Generalizations without showing your figures do not really explain anything.
Maybe visit the speeding ticket announcement, you may find more info there.
Btw, GXY having cash vs no regular sales + big outlay that has had no returns yet (even historically), is a bigger risk in my view. I suppose we all have our risk profiles.
Once again, AJM had 4 recent dd by different entities: 3x offtake partners + 1x cornerstone investor, so I trust their dd a lot more, than the esoteric concept of debt