Land-Based Indoor RAS Mediterranean Common Pandora / Pagel Yield 2026

Underwrite circular flow raceways rearing delicate culinary Mediterranean Common Pandora (Pagellus erythrinus / Pagel, reaching 450g restaurant portion size in 10 months), gourmet wholesale pricing ($23.50/kg), and facility EBITDA.

Underwriting Assumptions

Annual Pagel Harvest (Metric Tonnes)

Wholesale Farm-Gate Pagel Price ($/kg)

Biological Feed Conversion Ratio (FCR)

Sustainable Marine Microalgae Pelleted Feed ($/kg)

Chilled RAS Power, Oxygenation & Labor ($/yr)

Projected Economics

Gross Annual Pagel Sales

Annual Feed Expenditure

Net Annual Operating EBITDA