1) those yields come down over time, as do the survivor numbers, just look at that table. They lose more trees every year before harvest. The projected prices also don't tally, whilst QIN don't own 100% of those projects - your summation excludes the cashflows to the investors. The fact your two numbers are close is the result of errors cancelling.
2) they really aren't a summation - they are based on a DCF based off the unobservable inputs that are in outlined in note 7 of the accounts. That's how the accounting standard works, and what EY are supposed to have audited.
3) that number is the average yield they are using to value the trees. Obviously it doesn't tally with the project accounts.
QIN Price at posting:
$1.21 Sentiment: Sell Disclosure: Held
