According to that article PLS was very conscious of how much...

According to that article PLS was very conscious of how much they wanted to spend. It also intimated that both WR1 and WC8 were a bit behind LRS in development. However, all things considered, they must surely have given serious consideration to WR1 six months ago just before they apparently started doing due diligence on LRS. We were very cheap then also, in the 50s, and must have given them ideas that we might cave in to a $300M offer. I bet if we had acquired the option for Renard prior to them plumping for LRS due diligence we might well have got the nod instead. It just makes me think that if a Renard-inclusive PEA comes up roses there'll be serious discussion in at least one other boardroom about an offer - and they'd know at that stage that $300M would be laughed off.