Madera Int. (WOOD) Message Board

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Microcap & Penny Stocks : Madera Int. (WOOD)

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To: Lou Farrell who wrote (2209)	12/27/1998 12:55:00 AM
From: John R Resseger	Read Replies (2) of 3693

Lou Just the Peruvian property has.... from Edgar " .....mahogany rich concession in Peru. ..... The concession encompasses 30,000 hectares and has approximately 400 million board feet of marketable hardwood in reserve. The concession is for ten (10) years with a renewable option for an additional ten (10) years, and a further option to turn the concesion into fee ownership for a minimal cost. The extraction rights are approximately 270,000 cubic meters annually." Madera will need several more sawmills to make a dent in those forest. Mahogany sells for more than $1.75 a board ft. Sticking with the more conservative $1.75 figure, x 400,000,000 we get a timber reserve of $700Million just for the Peruvian Land! John

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