Quick Skim... IRR plummets on face value as the Capex doubled to...

Quick Skim...
IRR plummets on face value as the Capex doubled to 66m, and assuming a 12% borrowing rate but....
In addition, VRX has also received enquiries and expressions of interest from organisations across Asia for silica sand products from the project and holds signed letters of intent for substantial tonnages. A number of these organisations have expressed interest in becoming a funding partner of the Company for development of a mine by way of pre-paid offtake arrangements.
sand
Cost per ton up 1.25c
cash flow up over 25years by 200m
Still using the same base $38 USD a dry tonne for the math.... and keeping pricing constant over the entire 25year period which isn't likely (in any commodity).
Basically ends up at the same $40m positive cash flow (EBIT) per year

nut shell, its conservative and base case (as expected) and proves that even doubling the CAPEX and an increase to OPEX and adding in finance at credit card level interest rates, its still a money making machine.

oh and the DVT machine is built