Tuesday, June 26, 2018 9:19:19 PM
You are exactly right.
I have doubt about the figure and thought we had seen this sort of calculation here in the past.
That figure seems WAY over the top but I am not finding any sort of info contradicting that.
Your numbers match those in the story i posted.
If those numbers and acreage conversion is correct the land for this project will produce the 500-800 tons when it is in full use.
As of today the production of silk in VN is 450 tons a year.
More than doubling their current output.
In my head I can not fathom doubling the production of an entire country as a "start up plan".
I was expecting the first year of production I would be happy if they can get 1 ton a month.
didnt see passing 5 tons a month for a few years.
but using that land is enough for over 10x that.
I understand the time span of the project is at 10 years. But getting that capacity in 10 years is FAR beyond my expectations.
I was very conservative in my guesses at production abilities I should have been buying way more shares over the years.
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