A big question that remains is how the capital and operating...

A big question that remains is how the capital and operating costs of the Hazer process compares with SMR (or SMR + CCS).

If comparable or cheaper, it should be game over for SMR. If the Hazer process is more expensive, then it depends on the graphite market and whatever implicit or explicit price is placed on carbon (or the cost of adding CCS to the SMR process).

In Feb 2018 Hazer released a theoretical analysis of Hazer process costs compared to SMR and Electrolysis that showed the Hazer process could be cost competitive, and that was before the second-gen PPP achieved three times the expected throughput.

Preliminary Conceptual Modelling & Economic Analysis

Hazer Pilot Plant Exceeds Capacity Targets

So with the information from the later testing and FEED study, Hazer should have a very good idea how capital and process costs compare with SMR.

When will the owners of the company (shareholders) be informed?