|
|
The Project has up to 80 hectares available for investment and up to
1400 Interests will be allocated to Growers.
There are four primary Project targets that the Manager has identified
as being imperative to the success of the Project. Namely growth rates,
mortality rates, weight at harvest and price per kilogram. Table One
below states the targets set by the Manager.
In relation to price, in the 2005-2006 financial year the total of all
Australian exports in abalone was 3665 tonnes at a value of
$245,627,000. On a simple calculation basis that would equate to
$67.0213 per kilogram. These price figures are for total tonnage and do
not relate to actual prices obtained from abalone grown on the site.
|
Table One – Targets |
|
Growth rates |
2.65mm/month |
|
Mortality rates |
14.66% |
|
Weight at harvest |
220 grams |
|
Price |
$44/kg |
The following harvest proceeds will be obtained for each
Grower’s Interest only if the targets are met:
|
Juvenile abalone seeded less mortalities: 4,400
x 0.8534 |
3,755 |
|
Weight at harvest (total animals x 220 grams)
|
826.1 kg |
|
Harvest Proceeds at $44/kg |
$36,348 |
DISCLAIMER: Investors should note that these are targets
only, they may not be met and are not predictions or estimates of likely
return. Past performance is not necessarily a guide to future
performance. Investors should also refer to the Investment Risks listed
in section 8.0 as these risk factors may impact on the future figures.
|
Market for the Product |
|
• |
The primary market for Greenlip
Abalone – both cultured (grown) and “wild caught” is
China. |
|
• |
The cultured variety allows the
Responsible Entity to meet demand at any time, with
any size or weight, and therefore to schedule
pre-sales. |
|
• |
World demand for abalone has not
been met by supply since 1975 and estimates for 2007
are that demand will outstrip supply by 30% or more
than 5000 tonnes in 20072. |
|
• |
Supply is perfectly poised for the
proposed Australia / China Free Trade Agreement. |
|
• |
Positioned for further deregulation
of Chinese currency. |
|
• |
World trend is toward cultured
seafood. |
|
• |
Stagnant “wild” caught quotas are
unlikely to change. |
|
• |
World wild catch fisheries have been
reduced by more than 50% over the last 25 years. |
|
• |
Asian markets view abalone as a
delicacy. |
|
• |
Massive growth in Chinese middle
class. |
|
• |
Increased Japanese demand as a
result of market recovery. |
|
• |
Demand can only be met through
Aquaculture. |
|
Investment Summary |
|
Close Date |
15 June 2008 |
|
Initial
Investment (ex GST) |
$ 25,000 |
|
Min Number of Interests per
Investor |
1 |
|
Management Fees (ex GST) |
$2,950 p.a. indexed to CPI |
|
Lease Fees (ex GST) |
$1,850 p.a. indexed to CPI |
|
Project
duration |
7 years |
|
Project Size and Raising |
28,000 Abtrays®,
$35 million |
|
|
|
1
100percentinvesting receives trail of 0.5% paid
annually for 6 years.
This commission is
paid by the fund manager and is NOT an additional
charge to you.
2 FISHTECH,
www.fishtech.com, “World Abalone Farming”. |
Simply download an Investment
Brochure/PDS above. It’s that easy! |
|
