Even a book on the shelf, reserved for reading in the spring...

Even a book on the shelf, reserved for reading in the spring time, is value to the astute book collector.

Renard is that book. It has intrinsic value of $1b of infrastructure, (excess of what required.?) that is a savings to any green field developer of CE has said $500m.

That is $500m off the price of your future capex. That is an attractive hedge for a predator who wants to stack their book collection at the weekend winter sale for used books.

A Ferrari in your driveway. But you need a track to race it on. And a few tyres and refurbishments. The advanced nature of a mature asset combination, an attractive to bet for a counter cyclical predator.

what we have, in a climate of geopolitical risk escalating that could spell supply disruption - and the west needing to firm its own verticals.
- best jurisdiction for longevity given the Uni party EV mantra, and the west wanting its own verticals outside of china.
- low risk approvals pathway
- low residual finance burden with $500m savings.

That is a bundle, attractive to a pro western firming predator.

$1b of Renard plant, to in effect to our going concern, means that $500m we dont have to spend.
Its a $500m gift voucher in the Capex store. (and approvals store)

When some are selling, accumulators buying on the other side of that, are rationalizing that we are worth more than the 100m mc or so, with that bundle and to come, book value in hand to a predator, or simply wait for the multiples from a lithium 3.0 tide rise. That tide rise, would lift the most credible the highest.