CLI Forward Fundamentals, page-6

Rather than being negative, why not give us your calculations please?
We'd all love to have a look at your guesstimate sums of NPAT, EPS & P/E.
I simply mentioned payback of loan rather than paying interest on it as required by EBITDA.

If we take the outgoings for June Qtr + the forecast outgoings for the Sept Qtr ($3.8 mil + $3.8 mil AUD) we get $7.6 mil total
Multiply this by 2 to account for Dec & next Mar 2020 Qtrs we get $15.2 mil outgoings for the full year with only one harvest & say
$half mil revenue from Crop Logic irrigation & surveillance systems. This, IMO, is a more realistic way of arriving at the real all-in sustainable costs rather than accepting the cash costs of $6 USD/lb without the add-ons.

What's your rationale?

This , IMO, still pans out at AISC of $14 mil AUD odd P/A goung forward.

Fundamentally the SP depends on EPS (NPAT/# of shares) X a notional PE.