Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26

think about the cycles, its those that can be timed to feed into lithium 3.0 that return real growth for holders.

Real growth. I'm not talking about sugar hits, which all that joined the bandwagon enjoyed to some degree in lithium 2.0, Rather those who can time their production to supply any interim over shoot of supply deficits. Use that to turbo charge the repayments on their capex. etc, and settle into sustainable profits as they have taken away the finance burden.

Now yet for the better still, we are only looking at 260m or so, and who knows how much of that may be strategic paid for on a project split. But on a world scale, its is Brazil level capex in a Canada tier 1 jurisdiction.

In just a few short weeks, it may be possible if Renard optioned (almost a certainty i would bet) that the brokers can start to consider that enormous book value gained.

Imagine this comparison. Two identical companies with similar assets need to build capex in Canada.
One has to pay 1b, the other has to pay 260m + 52m. And the latter has an advance on all its permitting.
(As Renard is built, IMO seen as low risk to modify plant than brown field build permitting)

The market must realize at some point, the greatest risk is permitting. When you hold an Ace in your hand, your bet is ahead of the pack.