You said in your opening remarks that the due diligence cost for this project represents less than 0.1% of CIB's announced investment of $655 million. Is that a regular rate? My background was working at CIBC Wood Gundy for many years and then Raymond James, and I remember seeing many IPOs and term sheets. Is that a competitive rate? Would you say it's below? Are fees expected to be higher than that? Where are we in terms of value received for the $900,000?
On April 9th, 2024. See this statement in context.