Replies to post #142089 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

I didn't quote that part but it's 100x bigger. It doesn't tell us about profits but I think the payback time is 2 years.

Therefore, the plan going forward subsequent to this MWEF is to initially develop 150 Mu (or the equivalent of approximately 100,000 m2) on land located next to FF1 in 2018 with the aim to produce over 1500 MT of the MWP / year 1 of operation, generating annual sales revenue of up to RMB225 million (or $36 million). Based on experience, we estimate the overall capital expenditure (CAPEX) required to fund the construction and development cost on 150 Mu for this APM-RAS farm (MWP farm 1) to produce 1500 MT per year will be RMB200 million (or $32 million) calculated on cost of RMB2000 / m2. CA will earn its share of service fees as the turnkey contractor to Tri-way who will be the developer and operator of the MWP farm including funding the necessary CAPEX, including through the use of income derived from MWP sales produced from this farm. CA will only start the construction of the MWP farm only when Tri-way has secured sufficient financing to have it constructed.