Flash Research Note from Aesir, page-4

Here’s the final paragraph that I think sums it all up:

Price Target Under Review as the Asset and Cobalt Price Surprise to the Upside

a. The initial exploration target exceeds original Aesir estimates. Additionally, the
grades from recent drill holes are suggesting the deposit is higher grade than
originally forecasted. Both variables will dramatically increase in-situ rock value.
b. Met work suggests that the processing may be simpler than even originally conceived
thus lowering capex and opex requirements
c. According to Borg, the most recent discovery carries some large implications for the
scale of the mineralized system.

i. “This discovery of deeper and more intense mineralisation is an exciting
development for the Project, as it demonstrates significant potential upside to
the scale of the mineralised system. This is the first occurrence of semi-massive
sulphides at the Project and adds weight to our theory that a more significant
feeder system for the mineralisation may exist”.
ii. Demonstrates size upside (exploration target could easily double)
iii. Should be higher grade based on visuals of the drill core
iv. Better, more intense sulphide zones still to be uncovered (this most recent hole
was not targeted at any geophysical anomaly)​