it is a bird in the hand, i will grant you that.
But not what may come from the upside in their development.
But does also show, what a predator is prepared to swallow whole, the future capex, X 2 in their purchase price.
It will be interesting days ahead, when we present the PEA on Renard, and take up our option, with come what may of commercial corporate to assist in that.
As that will then present our Capex in place, and outstanding capex. What a predator needs to swallow, in lou of diversifying into the north american and Europe markets. And what with a similar size MRE (78mt) , although near surface and low strip ration Adina starter, would make a meal of. Noting our upside target 100mt plus.
All gets very juicy at near a 100m mc today. Just saying.
it is a bird in the hand, i will grant you that.But not what may...
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