| Conservative Revenue Projections |
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The attached Conservative Revenue Projection is based on a 6% inflation on the January 15th, 2008 published teak prices from ITTO, The International Tropical Timber Organization. These conservative projections forecast BBRs Teak Plantation to deliver a total of roughly 5.1 million board feet, all at Rough Sawn grades RS1, RS3 and RS4 even though we expect the plantation to deliver more board feet than projected and quality grades running the spectrum from Rough Sawn RS4 all the way up through 1st Quality 1Q1.
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