Did, I say that? No I didn't!.....just that one part of equation is currently correct!!
But looking at the expectation of a rising AUD in the near future....sales revenues (if/when achieved) look to be vulnerable, and exchange rates do need to be taken into account in decisions being made by the board.
To be honest, I don't see a lot of change in survival and yield rates for trees, which are to be harvested in the next 1-5 years. These trees have already reached a maturity level (over 10 years old) whereby theses vital statistics would be well and truly known! (other than for some unknown circumstance occurring!)
I am very interested to see what the pricing assumptions are going to be, and more pertinent would be, what are the current actual world market prices for sandalwood products!
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Did, I say that? No I didn't!.....just that one part of equation...
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