Gunns acquired Auspine for $349m in 2007/8.Gunns acquired ITC...

Gunns acquired Auspine for $349m in 2007/8.

Gunns acquired ITC Timber for $88m in December last year.

They also picked up some plantation assets at NTA.

Market Cap for Gunns now stands at $444m, equivalent to the combination of these acquisitions.

So no value is placed on anything Gunns did in the 100 or so years before 2008.