2021 - The Year for EMH, page-1111

Hi Belgian

With respect to risk I believe most of the risks have been somewhat mitigated:
- Permits, de-risked by CEZ involvement
- Finance, de-risked by CEZ involvement and having EU based partner proving an easier path to grants (EMH is essentially Anglo/Australian so if they owned 100% of Geomet may not be eligible)

As I understand it we have a professional and amicable relationship with CEZ. It is worth noting that it is EMH personnel that are actively involved with the early project requirements, including:
- LCA Specialist Engaged (10/6/2021)
- ESG Reporting - ESG Committee chaired by EMH's Ambassador Lincoln Bloomfield (24/5/2021)
- Lock Cycle Testing Confirmations (19/5/2021)
- Drilling Updates (6/5/2021)

Upon peer review and DFS expectations I am looking for a capitalisation of over 500million and a corresponding price upwards of $2.75 within 9 months. If we got to half of VUL's capitalisation we would be around $4.

Obviously there are still uncertainties, like there is with all projects, but this project will fly IMO.