Ann: Strong Confirmatory Results from 2nd Ohmgebirge Drillhole, page-18

My initial assessment is that they will have to sink a decent shaft to access the deposit... so yes capex will be higher than ramp access projects such as HFR and Emmerson plc. Unless they can pull something out of left field like secure permanent access from an existing (old) shaft on the border of the license, or access some shallower parts of Ohmgebirge first via ramp (I need to look at the deposit in more depth). SS will apparently be quite detailed, so looking forward to any hints of plans there.

I would see the most likely paths for the company are to bring all of the resources across the licences up to at least indicated, complete DFS on Ohmgebirge and then partner with or sell to a major. Although by that stage the MC should be 5-10x higher. Also I need to look into possible government and green financing options. Will be able to guess at expected path based on who they appoint as CEO.

Would love to hear other's thoughts about the above.