G1A is dirt, VRX is ‘silica gold’ - you can’t compare the two
Speed to market, vrx to skip the orphan period - Offtake, funding, construction, all within 9 months for VRX all the whole signing up Offtake after Offtake for projects 1,2,3
Capex, VRX needs only an initial $28m (G1A $171m LoL) VRX Could use debt or cash flows from project 1 for projects 2 and 3 avoiding or significantly reducing dilution.
VRX doesn’t require chemicals, simple processing, low risk
Post tax IRR
VRX = 83 % possibly much higher as the bfs was conservative
G1A 32% loser
no legit comparison between the two imo
G1A is dirt, VRX is ‘silica gold’ - you can’t compare the two...
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