216m FP x 57c = 123m MC - 50m cash = 73m EV
for option on 50m cost for Renard => 900m spent capital in place, probably 1b in todays dollars.
Outstanding capex guestimate ?? ball park 200m.?? (wait till brownfield PEA for actual)
A company that has the fast forward pass, on capex. How many others have a viable pathway to protect their capital, reduce finance risk, and reduce approvals risk, as Renard comes fully built / with minor adaptations / revised permit to spod / diamond.
I can understand discount prices for stocks that still have that huge capex / permit/ finance risk hurdles, but we are being discounted baby with the bathwater, and contrarian buyers accumulators are banking on our unique credentials.
216m FP x 57c = 123m MC - 50m cash = 73m EVfor option on 50m...
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Mkt cap ! $114.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 17560 | 52.5¢ |
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| 53.0¢ | 7263 | 1 |
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