Our view is that the incremental investments announced are value-accretive and we therefore raise our fair value range to SEK 1.1-2.4 (0.7-2.2) per share. We use three DCF scenarios based on a 10-, 15- and 20-year LoM and derive a new value range for Viscaria of SEK 0.8-1.8 (0.4-1.5). For the other projects (EVA, Granliden and Svartliden) we continue with our EV/mineral value multiple approach, leading to only minor value changes for EVA and no changes for the other projects.