With Quebec 45% rebates, offsets some of the higher cost drills limited to strategic minerals. So if outside that spectrum, could alternatively look for a Brazil or Kazakhstan low cost drill ready advanced asset.
If we dont get strategic, and Renard is set aside to stranded status, maybe we can get it for cheaper later. The double edge of Renard is both the capital and the low risk approvals. Hard to see us walking away from it if indeed we are betting on the forward curve. But would we gamble on leaving it there only to have right of first refusal ? Best if none came, and indeed we were able to scrape it up for even less.
All the big names that CE says has been talking to, lets see if they truly bet on the forward supply needs, and want a high equity deal.
WR1 Price at posting:
16.3¢ Sentiment: Buy Disclosure: Held
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