Perhaps. Again, it'd take approx. 14-16 years before those...

Perhaps. Again, it'd take approx. 14-16 years before those countries can commercialise their harvest. Plus they will likely see a much lower survival rate than TFC due to the lack of experience and intellectual property that TFC has developed to increase their survival rate and produce the only pharmaceutical-grade Indian sandalwood in the world.

Also, in 14-16 years, we could very well have some fortitude to our moat via strong brand presence in our cosmetic lines, or may have captured a chunk of the pharmaceutical market. That is just speculation though and would be more icing on the cake than the cake itself.

Nonetheless, I think that this is the most valuable company, compared to its current share price, that exists on the ASX today.