All the Significant Unobservables for biological valuations are in the Annual Report, Note 11 on Page 86. To me the most uncertain variables are Sandalwood oil price ($US2,800/kg) and Discount rates (12-14%).
I argue the Discount rates used have scope to fall over time as more harvests provide confidence in yields, with the biggie being can TFC sustain the $US4,500/kg price for oil currently being achieved? What's your perspective tippy?
TFC Price at posting:
$1.52 Sentiment: Hold Disclosure: Held