Some Saturday morning rambles (not financial advice)
So for roughly what the cost of a 300 room camp would cost to buy new we are are getting a whole Lithium Plant with a Capacity near to 3mtpa with an Airport
I think LTR is going to be 3mtpa and the plant cost around a billion
LTR's current valuation is 1.9b, was around 6b when Gina was buying up
So when we drill up more than 100mt we will have an LTR sized project but our costs should be lower and we have a much simpler process than LTR (all floatation and combined open cut and underground mining)
But one of the best things about Renard is most of the bugs have been ironed out of the system
It has gained a fairly big increase on its designed capacity already and we are not making any major changes to the flow sheet so our ramp should be a lot quicker than most greenfield start ups
I'll go back to LTR's current valuation, 1.9b that is 15X what we are at the moment and all we need is 80km of road a few modifications to the plant and permitting and we are done
Renard has got to be the deal of the century
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