Quarterly Call Notes Share buyback alluded to by Ken.
240 million board feet annual lumber capacity at Mckenzie. 80% of that expected over the year
2/3 first half, then 90% second half
Costs higher initially on relative basis because of lower volumes
Aug 1 lower rates US lumber duties, July 1 lower stumpage rates in BC.
Corporate costs - 50% lower first half SGA and 75% lower in second half. Mostly Head count reduction
Next week housing starts will give a good idea for the rest of the year
$400 lumber Us for the year expected
Bio energy 13.9 ebitda last year, in line with previous years. Stable business to provide cash flow going forward.