webinar most important points imo:CE estimates cost for...

webinar most important points imo:

• CE estimates cost for all-weather haul road connecting Reynard and Adina at 1m / km, and they think it'll be 80km "not a long distance by mining standards"
• CMIF may fund up to 75% because it's a Cree application, and there are other additional federal & provincial funding options
• Timeframe for road completion is roughly in line with what they would need to do with the (now faster & derisked) permitting timeline for Adina
• Stornaway has significant accrued losses, mgmt are investigating whether Winsome will be able to benefit from them as tax credits
• The plant at Reynard is "remarkably similar" to what mgmt have been starting to design at Adina, and has been kept in very good condition by Stornaway
• DMS plants are "fairly similar the world over", "based on our due diligence they can be relatively easily repurposed", "it doesn't involve chemicals and is mostly about getting the crushing size and gravity cut points right"
• Capital cost saving anticipated to be in 100's of millions.
• Quebec Govt is 35% owner of Reynard mine, and largest pension fund in Quebec is 15% owner. They would become significant shareholders of Winsome if the company pays for part/all of the acquisition in shares
• Aiming for 100mt MRE in 2024
• CE and Simon are going to Japan and Korea soon to advance talks with strategics