Plenty of stocks get priced discounted in a fear trade, but few...

Plenty of stocks get priced discounted in a fear trade, but few have industrial merit to be repriced further on.

There is a difference in who sets the price in that fear trade, the emotional. Vs who sets the price in an industrial regime. Who that takes from the emotional price points, and sets a wager that it is redeemed at industrial price strength ahead.

We have one of the lowest capital intensive assets in North America with Renard option. That would make us competitive with the low capex Brazils, yet with better jurisdictional safety. Very appealing to the Europe / North Americas.