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In February 2016, Warren worked out how many

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Randy76   Thursday, 01/05/17 12:18:52 PM
Re: Dspetry post# 23128
Post # of 38653 
In February 2016, Warren worked out how many logs the whole parcel of land would yield and how much $ he could make from its sales: http://www.otcmarkets.com/stock/DLCR/news/Kibush-Capital-announces-increase-in-Revenue-and-Resource?id=124867&b=y

In June 2016, Warren got DLCR registered as a forestry industry participant so the company could begin negotiating with the locals who own the forest DLCR wishes to log: http://www.otcmarkets.com/stock/DLCR/news/Kibush-Capital-Subsidiary-Granted-Forest-Registration-Approval?id=134528&b=y

^Its like registering a business before you can obtain loans, sell goods, order inventory, hire people, pay employees, etc.

In August 2016, DLCR had finished making deals with the land owners and applied for registration with the timber authority (different from registering as a Forestry Industry Participant in June 2016) to log the land they negotiated with land owners: http://www.otcmarkets.com/stock/DLCR/news/Kibush-Capital-Second-Timber-Authority-Application-Lodged?id=137317&b=y

^ if you read this PR, it estimates $750 per cubic meter

If DLCR logged 160 logs @ 3-4 cubic meters each, that means at least 480 cubic meters were harvested in the Fall/Winter of 2016. Then you take 480 and multiply it by $750. You get a total of $360,000 for Q4 2016. And DLCR isn't even full steam ahead yet. This was their first cut.

I don't know how to spell it out easier than that.

Here's a more simplified version:

1. They got permission from the government to operate in Paupa New Guinea
2. They negotiated deals with land owners
3. They got permission from the government to log

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