LER Running Hot, page-114

Well when we also read the following purchases and what they'll receive it makes for an interesting read when crunching numbers:

These purchases enable front end handling and chipping capacity that could supply chemical
production up to 32,000tpa. More importantly, this equipment enhances the Company’s
ability to accept different wood supply options including oversized log butts and tree
stumps, which have little value to existing forestry operations. The larger chipper and
hammer mill will also enable optimisation of woodchip size entering the plant which will
further improve extractive yields. The Company expects wood stump trials to begin in a few
weeks.
In addition, the Company has also committed to a Flaker production line allowing for 20kg
flaked and bagged rosin, at a 6,000 tpa production rate. Flaked bagged rosin sells at higher
margins than drummed rosin. This will improve profit potential of the planned 8,000 tpa
production.
Pine chemical price increases continued through the March quarter, with rosin and terpene
prices increasing 12% and 5% respectively. Rosin is trading at USD $2,900/tonne and
terpenes trading at USD $4,580 per tonne. At 8,000tpa production, Leaf’s expected 6,800tpa
rosin and 1,200tpa terpene production will only represent circa 0.50% and 0.35% of global
production.