What a brilliantly well run company. Excellent planning....

What a brilliantly well run company.
Excellent planning.
Excellent capital management, with sustainable development of long term pipeline of revenue.
Multiple revenue streams across different industries.
Brilliant execution, with mortality rates improved remarkably, supporting yield.
Great returns for MIS investors, creating ongoing sustainable demand
Management with serious skin in the game in the form of personal holdings = encourages them to act in the best interests of holders.
Massive barriers to entry - 15 year harvest timeline, suitable land requirements, water licenses and knowledge RE: tree mortality.
Massive cash balance ($107m or $0.33/share) allowing further early acquisitions from MIS holders.
Rolled over debt becoming 20% cheaper to fund ongoing expansion

This is my biggest holding and I'm happy to continue to build on it while it remains so significantly under fair value.