Not having a go either ... but simply asking ... what is ASP...

Not having a go either ... but simply asking ... what is ASP (that you think is needed) for NAL to earn a reasonable return AND have you made forecasts (whether they are price/costs/production tonnes/MREs) ... because its a tricky thing to do and you have put something in.

I've said it before, I prefer my "forecasting" to be done on a probability model and using Monte Carlo analysis. That's beyond scope for most as it is very mathematical process whereas many of the price agencies are also doing actual "channel checks" for supply and demand with interviews etc.

It may be foolish to forecast but if you did not then I can guarantee you this
1. You wouldn't be able to raise a nickel with your equity prospectus
2. You wouldn't be able to raise a penny for a loan.

Its the basis of investing and why investors "risk adjust".