house and land package, page-3

re: intelligent investor watching Stockmaster ... on the face of it I agree ANE looks very cheap from an asset to share price perspective. I'd be interested in your thoughts on Intelligent Investors summary: although not negative on the stock have reserved judgement to some degree, comparing the ANE valuation based on AUD$3,000 per hectare to Carter Holt Harvey sales of pine land for NZD750 and sales in the USA for USD$1,000 p ha.

If prices between countries can be compared you would have to say that the great Aussie land is overvalued. Any thoughts?