Re at a 2 and a half year high with a decisive breakout in progress.
Latest CANACCORD Research (on TFS Corp website) out has a buy with target price $1.37. S/P at a re 2 and a half year high.
It is the latest managed and owned Indian sandalwood plantation in the world.
Largest purpose built Indian sandalwood Nursery in the world
It has a 15 plus year lead time from any competitors (theres your MOAT)
It has its own (Mt romance processing facility) to add value down the line plus 3 retail outlets.
It has established supply relationships with some of the worlds leading perfumers and cosmetic producers
It has a significant development of IP
Sandalwood Oil has risen 16% plus CAGR for the last 23 years!!!!
TFC will control re 85% plus of Global market share of the sustainable Indian sandalwood supply
Methodolgy based on A$4000 / kg heartwood oil price (conservative i believe)
Indian sandalwood heartwood price has increased from $5100 in 1990 to $112,000 in 2011.
Re at a 2 and a half year high with a decisive breakout in...
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