Sino Agro Food Inc (fka SIAF)

[Vilgot]

Regarding SJAP IPO value:
IMO, what I think you are forgetting is that deboning capacity is 50 000 heads of beef and 100 000 sheep. But you are only taking in consideration that they will debone there own beef cattle (12 000 in 2014 according to Solly, not 10 000 as in your calc) what would the figures look like if say SJAP would debone another 35 000 heads of beef by other suppliers in 2014 with a 40 000RMB(6 534 USD)/head according to Q2 CC. and 50 000 sheeps (which of I don't now the revenues/head) hence I believe there is more relevance to Sollys 200 + MUSD revenue prediction. Solly has made me disappointed many times but never on top line growth. The interesting part is what margin can we expect on the deboning and packaging services and how will this effect overall margin for SJAP, or?