A sound, gradual strategic plan to increase production.The...

A sound, gradual strategic plan to increase production.
The volume increases look very achievable when you look at their US & Asian market shares together with the annual growth in fish consumption.

Worth noting that the financial illustrations of 4,000 & 6,000 tonnes of sales have zero price increases where as CSS has achieved price increases year on year every year.
$0.50 & $1.00 increases respectively on 4,000 & 6,000 tonnes volumes would flow $2m & $6m straight to the bottom line.
That would increase EBITDA to $9m+ & $24m+ for 4,000 & 6,000 tonnes.

The reduction in biomass sales cover indicates to me that they are becoming increasingly confident in their fish health outlook.