Forest Block Lot 39, Pine Farm 65

Located approximately 65km North West of Gisborne city up Ruakaka Road off SH 36. Forest access via one main leading ridge which will give good logging roading. Growth rates have been up to expectations. The forest is in good health. Some silvicultural work still to be done. Pine farm 65 comprises 299.9 ha of GF 25 pinus radiata. Planting in 2002, initial stocking of 976 stems per hectare. Year of establishment - 2002. Net stocked area - 299.9 ha = 120.1 ha have been pruned to a height of 5.1 m and a stocking of 399 sph. DOS is 19.0cm. A furthur 102.4has was second pruned to an average height of 4.9m and a stocking of 417 sph. Current stumpage estimates based on 12 Q MAF log survey and current harvesting costs $33,000/ha. Percentage entitlement block No 38: 3.27%. Land value $30,000. Land Area 8.1235 ha Planted area approx 7.5 ha Pruned and thinned Some silviculture work to be completed Professionally managed Good infrastructure Only 65km from Port Eastland This is one freehold title within a larger forest. the trees are run as a partnership with the shares being expressed as a percentage of the whole.