Hi Alister, Good question! Here's the answer!
It is the first paragraph in the report so it could escape anyone's notice
Page 1 PART I ITEM 1. DESCRIPTION OF BUSINESS
1. SUMMARY
In July 1994, Registrant entered into an agreement with Ramiro Fernandez-Moris and his family to acquire assets held by them in the family owned corporation Forest and Environmental Resources of the Amazon, Inc. ("FEROA"). These assets consist of 478,000 acres of freely owned timber producing property in Brazil, as well as substantial acreage in Bolivia and Peru that are long term concessions. The value of these properties is based upon an independent third party appraisal supplied as part of the due diligence procedure. The value used is $27,000,000.
Now take your 251,000 acres at $414,000 and the 478,000 acres at $27,000,000, add the money and add the acreage, divide acres into Dollars and you will get dollars per acre. ~ $40
Dave |
