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Article: Cathay Forest Releases Results of Independent Forestry Valuation Report.
- Article from:
- Marketwire Canada
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 9, 2009 (Marketwire via COMTEX) -- Cathay Forest Products Crop., ("Cathay Forest" or the "Company") (TSX VENTURE:CFZ) released today forest valuation reports prepared by Poyry Forest Industry Consulting Ltd ("Poyry"), an international forestry consulting firm. The reports concluded that the net present value of Cathay Forest's China and Russia based forest assets, based on a discounted cash flow analysis on a single rotation using a pre-tax discount rates of 11.5% to 12.0%, to be US$175.50 million as at September 30, 2009.
Poyry 's valuation composed of the following asset classes:
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