Sino Agro Food Inc (fka SIAF)

[RealDutch]

Ok, I think I got it now.

The cost of 3rd gen ODRAS (to TRW) is $1.1M/ha. The yield 120,000 kg/yr. Calculate the payback time yourself.

The experimental farm is 3x more expensive per ha. It's sort of a mix between an indoor farm and covered ODRAS. With real APM tanks. Probably shallow tanks. And the benefit here must be that the shrimp grow faster and bigger, fetching a much higher price. This is all Mexican White.

This, to me suggests we could see up to $10M in CA service revenue for Q1

On December 2017, CA also acted as a turnkey contractor to AF3 starting the construction and development of ODRAS (3G) Farm 2 on 186 Mu of land located opposite to AF3’s old open dam farm’s property at Shenwan Town, Zhongshan City, Guangdong Province. ODRAS(3G) farm (2) is expecting to start production operation within April 2018 targeting annual production to exceed 1000 MT (annually yielding 8 MT / Mu) on net-effective grow-out area of 130 Mu.

And later this year we will see CA service revenues from the experimental farm, into 2019. A total of $32M.

Also, the other project in Yangjiang, I think they have 6,000 mu available there. This was mentioned in one of the Q reports. So they will do more 3rd gen ODRAS business there when funds are available. Also generating income for CA at roughly 35% gross margin.