Aug. 5 at 1:46 AM
$VGAS Stage 1 capex is 235 mil $, 7 mil gallons modeled at 2.25$ mmbtu, current nat gas is 2.7$ was 3.3$ a month ago, verde hits 1.38$ gross margin per gallon. 7 mil x 1.38$ = 9.66 mil$. Just the interest payments on the capex of 235 mil at 10% equate to 23.5 million. Simple fuking math :) This is why they shelved it for anyone that cares to actually realise what you are buying, instead of following the pump crew leading you on benders.