As DH stated in the video they are 2.5 years into a 5 year programme ending in FY21. That is why the results presentation quotes FY21 as a targeted cash profit number of $2.50 per kg as it is at the end of this programme NOT because it is the first year of cash profitability.
I'd expect the company to continue on it's current fully funded plan until it achieves 4,000 tonnes p.a. & only then look at further expansion & funding plans.
Personally i think we are near the low point in the sp before the next phase up as the 5 year programme comes closer to being achieved. March is expected to be flat yoy (due to Easter being in Apr this year) but if Q4 continues on Jan/Feb has then i can see great momentum for FY20.
CSS Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)