Grangex AB: De-risking

As the quarterly report does not add much to the issues that are central to the company – primarily the financing of the Sydvaranger project – we have chosen to publish a shorter comment when significant new information has become available. For further details, we refer to our full analysis from September, which we expect to update next when the financing solution is finalized and the final investment decision (FID) is made.

While awaiting the finalized financing package for Sydvaranger, the company has just published an investor presentation which both compiles the new details that have emerged during the autumn/winter and also presents some new significant information, which is why we have now decided to send out a brief update. The effect of this new information and the impact of exogenous factors such as the fall of the dollar almost cancel each other out from a valuation perspective. However, the precision of the calculation increases somewhat, albeit from low levels, and we also receive certain answers regarding the financing that allow us to limit the outcome range for the valuation to some extent.

Overall, we continue to see great potential in Grangex shares, which is now rapidly materialising.