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Vintage commenced on the 19th of March with Shiraz and concluded on the 15th April when the last of the Petit Verdot was harvested. The final yield of 3,361 tonnes was below our early season estimate of 3,800 tonnes but as it was still an increase from last year’s total of 2,258 tonnes. Fruit quality was generally strong, although some heavy rainfall events mid to late harvest did create some quality issues in the Malbec, Mataro and Petit Verdot. 50% of the crop was sold, under contract, to AVL, the balance has been made into wine for sale on the bulk wine market. If we are successful in marketing the wine (the majority of which is already presold) we believe we can achieve revenue of over $2.5 million, net of winemaking costs, for the crop. The ongoing costs of running the vineyard have been reduced to under $2.2 million for the coming year, so depending on the timing of the red wine sales we need to make, this vineyard should continue to be cash flow positive throughout the year.
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