the greens, page-3

Lordo, make no mistake, GNS are finished without a pulp mill investment in Tasmania. Unlike the international trade in pulp, the seabourne woodchip trade is small, given to manipulation, and distorted by Japan and China (in opposite ways.

Even when the mill is built, it is unlikely that GNS will be the majority equity holder in it. The key for them is that they control a huge quantity of uncommitted resource. This is significant at an international level. It's what gives GNS the key seat at the table.

Facts:
The world needs more pulp mills (e.g. China/India growth).
No one can build a pulp mill without resource to feed it.
There are limited options world wide to create new resource.
Tasmanian/SE Australian resource is relatively uncommitted (while it's exported as woodchips) and screams out for downstream processing.