Obtala Resources - Re: OBT Stream Log - Francesco Scolaro, Chairman of the...

Francesco Scolaro, Chairman of the Board, commented: "the conclusions of this report are very encouraging and substantiate our firm belief that the timber assets hold a value that was not previously recognised or appreciated. With the information that we have received and from the operational review it is our intention to focus on turning this into a strong revenue producing business that not only can produce attractive margins but has the ability to scale up in size. The initial production increase can be achieved with a small capital injection which we can fund. We will concentrate on improving and strengthen the management team on the ground to allow us to scale up this great business opportunity. The timing of this could not be better with demand for timber growing and outstripping supply both regional and internationally."