Why did this project stall? Why did the company switch focus? The TGC not the greatest %, but the IRR and NPV look good. Lack of genuine offtakes due to being a bit early in demand cycle?
I expect the capex to be much higher now, but the IRR ought to still be very strong. FFX have some cash now, and looking for a project. Maybe a JV company can be set up with Volt free carried for stage 1, debt and profits to funds stage 2....
VRC Price at posting:
2.0¢ Sentiment: None Disclosure: Held
