CLI prospects for 2020, page-26

I guess the market is now looking at 2020 while the company seems to be absorbed in 2019.

Let's suppose that we tripple hemp farming in 2020 to 1500 acres so:

Income for 2020 without the balance harvest revenue but including ag services: $18 mil ( $3 mil from ag services)

Outgoings to 31st Dec 2020 in AUD:
Repay loans etc:.......... $8 mil
Costs for 2020 :.............$33.5 mil*
Total outgoings..............$41.5 mil
Less income above.......$18 mil
Balance.........................$23 mil

Sale of trimmed flower say ...................................................$2 mil
needed revenue from the 70% biomass................................$21 mil AUD ( $14.5 mil USD)
(potential income from a seed distribution deal excluded)

Lets say that our balance of biomass is 630K lbs @ 12% CBD , then this would pan out at $23 USD/lb or $1.90 USD/point.

IMO that is gettable

*while I roughly trippled our farming costs, there should be some reduction per unit cost over 2019 due to experience gained &
lower seed/seedlings costs. Even if we get close to this, a short term loan or bank OD would do the job, IMO.
JVs for even higher acreage would work well IMO, because they would reduce land lease & labour costs.
Ag services to hemp growers as well as established income from other crops should lift income well above $3 mil for 2020, IMO

Warning: This is a very rough guesstimate.