OTCPK:TOUBF - Post by User
Post by
prospector11on Jul 22, 2011 12:40pm
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Post# 18861694
From the Bedford report..................
From the Bedford report..................While imports continue to play a critical role in supplying China's lumber demand, domestic wood production is growing. Sino-Forest states that its primary goal is to increase our wood fibre output to 17 million cubic meters by 2011. With $1.1 billion in cash and cash equivalents and $3.6 billion of standing timber assets, Sino-Forest says that it can continue its growth through acquisitions and through sustainable long-term replanting without accessing the capital markets.
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We might be in for some much better days ahead. GLTA