Renard - It is the attraction of a Brazil capex price tag, in a North American address .
Every other North American hard rock developer has a larger capex pill to swallow.
Simplest view is Apple v Apple. with a polish .
LRS for $560m for its MRE + cheap capex requirements (floating higher with the price of PLS scrip)
But add the confidence of longevity in Canada.
V Brazil nationalism
Also whatever it saves us 500m , is book value to start with to any other peer to peer in Canada.
Then there is the value of the purchase of a low finance , approvals risk, to barter with. When other peers in Canada might struggle .
We should be worth no less than LRS, but more for the longevity of the jurisdiction confidence, and low risk approvals and finance runway .
Renard - It is the attraction of a Brazil capex price tag, in a...
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