Ann: Renard Project Update, page-65

Unless people were planning on selling pre development, then the interim price is noise .

think of this as the seed of a development that blooms into a oak tree. Whether we were are 300m MC (1.40) a couple of months ago, or 120m MC today . That is but the foundation of a multi billion dollar destination. The assets have not changed. the option on a billion dollar replacement value Renard has not disappeared. Better still we learn that some potential corporate fizz surrounds the Renard cost ? Strategic/ government?

when deliverables are maturing and industry places a value on the stock , not the minority sellers of the registry today , is a different sentiment that will reflect buyer in control not sellers.

The majority clearly see the merits in the bet on the destination. As less than half a percent of issued shares change hands on a daily basis.

If this was a train without a track there would be justified nervousness. Yet that would not seem to be the case, as we have identified a significant fast forward pass to capex finance and approvals . Bring forth the PEA and cometh the Fizz.