Re at a 2 and a half year high with a decisive breakout in...

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.