FEA 0.00% 4.5¢ forest enterprises australia limited

Another observation is the value noted on the BellBay Mill, the...

  1. 1,217 Posts.
    Another observation is the value noted on the BellBay Mill, the $72m investment.

    Interesting to note that the third last owner spent approx $220m to set up (the 85 hec. site), fea have purchased off 2nd last owner for under $11m, with the 2007 valuation in the $30-$40m mark.
    Seems like a great deal in fea's favour!

    Guess market value for this component must be quite some value above 'costs'.

    The $0.66c p/s anticipated valuation seems pretty fair.

    Great potential, imo.

    Cheers :)
 
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