QIN only sold 1.2t oil to Galderma during 2014 & 2015, worthy ~$3m p.a.
The real issue is cash flow.
If put option extended, should be good.
Inventory value is $50m (@US2,800/t) before the harvest.
Last annual report stated it is expected to harvest ~300t heartwood in 2017.
If all inventory plus current year's harvest, would yield ~$80m. But need to find more buyers.
Ann: More than $11 million secured in accelerated sales program, page-26
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