Forest Data For 2002 Plantings


Partnership NameAverage Prune Height (APH)Pruned SPHAverage DVAverage Tree Height
Ducksfield Partnership 536.9000371.000018.200013.7000
Glen Afton Partnership 546.9000360.000018.900013.2000
Big Valley Partnership 557.1000357.000016.700013.2000
Hidden Valley Partnership 566.9000346.000020.500013.8000


Key Management Activities Completed 2009

  1. GPS mapping of forest boundaries, identify gaps and stocking rates
  2. Continued observations of forest health and monitoring for pests
  3. Spraying for Dothistroma pini in infected forests

Key Management Activities for 2010

  1. Commence third lift pruning and thinning operations
  2. Continue observations of forest health
  3. Identify and destroy pests


    Average unit price


    Average Unit Price for 2002 plantings
    * Prices listed in Thousands

    Secondary Market Activity


    Sold Since: 1 January 2009
    Average Price: $6,360
    Price Range: $5,000-$8,000
    Number Sold: 5

    Forest Manager's Comments:

    Our pruning operations require regular supervision and monitoring, we also have a very strict quality control programme. Pruning prescriptions set out all requirements for contractors and their pruning operators. For Third Lift we are currently aiming for an average pruned height of 6.2 metres with a minimum green crown of 4.0 metres remaining, we also target an average pruned stocking of 350 (sph). Third lift pruning Operations are scheduled to commence in all Partnerships this year.

    After third lift pruning and the final thin we will achieve a minimum pruned height of 6.2 metres with an average stocking of approximately 350 sph. P F Olsen & Company Ltd will then perform final audits in all Partnerships; this is to ensure all operational requirements within the prospectus have been achieved.

    GFM Ltd
    Forest Manager
    April 2010