The preliminary market evaluation, submitted in the VEAMCO Plan and
Executive Summary, indicated a conservative net average value of $80 US/M3 post harvesting. According to the independent Forestry Engineers report, an average of 35.77 M3 per hectare could be expected to be harvested from this concession. The projected value of the exploitable timber on the initial 10,000 hectares (25,000 acres) described in the report is approximately $28,000,000 US, net, post harvest. As the area demographics are essentially consistent throughout the concession, the projected overall value of the entire concession of 143,775 hectares (355,000 acres) is estimated to be approximately $400,000,000 US, net, post harvest.
Assuming you were correct...how many more shares would the company have to issue?
Current share price .29
Outstanding~7.2Million
"Funny that they should announce the "value" of the property belonging to someone else, BEFORE they actually become the owners
The asset of the joint venture would be the woodcutting lease agreement #4193 for the exploration, harvesting and export"rights.
Please read closely...
Money Guild, Inc.
Wood Lease Concession Guyana
VEAMCO, C.A.
All appear at the bottom of the timber cruise
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