This would be something that Seema would be looking at, right? Maybe even Ruby?
Now in terms of a bank, the land would be collateral. I don't know the particulars you linked, but that's how my bidness past worked. When I built houses the land was collateral, and the bank loaned 80% of the appraised value of the house I was building.
In Seema's model, and GB's (I assume, VSPC hasn't said) they want to build a power plant on a plantation growing GKG.
VSPC could do the same thing as their own project developer. If they follow the model I laid out, I will speak HIGHLY of Karl, and may even make a video for FREE praising the move. My guess is any financing will be toxic so I will take my SHORT position.