also I'm no broker and someone else here has probably already...

also I'm no broker and someone else here has probably already done this but just some very simple calcs here?
EBITDA for 6 months end 31/12/18 is $8.3M
therefore say $16.6M for FY19?
PE used by CASA in their presentation is 13.3
13.3 x $16.6M = $220.8M
number of shares currently (according to 31/12/18 6 month results) is 146,329,906
$220.8M / 146M shares = $1.51 ?

this takes no notice of all the hype over the last 6-12 months?
Someone tell me where I am wrong and how the Board are ok with $1.10??