Ann: Exclusive option to Acquire Renard Project, page-453

That's the thing - it sounds like it won't take long for Renard processing to be ready for Adina (ROM pads etc excluded).

So getting that road and permits completed ASAP is necessary or Renard will be ready but could sit idle.

The current owners carry the cost of C&M until we decide to exercise the option - so I am expecting that not to take place until around this time next year.

CE and crew must realise this - I wonder what assurances they have received from the government about sensible permitting timeframes.

The government has talked the talk about short, sharp processes - now in their first chance to demonstrate that commitment with simple conversion permits at Renard and a simple, low environmental impact mining op at Adina.

An amazing opportunity for the Cree to get back involved with setting up Adina, retooling Renard and constructing the next part of the road - not too long after those employment opportunities reduced significantly at Renard.

This stuff just keeps all parties winning.