IPO - Ocean Grown Abalone Limited, page-9

For comparative valuation purpose, would anyone have the value of the license to harvest wild caught green lip abalone? Say on an annual per ton basis? Eg. if one wants to purchase the license from another holder.

OGA is currently on its way to harvest 100 tons in about a year’s time, and with plans to expand the capacity to 600 tons in various regions in 7 years time. As the quality of “ranched” abalones are “as good” as the wild caught ones, it may be interesting to see if we could give a similar way to value the assets of OGA.