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You are right that 2005 was the worst survival rate. However...

  1. gsad1000
    4,775 Posts.
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    23/03/17
    22:50
    Post #: 23588070
    You are right that 2005 was the worst survival rate. However from that date onwards the survival rate improves and the volume of trees planted grows. This is why the real volume only kicks in from 2020 - 21

    Tree valuations FY2016 vs FY 2015.pdf
    TFC Price at posting: $1.31 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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