Deutscher BergbaubriefConclusion:It's rare to be lucky enough to...

Deutscher Bergbaubrief

Conclusion:

It's rare to be lucky enough to be in on one of the most important new discoveries in a sector from the start, and for us, that's the case with Sovereign. Now, some may whine because the stock didn't immediately shoot up after the study. That doesn't bother me.Institutional investors don't buy their positions on the basis of a report, they check the investments beforehand and seek contact with management. These discussions will take place in the new year and then we'll see. I feel very comfortable in the stock and the upside potential remains high. Sprott currently sees A$1.40 as fair, but thinks A$2.75 would be possible in the longer term.In addition, we as shareholders now have the nice situation that the news flow will continue to be strong. Often after the publication of studies is first quiet, but not at Sovereign.We should see many more drill results as early as the beginning of the year, both from Kasiya and NSARU. Ideally, the two projects are related, so we'll see. Then the next new resource calculation will come at the end of February/beginning of March. The management assumes that it will be possible to increase the deposits in this study by another 60% to 100% (!!).This new resource will then be followed by an update for the scoping study!Translated with www.DeepL.com/Translator (free version)

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