Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7

'Having met the target throughput design capacity'...?

Full.operation of the 8000T ...is expected by may2021.

15/7

'Forest owners are very conservative and Leaf obtaining the log supply contract.'..?

Comments above made by Leaf.

If...they have neither signed the supply contract or achieved 8000T ..then .
1. Cant work out profit margins or potential PE ratio.

2. Perhaps they have been too clever with words causing doubt.?

if I were the board id be making sure both the 8000T is properly announced...SOON.
and the supply costs are signed and known..also..SOON.

This then quickly attracts attention ,has globally expansion potential..becomes a fun ride!!


Hopefully the latest investment wasnt based on the the above ( supply and tonnage)being done and dusted..