RE:RE:RE:RE:RE:lol CRE is gonna get the permit and have a -5% day, classic!Hey Wheeler,
You are right in saying that 25% of 725 million is a far cry from 25% of 2.5 billion. The discussions I was referring to are pre-pandemic.
Add to that the build cost for phase one was estimated at 340 million CDN and now we are talking about 450 million USD.
It may not be 25%, but if we want some kind of joint venture with a partner the deal has to be sweet to lay down cash for a promise and not shares.
But as you pointed out, times have changed quite a lot and so has our after tax IRR that jumped to 82.4 % . The whole build could be paid back in 15 months !!