WR1 General Discussion, page-29698

There was 4months of due diligence done by CE and team prior to offer being made and accepted.

other offers from diamond producers were not feasible, costs v production didn't work.

CE mentioned "fluke" and it is. 2016 DFS is available for anyone to review. A 2018 engineering study is also available via comex for the 8000tpd upgrade for secondary ore processing. Primary still remains 11000tpd. Fwiw in 2021 8000tpd was approved.

i am more than confident final capex estimates will be less than 75mt USD for a 2.5mpta throughput.

i found costings from the Canadian governmemt studies, CE is 100% accurate about the road north from renard. Its actually less than 1mil per klm, and alot of that cost is for fill. Kimberlite waste is approved for this road fill, and makes up a large portion of this metric, but with Wr1 Co applicants along with Cree, I expect it will again drop the cost of the road.

if I understand correctly, wr1 would be up for 25% of the final cost after grants. And yes, grants will be approved, it's been submitted by the Cree.

any questions, reach out.