $97mill to around $137mill and the gap from the NTA has only got larger, so is the market
taking these revaluations with a grain of salt, this latest valuation should add 50c or more to the
NTA even after fees to duxton and some tax but we only saw a 20c increase which has now come
back a tad today, so we currently sit at a shareprice that is trailing the upcoming NTA by about $1

I understand the costs of management but this discount is way to much IMO, so yes I did buy
some more yesterday and tried to snag some more cheapies today without luck, for me this
is a med/long term position here, for at least whilst the shareprice is out of wack with the NTA
but probably much longer

Property prices seem to have reached a plateau or probably more likely buyers baulking at
these higher farm prices around Forbes more recently, that is just my take by checking out what is
or isnt selling, so this may be the last big jump in valuations for a while who knows, we might
have to learn how to make money without land price increases

All in all, good news.... now we just need a positve operational update to close some
of the NTA gap

cheers grant