1. Yes, $A102,000 per tonne of log:

http://www.tfsltd.com.au/high_value.asp

"INCREASING HIGH VALUE

Perhaps due to the strong demand for Indian Sandalwood and its multitude of end uses, there is a growing shortage as native Sandalwood resources are depleted. India supplies over 90% of the world’s Indian Sandalwood but their supplies are uncertain and ravaged by illegal harvesting and smuggling.

Indian Sandalwood is now listed on the World Conservation Union’s (IUCN) Threatened Species Redlist due to this exploitation of the natural resources. Sources in India suggest that supplies of good quality wood may be depleted in as little as five years".

2. And the fragrant oil as well:
http://www.tfsltd.com.au/perfumes_co...omatherapy.asp

COLLABORATION AGREEMENT WITH ALBERT VIEILLE
14 June 2007
http://sa.iguana2.com/cache/309b5f7d...TFC-365285.pdf

3. Website: http://www.tfsltd.com.au/corporate_profile.asp

4. History:
http://stocknessmonster.com/news-his...=ASX&Year=2007


5. Placement and SPP:
http://sa.iguana2.com/cache/949d425f...TFC-367860.pdf

A worthwhile investment, IMHO

Dec 2006: Newsletter to Growers/investors

http://www.tfsltd.com.au/files/Dec%2...Newsletter.pdf

2 July 2007: Sales and profit update:
http://sa.iguana2.com/cache/482e9653...TFC-367307.pdf

"TFS Corporation Limited (TFS) today announced that its 2007 Indian Sandalwood Project had closed oversubscribed. New product sales for the full year to 30 June 2007 were in excess of 525 hectares, representing a significant increase over the 326.5 hectares sold in FY06.

“We are extremely pleased with this outcome, “ said Frank Wilson, Executive Chairman. “It reflects the appeal of our MIS product, following the recent establishment of regulatory certainty for forestry MIS, as well as the compelling long term market outlook for Indian Sandalwood, “he added.

Based on this sales result, TFS now expects net profit after tax for FY07 to be at least $16.5 million, or a greater than 30% increase over the $12.0 million reported for FY06.
“The upwards revision to our earnings expectations, from a previously indicated increase in net profit of at least 10%, is a direct reflection of the better than expected sales performance,” said Mr Wilson.
TFS expects to release its full year results in late August 2007".

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.