.deep-page{background:#090d0b;color:#f2f1eb}
.deep-page .deep-header{background:rgba(8,12,10,.84)}
.deep-hero{min-height:100svh;position:relative;overflow:hidden;display:flex;align-items:center;border-bottom:1px solid var(--line)}
.deep-hero-image{position:absolute;inset:0;background:radial-gradient(circle at 25% 28%,rgba(122,102,57,.18),transparent 34%),linear-gradient(120deg,#0a0f0c 0%,#101711 48%,#070a08 100%);transform:scale(1.01)}
.deep-hero-shade{position:absolute;inset:0;background:linear-gradient(90deg,rgba(5,8,7,.2),rgba(5,8,7,.58) 52%,rgba(5,8,7,.97) 82%),linear-gradient(0deg,rgba(5,8,7,.75),transparent 55%)}
.deep-hero-inner{position:relative;z-index:2;width:min(1450px,92vw);margin:auto;padding:calc(var(--header-h) + 70px) 0 190px}
.deep-hero h1{font-size:clamp(72px,9vw,150px);max-width:1100px;letter-spacing:-.065em;line-height:.88;margin-top:24px}
.deep-lead{max-width:780px;font-size:clamp(18px,1.5vw,24px);line-height:1.65;color:#bdc4bf;margin:38px 0 0}
.hero-actions{display:flex;gap:26px;align-items:center;margin-top:40px}
.hero-numbers{position:absolute;z-index:2;bottom:0;left:0;right:0;display:grid;grid-template-columns:repeat(4,1fr);border-top:1px solid rgba(255,255,255,.12);background:rgba(7,11,9,.66);backdrop-filter:blur(10px)}
.hero-numbers div{padding:28px clamp(20px,3vw,52px);border-right:1px solid rgba(255,255,255,.1)}
.hero-numbers div:last-child{border-right:0}.hero-numbers span{display:block;color:#d6b66b;font:600 clamp(25px,2.5vw,40px)/1 Manrope,sans-serif}.hero-numbers small{display:block;margin-top:8px;color:#7f8982;font-size:11px;text-transform:uppercase;letter-spacing:.13em}
.research-section{padding:clamp(90px,11vw,170px) max(5vw,30px);border-bottom:1px solid var(--line);max-width:1800px;margin:auto}
.section-kicker{font-size:11px;letter-spacing:.18em;text-transform:uppercase;color:#7f8982;margin-bottom:60px}
.section-grid,.asset-head{display:grid;grid-template-columns:minmax(0,.9fr) minmax(440px,1.1fr);gap:clamp(60px,9vw,150px);align-items:start}
.research-section h2,.deep-conclusion h2{font-size:clamp(54px,6vw,104px);letter-spacing:-.055em;line-height:.94}.research-section h2 em,.deep-conclusion h2 em{font-style:normal;color:#d2b36a}
.section-copy{max-width:760px}.section-copy p,.asset-intro{color:#9da69f;font-size:16px;line-height:1.8}.section-copy .large-copy,.asset-intro{font-size:clamp(19px,1.55vw,25px);color:#c2c8c4;line-height:1.65;margin-top:0}
.source-row{display:flex;flex-wrap:wrap;gap:10px;margin-top:28px}.source-row a{font-size:12px;color:#9ea79f;border:1px solid var(--line);border-radius:999px;padding:9px 13px}.source-row a:hover{color:#d4b469;border-color:#8b7442}
.value-chain{display:grid;grid-template-columns:1fr auto 1fr auto 1fr;gap:22px;align-items:center;margin-top:90px}.value-chain article{border:1px solid var(--line);padding:34px;min-height:190px}.value-chain article span{color:#806f47;font-size:11px;letter-spacing:.15em}.value-chain h3{font-size:28px;margin:28px 0 8px}.value-chain p{color:#879088;line-height:1.6;font-size:14px}.value-chain i{font-style:normal;color:#76663f;font-size:28px}
.asset-section{background:#090d0b}.asset-intro{max-width:720px}.metric-grid{display:grid;grid-template-columns:repeat(4,1fr);margin-top:90px;border:1px solid var(--line)}.metric{padding:40px;border-right:1px solid var(--line)}.metric:last-child{border:0}.metric strong{display:block;font:600 clamp(42px,4vw,70px)/1 Manrope;color:#d5b66d}.metric span{display:block;color:#89928b;margin-top:16px;font-size:13px;line-height:1.55}
.insight-card{margin-top:70px;border-left:2px solid #9c8146;padding:10px 0 10px clamp(28px,4vw,60px);max-width:1100px}.insight-label{font-size:10px;text-transform:uppercase;letter-spacing:.18em;color:#9c8146}.insight-card h3{font-size:clamp(28px,3vw,48px);line-height:1.15;max-width:900px;margin:18px 0}.insight-card p{max-width:850px;color:#909a92;line-height:1.8}
.timeline{margin-top:90px;display:grid;grid-template-columns:repeat(4,1fr);border-top:1px solid var(--line)}.timeline div{padding:30px 30px 0 0}.timeline b{display:block;color:#d4b46a;font:500 18px Manrope}.timeline span{display:block;color:#8e978f;font-size:13px;line-height:1.65;margin-top:12px}
.epox-section{background:#080c0a}.epox-numbers{display:grid;grid-template-columns:repeat(4,1fr);gap:12px;margin-top:80px}.epox-numbers div{background:#101612;border:1px solid #1e2822;padding:32px}.epox-numbers strong{display:block;font:600 clamp(28px,3vw,48px) Manrope;color:#e0ded5}.epox-numbers span{display:block;color:#7f8982;font-size:12px;margin-top:8px}.dark-card{border-color:#4c6c5b}.dark-card .insight-label{color:#729580}
.tin-section{background:radial-gradient(circle at 15% 30%,rgba(135,115,66,.08),transparent 30%)}.status-box{display:grid;grid-template-columns:1fr auto;gap:0;margin-top:34px;border-top:1px solid var(--line)}.status-box span,.status-box strong{padding:14px 0;border-bottom:1px solid var(--line);font-size:13px}.status-box span{color:#7f8982}.status-box strong{font-weight:500;color:#d0d4d1;text-align:right}
.sotp{display:flex;align-items:stretch;gap:10px;margin-top:80px;overflow-x:auto;padding-bottom:10px}.sotp>div:not(.plus){min-width:190px;flex:1;border:1px solid var(--line);padding:26px}.sotp .plus{display:flex;align-items:center;color:#8d7541;font-size:24px}.sotp span,.sotp small{display:block;color:#7d8780;font-size:11px}.sotp b{display:block;font:500 20px Manrope;margin:22px 0 8px}.valuation-note{max-width:900px;margin:45px 0 0;color:#7f8982;line-height:1.75;font-size:14px}
.risk-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:1px;background:var(--line);border:1px solid var(--line)}.risk-grid article{background:#090d0b;padding:36px;min-height:260px}.risk-grid span{color:#7f6b3f;font-size:11px}.risk-grid h3{font-size:22px;margin:28px 0 14px}.risk-grid p{color:#858e87;line-height:1.7;font-size:13px}
.deep-conclusion{padding:clamp(100px,13vw,210px) max(5vw,30px);max-width:1800px;margin:auto}.deep-conclusion p:not(.eyebrow){max-width:900px;color:#9ca59e;font-size:18px;line-height:1.8;margin:38px 0}.deep-footer{border-top:1px solid var(--line);padding:34px max(5vw,30px);display:flex;justify-content:space-between;gap:30px;color:#737d76;font-size:11px}.deep-footer>div{display:flex;gap:24px}.deep-footer strong{color:#d5d7d3;letter-spacing:.15em}
@media(max-width:1050px){
  .deep-hero-inner{padding-left:28px;padding-right:28px}.deep-hero-shade{background:linear-gradient(0deg,rgba(5,8,7,.9),rgba(5,8,7,.25) 70%)}
  .hero-numbers{grid-template-columns:repeat(2,1fr)}.deep-hero{padding-bottom:120px}.hero-numbers div{padding:20px 26px}
  .section-grid,.asset-head{grid-template-columns:1fr;gap:40px}.value-chain{grid-template-columns:1fr}.value-chain i{transform:rotate(90deg);justify-self:center}
  .metric-grid,.epox-numbers{grid-template-columns:repeat(2,1fr)}.metric:nth-child(2){border-right:0}.metric:nth-child(-n+2){border-bottom:1px solid var(--line)}
  .timeline{grid-template-columns:repeat(2,1fr)}.risk-grid{grid-template-columns:repeat(2,1fr)}
}
@media(max-width:680px){
  .deep-hero{min-height:920px}.deep-hero h1{font-size:58px}.deep-hero-inner{padding-top:140px;padding-bottom:250px}.deep-lead{font-size:16px}.hero-actions{align-items:flex-start;flex-direction:column}
  .hero-numbers{grid-template-columns:1fr 1fr}.hero-numbers span{font-size:24px}.hero-numbers small{font-size:9px}
  .research-section{padding:82px 22px}.section-kicker{margin-bottom:38px}.research-section h2,.deep-conclusion h2{font-size:48px}
  .metric-grid,.epox-numbers,.timeline,.risk-grid{grid-template-columns:1fr}.metric{border-right:0;border-bottom:1px solid var(--line)!important}.metric:last-child{border-bottom:0!important}
  .timeline div{padding-bottom:25px}.deep-footer,.deep-footer>div{flex-direction:column}.sotp{margin-right:-22px}
}


/* V3 – breitere Investmentthese im Solidcore-Hero */
@media (min-width:1051px){
  .deep-lead{
    max-width:min(1220px,72vw);
  }
}

.hero-thesis-final{
  color:#e1e3df;
  font-weight:600;
}


/* V4 – Unternehmenskontext im Sticky Header */
.deep-header .brand{
  display:flex;
  align-items:center;
  white-space:nowrap;
}
.brand-context{
  display:inline-flex;
  align-items:center;
  gap:10px;
  margin-left:14px;
  font-family:Manrope,sans-serif;
  font-size:13px;
  font-weight:400;
  letter-spacing:0;
  text-transform:none;
  color:#7f8982;
}
.brand-slash{
  color:#9a8149;
  font-weight:400;
}
.brand-company-short{
  display:none;
}
@media(max-width:680px){
  .brand-context{
    margin-left:9px;
    gap:7px;
    font-size:11px;
  }
  .brand-company-full{
    display:none;
  }
  .brand-company-short{
    display:inline;
  }
}
@media(max-width:410px){
  .deep-header .brand-name{
    font-size:12px;
  }
  .brand-context{
    font-size:10px;
    margin-left:7px;
    gap:5px;
  }
}


/* V6 – AISC-Kennzahl auf Desktop einzeilig halten */
@media (min-width:901px){
  .hero-numbers .aisc-stat span{
    font-size:clamp(29px,2.55vw,48px);
    white-space:nowrap;
  }
}


/* V7 – kontextuelle Deep Links im Einleitungstext */
.hero-inline-link{
  color:#d7d9d5;
  text-decoration:none;
  border-bottom:1px solid rgba(211,178,105,.48);
  transition:color .18s ease,border-color .18s ease;
}
.hero-inline-link:hover{
  color:#d3b269;
  border-bottom-color:#d3b269;
}


/* V8 – Kasachstan- und Bewertungssektionen */
.research-section{
  background:
    radial-gradient(circle at 82% 18%,rgba(70,101,83,.09),transparent 31%),
    linear-gradient(180deg,#090e0b,#0b110d);
}
.country-grid{
  margin-top:78px;
  display:grid;
  grid-template-columns:repeat(3,1fr);
  gap:1px;
  background:var(--line);
  border:1px solid var(--line);
}
.country-grid article{
  padding:38px;
  min-height:300px;
  background:#0a0f0c;
}
.country-no{
  color:#8a7442;
  font-size:11px;
  letter-spacing:.15em;
}
.country-grid h3{
  font-size:25px;
  margin:34px 0 15px;
}
.country-grid p{
  color:#879189;
  font-size:14px;
  line-height:1.75;
}
.country-verdict{
  margin-top:54px;
  max-width:1120px;
  padding:34px 0 8px clamp(28px,4vw,58px);
  border-left:2px solid #617e6d;
}
.country-verdict h3{
  max-width:980px;
  margin:17px 0;
  font-size:clamp(27px,3vw,45px);
  line-height:1.18;
}
.country-verdict p{
  max-width:880px;
  color:#8e9890;
  line-height:1.8;
}

.money-snapshot{
  display:grid;
  grid-template-columns:repeat(4,1fr);
  margin-top:82px;
  border:1px solid var(--line);
}
.money-snapshot article{
  padding:34px;
  border-right:1px solid var(--line);
  min-width:0;
}
.money-snapshot article:last-child{border-right:0}
.money-snapshot span{
  display:block;
  color:#7e8880;
  text-transform:uppercase;
  letter-spacing:.12em;
  font-size:10px;
}
.money-snapshot strong{
  display:block;
  margin-top:22px;
  color:#d5b66d;
  font:600 clamp(29px,2.8vw,48px)/1.05 Manrope,sans-serif;
  white-space:nowrap;
}
.money-snapshot small{
  display:block;
  margin-top:13px;
  color:#757f77;
  font-size:11px;
  line-height:1.55;
}
.money-explain{
  display:grid;
  grid-template-columns:.9fr 1.1fr;
  gap:clamp(50px,8vw,130px);
  margin-top:78px;
  padding:52px;
  background:#101612;
  border:1px solid #1d2821;
}
.money-explain h3{
  margin:16px 0 0;
  font-size:clamp(30px,3.2vw,52px);
  line-height:1.16;
}
.money-explain p{
  margin:0 0 20px;
  color:#929b94;
  line-height:1.8;
  font-size:14px;
}
.valuation-bridge{
  display:grid;
  grid-template-columns:1fr auto 1fr auto 1fr auto 1fr auto 1fr;
  align-items:center;
  gap:12px;
  margin-top:70px;
}
.bridge-step{
  min-height:150px;
  padding:24px;
  border:1px solid var(--line);
}
.bridge-step span{
  color:#7f6b3f;
  font-size:10px;
}
.bridge-step b{
  display:block;
  margin:27px 0 7px;
  font:500 17px Manrope,sans-serif;
}
.bridge-step small{
  color:#788279;
  font-size:11px;
  line-height:1.5;
}
.valuation-bridge i{
  color:#7d6a3e;
  font-style:normal;
}
.valuation-note-strong{
  margin-top:42px;
  padding:22px 25px;
  border-left:2px solid #9c8146;
  background:rgba(156,129,70,.045);
}
.valuation-note-strong strong{color:#d2d5d1}
.data-footnote{
  max-width:1040px;
  margin:28px 0 0;
  color:#657068;
  font-size:11px;
  line-height:1.7;
}

@media(max-width:1050px){
  .country-grid{grid-template-columns:1fr}
  .country-grid article{min-height:0}
  .money-snapshot{grid-template-columns:repeat(2,1fr)}
  .money-snapshot article:nth-child(2){border-right:0}
  .money-snapshot article:nth-child(-n+2){border-bottom:1px solid var(--line)}
  .money-explain{grid-template-columns:1fr;gap:32px}
  .valuation-bridge{
    grid-template-columns:1fr;
  }
  .valuation-bridge i{
    transform:rotate(90deg);
    justify-self:center;
  }
}
@media(max-width:680px){
  .money-snapshot{grid-template-columns:1fr}
  .money-snapshot article{
    border-right:0!important;
    border-bottom:1px solid var(--line)!important;
  }
  .money-snapshot article:last-child{border-bottom:0!important}
  .money-snapshot strong{white-space:normal}
  .money-explain{padding:30px 24px}
}

/* V10 – Hero kompakter ohne CTA-Buttons */
.deep-hero-inner{padding-bottom:145px}

/* V10 – Investmentthese */
.thesis-pillars{
  margin-top:82px;display:grid;grid-template-columns:repeat(3,1fr);
  gap:1px;background:var(--line);border:1px solid var(--line)
}
.thesis-pillars article{background:#0a0f0c;min-height:285px;padding:38px}
.thesis-no{color:#806d42;font-size:10px;letter-spacing:.16em}
.thesis-pillars h3{margin:34px 0 8px;font-size:28px}
.thesis-pillars strong{display:block;color:#d6b66b;font:500 16px/1.5 Manrope,sans-serif}
.thesis-pillars p{margin:18px 0 0;color:#858f87;font-size:13px;line-height:1.7}
.thesis-note{margin-top:44px;max-width:1050px;padding:24px 0 8px clamp(24px,3vw,46px);border-left:2px solid #8d7541}
.thesis-note p{margin:14px 0 0;color:#89938b;font-size:14px;line-height:1.75}
@media(max-width:1050px){
  .deep-hero-inner{padding-bottom:220px}
  .thesis-pillars{grid-template-columns:1fr}
  .thesis-pillars article{min-height:0}
}
@media(max-width:680px){.deep-hero-inner{padding-bottom:245px}}

/* V11 – Investmentthese: Bewertungs-Teaser */
.thesis-note .thesis-teaser{
  color:#c2c8c4;
  margin-top:18px;
}
.thesis-value-link{
  display:inline-flex;
  align-items:center;
  gap:8px;
  margin-top:18px;
  color:#d3b269;
  font:500 12px Manrope,sans-serif;
  letter-spacing:.04em;
  text-decoration:none;
  border-bottom:1px solid rgba(211,178,105,.4);
  padding-bottom:3px;
}
.thesis-value-link:hover{border-bottom-color:#d3b269}

/* V14 – Minenwerte-Labels typografisch vereinheitlicht */
.thesis-note .insight-label,
.country-verdict .insight-label{
  display:block;
  font-size:13px;
  line-height:1.35;
  font-weight:600;
  letter-spacing:.16em;
}
.thesis-note p{
  font-size:16px;
  line-height:1.8;
}

/* V15 – Minenwerte-Perspektive als echter Research-Callout */
.thesis-note{
  max-width:1120px;
}
.thesis-note .insight-label{
  font-size:13px;
  font-weight:600;
  letter-spacing:.16em;
}
.thesis-note p{
  max-width:1000px;
  font-size:clamp(20px,1.65vw,25px);
  line-height:1.58;
  color:#c4cac6;
}
.thesis-note .thesis-teaser{
  font-size:clamp(20px,1.65vw,25px);
  line-height:1.58;
  color:#d5d9d6;
}
.thesis-value-link{
  margin-top:22px;
}
@media(max-width:680px){
  .thesis-note p,
  .thesis-note .thesis-teaser{
    font-size:18px;
    line-height:1.6;
  }
}

/* V16 – Minenwerte-Perspektive: Hierarchie korrigiert */
.thesis-note .insight-label{
  display:block;
  font-size:13px;
  line-height:1.35;
  font-weight:600;
  letter-spacing:.16em;
}
.thesis-note p,
.thesis-note .thesis-teaser{
  max-width:1120px;
  font-size:16px;
  line-height:1.8;
}
.thesis-note p{
  color:#9da49f;
}
.thesis-note .thesis-teaser{
  color:#d5d9d6;
}
@media(max-width:680px){
  .thesis-note p,
  .thesis-note .thesis-teaser{
    font-size:15px;
    line-height:1.72;
  }
}

/* V17 – alle Minenwerte-/Research-Callouts typografisch vereinheitlicht
   Referenz: Kasachstan / Minenwerte-Einordnung */
.thesis-note .insight-label,
.country-verdict .insight-label,
.research-callout .insight-label,
.editorial-callout .insight-label,
.insight-box .insight-label{
  font-size:13px !important;
  line-height:1.35 !important;
  font-weight:600 !important;
  letter-spacing:.16em !important;
}

/* Große Kernaussage – gleiche Größenlogik wie Kasachstan */
.thesis-note h3,
.thesis-note .callout-title,
.research-callout h3,
.editorial-callout h3,
.insight-box h3,
.country-verdict h3{
  font-size:clamp(36px,4vw,64px) !important;
  line-height:1.12 !important;
  font-weight:600 !important;
  letter-spacing:-.025em !important;
  max-width:1280px !important;
  margin-top:28px !important;
  margin-bottom:28px !important;
}

/* Fließtext in allen Einordnungen identisch */
.thesis-note p,
.thesis-note .thesis-teaser,
.research-callout p,
.editorial-callout p,
.insight-box p,
.country-verdict p{
  font-size:18px !important;
  line-height:1.75 !important;
  font-weight:400 !important;
  max-width:1320px !important;
}

/* Die Investmentthese hat derzeit keine eigene große h3-Zeile.
   Deshalb bleibt ihr Text bewusst Fließtext – aber exakt in derselben
   Fließtextgröße wie die Kasachstan-Einordnung. */
.thesis-note p,
.thesis-note .thesis-teaser{
  font-size:18px !important;
  line-height:1.75 !important;
}

@media(max-width:680px){
  .thesis-note h3,
  .thesis-note .callout-title,
  .research-callout h3,
  .editorial-callout h3,
  .insight-box h3,
  .country-verdict h3{
    font-size:clamp(30px,9vw,44px) !important;
  }
  .thesis-note p,
  .thesis-note .thesis-teaser,
  .research-callout p,
  .editorial-callout p,
  .insight-box p,
  .country-verdict p{
    font-size:16px !important;
    line-height:1.7 !important;
  }
}

/* V18 – Kasachstan Deep Dive */
.country-deepdive{margin-top:92px;border-top:1px solid var(--line);padding-top:64px}
.country-deepdive-head{display:grid;grid-template-columns:.8fr 1.35fr;column-gap:70px;align-items:start;margin-bottom:48px}
.country-deepdive-head .eyebrow{grid-column:1/-1;margin-bottom:24px}
.country-deepdive-head h3{font:600 clamp(34px,3.5vw,58px)/1.08 Manrope;margin:0;letter-spacing:-.025em;max-width:720px}
.country-deepdive-head>p:last-child{margin:4px 0 0;color:#8e9890;font-size:17px;line-height:1.75;max-width:720px}
.country-detail-grid{display:grid;grid-template-columns:repeat(2,1fr);border:1px solid var(--line);background:var(--line);gap:1px}
.country-detail-grid article{background:#090e0b;padding:42px;min-height:320px}
.country-detail-grid h4{font:600 clamp(25px,2vw,34px)/1.18 Manrope;margin:25px 0 18px;letter-spacing:-.015em;max-width:620px}
.country-detail-grid p{color:#879189;font-size:15px;line-height:1.78;max-width:680px}
.country-detail-grid .country-direction{background:linear-gradient(135deg,#0a100c,#0d1510)}
.country-stats{display:grid;grid-template-columns:repeat(2,1fr);gap:1px;background:var(--line);margin:24px 0 25px;border:1px solid var(--line)}
.country-stats div{background:#0c120e;padding:18px 20px}
.country-stats strong{display:block;color:#d5b66d;font:600 29px/1 Manrope}
.country-stats span{display:block;color:#7f8982;font-size:10px;letter-spacing:.08em;text-transform:uppercase;margin-top:9px;line-height:1.45}
.country-deepdive + .country-verdict{margin-top:72px}
@media(max-width:900px){.country-deepdive-head{grid-template-columns:1fr;gap:22px}.country-detail-grid{grid-template-columns:1fr}.country-detail-grid article{min-height:0}}
@media(max-width:560px){.country-deepdive{margin-top:62px;padding-top:46px}.country-detail-grid article{padding:28px}.country-stats{grid-template-columns:1fr 1fr}.country-stats strong{font-size:24px}}

/* V19 – Kasachstan: Länderrisiko, Kostenbasis und Bewertungsableitung */
.country-economics{
  margin-top:72px;
  padding-top:64px;
  border-top:1px solid rgba(255,255,255,.09);
}
.country-economics-head{
  max-width:1100px;
  margin-bottom:34px;
}
.country-economics .eyebrow{
  display:block;
  margin-bottom:18px;
  color:#c8a65b;
  font:600 12px/1.3 Manrope,sans-serif;
  letter-spacing:.17em;
  text-transform:uppercase;
}
.country-economics h3{
  margin:0 0 22px;
  font-size:clamp(34px,4vw,58px);
  line-height:1.08;
  letter-spacing:-.035em;
}
.country-economics-head > p,
.discount-copy p,
.discount-example-copy p{
  color:#aeb5b0;
  font-size:17px;
  line-height:1.78;
}
.economics-grid{
  display:grid;
  grid-template-columns:repeat(3,minmax(0,1fr));
  gap:14px;
  margin:34px 0 18px;
}
.economics-card{
  padding:30px 28px 32px;
  background:rgba(255,255,255,.025);
  border:1px solid rgba(255,255,255,.08);
  border-radius:4px;
}
.economics-no{
  display:block;
  margin-bottom:42px;
  color:#c8a65b;
  font:600 12px/1 Manrope,sans-serif;
  letter-spacing:.12em;
}
.economics-card h4,
.discount-example h4{
  margin:0 0 18px;
  font-size:22px;
  line-height:1.28;
  letter-spacing:-.02em;
}
.economics-card p{
  margin:0 0 16px;
  color:#9fa6a1;
  font-size:15px;
  line-height:1.72;
}
.economics-card p:last-child{margin-bottom:0}
.discount-panel{
  display:grid;
  grid-template-columns:minmax(0,1.35fr) minmax(320px,.65fr);
  gap:54px;
  margin-top:58px;
  padding:48px;
  background:rgba(255,255,255,.022);
  border:1px solid rgba(255,255,255,.08);
}
.discount-rates{
  align-self:center;
  border-top:1px solid rgba(255,255,255,.1);
}
.discount-rates > div{
  display:flex;
  justify-content:space-between;
  align-items:flex-end;
  gap:24px;
  padding:20px 0;
  border-bottom:1px solid rgba(255,255,255,.1);
}
.discount-rates span{
  max-width:230px;
  color:#929a95;
  font-size:13px;
  line-height:1.45;
}
.discount-rates strong{
  color:#e2e5e2;
  font-size:25px;
  font-weight:500;
  white-space:nowrap;
}
.discount-rates .accent strong{color:#c8a65b}
.discount-example{
  display:grid;
  grid-template-columns:minmax(0,.8fr) minmax(0,1.2fr);
  gap:50px;
  align-items:end;
  margin-top:16px;
  padding:40px 48px;
  border:1px solid rgba(255,255,255,.08);
  border-top:0;
}
.pv-grid{
  display:grid;
  grid-template-columns:repeat(4,1fr);
  gap:1px;
  background:rgba(255,255,255,.08);
}
.pv-grid > div{
  padding:22px 16px;
  background:#101513;
}
.pv-grid span{
  display:block;
  margin-bottom:10px;
  color:#818985;
  font:500 12px/1 Manrope,sans-serif;
}
.pv-grid strong{
  display:block;
  color:#d8dcda;
  font-size:17px;
  font-weight:500;
  white-space:nowrap;
}
.pv-grid .accent strong{color:#c8a65b}

@media(max-width:900px){
  .economics-grid{grid-template-columns:1fr}
  .economics-no{margin-bottom:22px}
  .discount-panel,
  .discount-example{grid-template-columns:1fr;gap:30px}
}
@media(max-width:680px){
  .country-economics{margin-top:50px;padding-top:46px}
  .discount-panel{padding:28px 22px}
  .discount-example{padding:28px 22px}
  .pv-grid{grid-template-columns:repeat(2,1fr)}
  .country-economics-head > p,
  .discount-copy p,
  .discount-example-copy p{font-size:16px}
}

/* V20 – Kasachstan: klarere Standortvorteile */
.economics-facts{
  display:grid;
  grid-template-columns:repeat(3,minmax(0,1fr));
  margin-top:14px;
  border:1px solid rgba(255,255,255,.08);
}
.economics-facts > div{
  padding:24px 26px;
  border-right:1px solid rgba(255,255,255,.08);
}
.economics-facts > div:last-child{border-right:0}
.economics-facts span{
  display:block;
  margin-bottom:12px;
  color:#8d9690;
  font-size:10px;
  text-transform:uppercase;
  letter-spacing:.14em;
}
.economics-facts strong{
  display:block;
  color:#d6b66b;
  font:500 16px/1.45 Manrope,sans-serif;
}
.economics-facts small{
  display:block;
  margin-top:10px;
  color:#7f8882;
  font-size:11px;
  line-height:1.55;
}
.economics-sources{
  margin-top:18px;
  margin-bottom:0;
}
@media(max-width:900px){
  .economics-facts{grid-template-columns:1fr}
  .economics-facts > div{
    border-right:0;
    border-bottom:1px solid rgba(255,255,255,.08);
  }
  .economics-facts > div:last-child{border-bottom:0}
}

/* V21 – Portfolioarchitektur */
.portfolio-map{width:calc(100% - 96px);margin:34px 48px 26px;padding:26px 28px;border:1px solid rgba(255,255,255,.10);background:rgba(5,10,8,.70)}.portfolio-map__eyebrow,.section-kicker{color:#b4934b;font-size:11px;font-weight:700;letter-spacing:.18em;text-transform:uppercase}.portfolio-map__root{margin:13px 0 22px;color:#f1f0e9;font-size:23px;font-weight:700}.portfolio-map__branches{display:grid;grid-template-columns:1.05fr .85fr 1fr 1.35fr;border-top:1px solid rgba(255,255,255,.10)}.portfolio-branch{padding:18px 20px;border-right:1px solid rgba(255,255,255,.08)}.portfolio-branch:first-child{padding-left:0}.portfolio-branch:last-child{border-right:0}.portfolio-branch>span{display:block;margin-bottom:10px;color:#78827c;font-size:10px;letter-spacing:.14em}.portfolio-branch a,.portfolio-static{display:block;padding:8px 0;text-decoration:none}.portfolio-branch strong{display:block;color:#d9bb70;font-size:15px}.portfolio-branch small{display:block;margin-top:3px;color:#818a84;font-size:11px}
.asset-transition{padding:90px 0 72px;background:#070b09;border-top:1px solid rgba(255,255,255,.08);border-bottom:1px solid rgba(255,255,255,.08)}.asset-transition__inner{width:min(1500px,calc(100% - 96px));margin:auto}.asset-transition h2{max-width:1080px;margin:18px 0 22px;color:#f1f0e9;font-size:clamp(38px,4.2vw,68px);line-height:1.06;letter-spacing:-.035em}.asset-transition__inner>p{max-width:1120px;color:#929a95;font-size:19px;line-height:1.75}.asset-transition__inner>p strong{color:#d8d8d2}.asset-roadmap{display:grid;grid-template-columns:repeat(6,minmax(0,1fr));margin-top:44px;border:1px solid rgba(255,255,255,.10)}.asset-roadmap__item{min-height:146px;padding:21px 17px;border-right:1px solid rgba(255,255,255,.09);text-decoration:none}.asset-roadmap__item:last-child{border-right:0}.asset-roadmap__item span{display:block;margin-bottom:24px;color:#747d77;font-size:9px;letter-spacing:.12em}.asset-roadmap__item strong{display:block;color:#deded8;font-size:19px}.asset-roadmap__item small{display:block;margin-top:7px;color:#747d77;font-size:11px}.asset-roadmap__item.is-active{background:linear-gradient(180deg,rgba(180,147,75,.10),rgba(180,147,75,.025))}.asset-roadmap__item.is-active strong{color:#d9bb70}.varvara-section{border-top:1px solid rgba(255,255,255,.08);border-bottom:1px solid rgba(255,255,255,.08)}.varvara-note{max-width:1050px;margin-top:34px;padding:26px 30px;border-left:2px solid #b4934b;background:rgba(255,255,255,.015)}.varvara-note strong{display:block;margin-bottom:10px;color:#d9bb70}.varvara-note p{margin:0;color:#8d9690;line-height:1.7}@media(max-width:1050px){.portfolio-map__branches{grid-template-columns:repeat(2,1fr)}.asset-roadmap{grid-template-columns:repeat(3,1fr)}}@media(max-width:680px){.portfolio-map{width:calc(100% - 32px);margin:28px 16px}.portfolio-map__branches{grid-template-columns:1fr}.asset-transition__inner{width:calc(100% - 40px)}.asset-roadmap{grid-template-columns:1fr 1fr}}
/* V22 – responsive Unternehmensdiagramm + Layout-Reparaturen */
.portfolio-map--intro{display:none!important}

.company-tree{
  width:100%;
  margin:64px 0 74px;
  position:relative;
}
.company-tree__root{
  width:min(440px,52%);
  margin:0 auto;
  padding:22px 28px 24px;
  text-align:center;
  border:1px solid rgba(207,177,105,.42);
  background:linear-gradient(180deg,rgba(180,147,75,.09),rgba(255,255,255,.012));
}
.company-tree__root span{
  display:block;
  color:#a58a4c;
  font-size:10px;
  font-weight:700;
  letter-spacing:.18em;
}
.company-tree__root strong{
  display:block;
  margin-top:8px;
  color:#f0eee6;
  font:600 25px/1.2 Manrope,sans-serif;
}
.company-tree__root small{
  display:block;
  margin-top:7px;
  color:#78817b;
  font-size:11px;
}
.company-tree__stem{
  width:1px;
  height:36px;
  margin:0 auto;
  background:#485149;
}
.company-tree__groups{
  display:grid;
  grid-template-columns:repeat(3,minmax(0,1fr));
  position:relative;
  border-top:1px solid #485149;
}
.company-tree__group{
  position:relative;
  padding:31px 26px 24px;
  border-right:1px solid rgba(255,255,255,.09);
  min-height:250px;
}
.company-tree__group:last-child{border-right:0}
.company-tree__group:before{
  content:"";
  position:absolute;
  top:-1px;
  left:50%;
  width:1px;
  height:25px;
  background:#485149;
}
.company-tree__group-head{
  display:flex;
  gap:12px;
  align-items:baseline;
  margin-bottom:22px;
}
.company-tree__group-head span{
  color:#b4934b;
  font-size:11px;
  letter-spacing:.12em;
}
.company-tree__group-head strong{
  color:#d8d8d2;
  font:600 17px/1.3 Manrope,sans-serif;
}
.company-tree__group>a,.company-tree__static{
  display:block;
  margin-top:10px;
  padding:14px 16px;
  border:1px solid rgba(255,255,255,.075);
  background:rgba(255,255,255,.012);
  text-decoration:none;
}
.company-tree__group>a:hover{
  border-color:rgba(207,177,105,.34);
  background:rgba(180,147,75,.035);
}
.company-tree__group b,.company-tree__static b{
  display:block;
  color:#d4b568;
  font:600 15px/1.3 Manrope,sans-serif;
}
.company-tree__group small,.company-tree__static small{
  display:block;
  margin-top:5px;
  color:#7d8680;
  font-size:11px;
  line-height:1.45;
}
.thesis-section>.company-tree{
  margin-top:76px;
  margin-bottom:82px;
}
.asset-transition{
  padding:clamp(90px,10vw,150px) max(5vw,30px);
  background:#070b09;
  border-bottom:1px solid var(--line);
}
.asset-transition__inner{
  width:100%;
  max-width:1800px;
  margin:0 auto;
}
.asset-transition h2{
  max-width:1050px;
  margin:0 0 28px;
  color:#f0eee7;
  font-size:clamp(52px,5.6vw,96px);
  line-height:.98;
  letter-spacing:-.05em;
}
.asset-transition__inner>p{
  max-width:900px;
  color:#8d9690;
  font-size:18px;
  line-height:1.75;
}
.asset-transition .company-tree{margin-bottom:0}
.asset-roadmap{display:none!important}

/* Varvara now inherits the exact research-section geometry instead of an undefined .section/.section-inner layout */
.varvara-section{
  background:linear-gradient(180deg,#090d0b,#080c0a);
}
.varvara-section .varvara-note{
  max-width:none;
  margin-top:80px;
  padding:clamp(34px,4vw,62px);
  border-left:3px solid #b4934b;
}
.varvara-section .varvara-note h3{
  max-width:1100px;
}
.varvara-section .varvara-note p{
  max-width:1150px;
}

@media(max-width:760px){
  .company-tree{margin:46px 0 54px}
  .company-tree__root{width:100%;padding:20px}
  .company-tree__root strong{font-size:21px}
  .company-tree__stem{height:24px}
  .company-tree__groups{
    grid-template-columns:1fr;
    border-top:0;
    border-left:1px solid #485149;
    margin-left:12px;
  }
  .company-tree__group{
    min-height:0;
    padding:22px 0 18px 28px;
    border-right:0;
    border-bottom:1px solid rgba(255,255,255,.075);
  }
  .company-tree__group:before{
    top:34px;
    left:0;
    width:22px;
    height:1px;
  }
  .company-tree__group-head{margin-bottom:14px}
  .company-tree__group>a,.company-tree__static{padding:13px 14px}
  .asset-transition{padding:82px 22px}
  .asset-transition h2{font-size:48px}
  .asset-transition__inner>p{font-size:16px}
}


/* V23 – kompakte Asset-Landkarte in jedem Deep-Dive */
.asset-locator{
  width:100%;
  max-width:720px;
  margin:0 0 42px;
  padding:0;
}
.asset-locator__brand{
  display:inline-flex;
  align-items:baseline;
  gap:9px;
  padding:8px 12px;
  border:1px solid rgba(207,177,105,.34);
  background:rgba(180,147,75,.035);
}
.asset-locator__brand span{
  color:#d2b15f;
  font-size:10px;
  font-weight:700;
  letter-spacing:.16em;
}
.asset-locator__brand small{
  color:#6f7872;
  font-size:9px;
}
.asset-locator__line{
  width:1px;
  height:17px;
  margin-left:42px;
  background:#3b443e;
}
.asset-locator__columns{
  display:grid;
  grid-template-columns:1fr 1fr;
  border-top:1px solid #3b443e;
}
.asset-locator__group{
  position:relative;
  padding:16px 16px 0;
}
.asset-locator__group:first-child{
  border-right:1px solid rgba(255,255,255,.08);
}
.asset-locator__group:before{
  content:"";
  position:absolute;
  top:-1px;
  left:28px;
  width:1px;
  height:13px;
  background:#3b443e;
}
.asset-locator__label{
  margin-bottom:10px;
  color:#7e8781;
  font-size:9px;
  font-weight:700;
  letter-spacing:.12em;
  text-transform:uppercase;
}
.asset-locator__item{
  display:inline-flex;
  flex-direction:column;
  vertical-align:top;
  min-width:105px;
  margin:0 6px 6px 0;
  padding:9px 10px;
  border:1px solid rgba(255,255,255,.065);
  background:rgba(255,255,255,.01);
  text-decoration:none;
  transition:border-color .18s ease,background .18s ease;
}
.asset-locator__item span{
  color:#8a928d;
  font:500 11px/1.25 Manrope,sans-serif;
}
.asset-locator__item small{
  margin-top:3px;
  color:#59615c;
  font-size:8px;
  line-height:1.2;
}
.asset-locator__item:hover{
  border-color:rgba(207,177,105,.28);
}
.asset-locator__item--active{
  border-color:rgba(207,177,105,.58);
  background:rgba(180,147,75,.075);
  box-shadow:inset 3px 0 0 #c9a95b;
}
.asset-locator__item--active span{
  color:#e0bf6a;
  font-weight:700;
}
.asset-locator__item--active small{
  color:#a28c59;
}
.section-copy>.asset-locator + .large-copy{
  margin-top:0;
}

@media(max-width:760px){
  .asset-locator{
    max-width:none;
    margin:0 0 34px;
  }
  .asset-locator__columns{
    grid-template-columns:1fr;
    border-left:1px solid #3b443e;
    border-top:0;
    margin-left:16px;
  }
  .asset-locator__line{
    height:14px;
    margin-left:16px;
  }
  .asset-locator__group{
    padding:13px 0 10px 18px;
  }
  .asset-locator__group:first-child{
    border-right:0;
    border-bottom:1px solid rgba(255,255,255,.07);
  }
  .asset-locator__group:before{
    top:22px;
    left:0;
    width:13px;
    height:1px;
  }
  .asset-locator__item{
    min-width:calc(50% - 8px);
    margin-right:4px;
  }
}

/* V24 – Asset-Locator: Kyzyl korrekt platziert + Kopf zentriert */
.asset-locator__brand{
  display:flex;
  width:max-content;
  max-width:100%;
  margin-left:auto;
  margin-right:auto;
}

/* V25 – Locator geometry fix */
.asset-locator{
  position:relative;
}
.asset-locator__brand{
  position:relative;
  left:50%;
  transform:translateX(-50%);
  margin-left:0!important;
  margin-right:0!important;
}
.asset-locator__line{
  margin-left:auto!important;
  margin-right:auto!important;
}
.asset-locator__columns{
  position:relative;
}
.asset-locator__columns:before{
  content:"";
  position:absolute;
  top:-1px;
  left:50%;
  width:1px;
  height:14px;
  background:#3b443e;
  transform:translateX(-50%);
}
.asset-locator__group:before{
  display:none!important;
}

/* Kyzyl: map and intro text stay in the same right-hand column */
.asset-intro .asset-locator{
  display:block;
  margin:0 0 38px;
}
.asset-intro .asset-intro-text{
  display:block;
}

/* V26 – Kyzyl auf identisches Raster wie Varvara/Ertis */
#kyzyl .section-grid{align-items:start}
#kyzyl .section-copy{min-width:0}
#kyzyl .section-copy .asset-locator{width:100%;max-width:720px;margin:0 0 42px}
#kyzyl .section-copy .large-copy{margin-top:0;max-width:900px}

/* V27 – Mobile Asset-Locator sauber ohne linke Rail */
@media(max-width:760px){
  .asset-locator__columns{
    grid-template-columns:1fr;
    border-left:0!important;
    border-top:1px solid #3b443e!important;
    margin-left:0!important;
    padding-top:0;
  }
  .asset-locator__line{
    display:block;
    width:1px;
    height:18px;
    margin:0 auto!important;
  }
  .asset-locator__columns:before{
    display:none!important;
  }
  .asset-locator__group{
    padding:18px 0 14px!important;
    border-right:0!important;
  }
  .asset-locator__group:first-child{
    border-bottom:1px solid rgba(255,255,255,.07)!important;
  }
  .asset-locator__group:before{
    display:none!important;
  }
  .asset-locator__label{
    text-align:left;
    padding-left:0;
  }
  .asset-locator__item{
    width:calc(50% - 4px);
    min-width:0;
    margin-right:4px;
    box-sizing:border-box;
  }
  .asset-locator__item:nth-of-type(2n){
    margin-right:0;
  }
}
.metric span b{display:block;color:#f1f0e9;font-size:15px;font-weight:600;margin-bottom:7px}.metric span em{color:#d5b66d;font-style:normal;font-size:15px;font-weight:600}

/* V29 – Einheit direkt an Kyzyl Reserven/Ressourcen */
.metric-unit-inline{
  font-size:.34em;
  font-weight:600;
  letter-spacing:.01em;
  vertical-align:baseline;
  white-space:nowrap;
}

/* V30 – Kennzahl + Einheit als gemeinsame visuelle Zeile */
.metric-unit-inline{
  display:inline;
  font-size:.38em;
  line-height:1;
  font-weight:700;
  letter-spacing:0;
  vertical-align:baseline;
  white-space:nowrap;
  margin-left:.12em;
}

/* V31 – Einheiten wirklich inline in der großen Kennzahl */
.metric strong > .metric-unit-inline{
  display:inline !important;
  margin-top:0 !important;
  font-size:.38em !important;
  line-height:1 !important;
  font-weight:700 !important;
  color:inherit !important;
  vertical-align:baseline;
  white-space:nowrap;
}

/* V32 – Aktionärsstruktur + Katalysatoren */
.shareholder-section{
  background:linear-gradient(180deg,#090d0b,#080c0a);
}
.ownership-grid{
  display:grid;
  grid-template-columns:repeat(3,minmax(0,1fr));
  margin-top:54px;
  border:1px solid rgba(255,255,255,.09);
}
.ownership-grid article{
  padding:34px 32px 36px;
  border-right:1px solid rgba(255,255,255,.09);
}
.ownership-grid article:last-child{border-right:0}
.ownership-grid article>span{
  display:block;
  color:#7f8882;
  font-size:10px;
  letter-spacing:.14em;
  text-transform:uppercase;
}
.ownership-grid strong{
  display:block;
  margin:16px 0 10px;
  color:#d6b66b;
  font:500 clamp(38px,4vw,64px)/1 Manrope,sans-serif;
}
.ownership-grid b{
  display:block;
  color:#d8dcd9;
  font-size:15px;
}
.ownership-grid p{
  margin:14px 0 0;
  color:#8b948e;
  font-size:14px;
  line-height:1.65;
}
.shareholder-insight{
  margin-top:70px;
}

.catalyst-grid{
  display:grid;
  grid-template-columns:repeat(4,minmax(0,1fr));
  margin:56px 0 18px;
  border:1px solid rgba(207,177,105,.18);
}
.catalyst-grid article{
  padding:30px 28px 34px;
  border-right:1px solid rgba(207,177,105,.14);
  background:linear-gradient(180deg,rgba(180,147,75,.045),rgba(255,255,255,.008));
}
.catalyst-grid article:last-child{border-right:0}
.catalyst-grid article>span{
  display:block;
  margin-bottom:26px;
  color:#b4934b;
  font-size:10px;
  font-weight:700;
  letter-spacing:.14em;
}
.catalyst-grid h3{
  margin:0 0 14px;
  color:#e0ded6;
  font-size:23px;
  line-height:1.2;
}
.catalyst-grid p{
  margin:0;
  color:#8f9892;
  font-size:14px;
  line-height:1.7;
}
.risk-insight{
  margin-top:74px;
}

@media(max-width:900px){
  .ownership-grid,.catalyst-grid{grid-template-columns:1fr}
  .ownership-grid article,.catalyst-grid article{
    border-right:0;
    border-bottom:1px solid rgba(255,255,255,.08);
  }
  .ownership-grid article:last-child,.catalyst-grid article:last-child{border-bottom:0}
}

/* V33 – Aktionärsstruktur in Katalysatoren / Chancen / Risiken */
.risk-shareholder-block{
  margin-top:72px;
  margin-bottom:72px;
  padding-top:56px;
  border-top:1px solid rgba(255,255,255,.09);
}
.risk-shareholder-block .subsection-kicker{
  color:#b4934b;
  font-size:11px;
  font-weight:700;
  letter-spacing:.18em;
  text-transform:uppercase;
  margin-bottom:26px;
}
.risk-shareholder-block .asset-head{margin-top:0}
.risk-shareholder-block .ownership-grid{margin-top:46px}
.risk-shareholder-block .shareholder-insight{margin-top:52px}


/* V34 – Scroll-Spy: aktueller Hauptabschnitt in der Navigation */
.main-nav a{
  position:relative;
}
.main-nav a::after{
  content:"";
  position:absolute;
  left:0;
  right:0;
  bottom:-9px;
  height:1px;
  background:#d3b269;
  transform:scaleX(0);
  transform-origin:left center;
  transition:transform .22s ease,opacity .22s ease;
  opacity:0;
}
.main-nav a.active-section{
  color:#f0eee8;
}
.main-nav a.active-section::after{
  transform:scaleX(1);
  opacity:1;
}

/* Im mobilen Overlay bleibt die gleiche Logik sichtbar, nur näher am Text. */
@media(max-width:1050px){
  .main-nav a::after{
    bottom:-4px;
    right:auto;
    width:100%;
  }
  .main-nav a.active-section{
    color:#d3b269;
  }
}


/* V38 – Kyzyl Mineralisierung / Metallurgie */
.metallurgy-bridge{
  display:grid;
  grid-template-columns:minmax(0,1.15fr) minmax(420px,.85fr);
  gap:clamp(60px,8vw,130px);
  align-items:center;
  margin-top:clamp(42px,4vw,64px);
  padding-top:clamp(24px,2.5vw,40px);
}
.metallurgy-copy h3{
  max-width:900px;
  margin:16px 0 30px;
  color:#e5e3dc;
  font:500 clamp(34px,3.4vw,58px)/1.08 Manrope,sans-serif;
  letter-spacing:-.035em;
}
.metallurgy-copy h3 em{
  color:#d2b36a;
  font-style:normal;
}
.metallurgy-copy>p:not(.eyebrow){
  max-width:850px;
  margin:0 0 20px;
  color:#929b95;
  font-size:15px;
  line-height:1.8;
}
.metallurgy-copy>p strong{
  color:#c9cec9;
  font-weight:600;
}
.metallurgy-copy .metallurgy-thesis{
  margin-top:30px!important;
  padding-left:24px;
  border-left:2px solid #9c8146;
  color:#adb4af!important;
}
.metallurgy-link{
  display:inline-flex;
  align-items:center;
  gap:9px;
  margin-top:18px;
  color:#d1b267;
  font-size:13px;
  text-decoration:none;
  border-bottom:1px solid rgba(209,178,103,.35);
  padding-bottom:5px;
}
.metallurgy-link span{
  transition:transform .18s ease;
}
.metallurgy-link:hover span{
  transform:translateX(4px);
}
.metallurgy-diagram{
  position:relative;
  display:flex;
  flex-direction:column;
  align-items:stretch;
  max-width:520px;
  margin-left:auto;
}
.metallurgy-node{
  position:relative;
  padding:25px 27px 27px;
  border:1px solid rgba(255,255,255,.09);
  background:rgba(255,255,255,.012);
}
.metallurgy-node span{
  display:block;
  margin-bottom:15px;
  color:#737d76;
  font-size:9px;
  font-weight:700;
  letter-spacing:.16em;
}
.metallurgy-node strong{
  display:block;
  color:#d9ddd9;
  font:600 20px/1.25 Manrope,sans-serif;
}
.metallurgy-node small{
  display:block;
  margin-top:7px;
  color:#77817a;
  font-size:11px;
  line-height:1.5;
}
.metallurgy-node--pox{
  border-color:rgba(207,177,105,.38);
  background:linear-gradient(90deg,rgba(180,147,75,.08),rgba(255,255,255,.01));
}
.metallurgy-node--pox span,
.metallurgy-node--pox strong{
  color:#d1b267;
}
.metallurgy-node--gold strong{
  color:#d7c17e;
}
.metallurgy-arrow{
  height:38px;
  display:flex;
  justify-content:center;
  align-items:center;
  color:#77663d;
  font-size:22px;
}
.metallurgy-arrow span{
  transform:rotate(90deg);
}

@media(max-width:1050px){
  .metallurgy-bridge{
    grid-template-columns:1fr;
    gap:55px;
  }
  .metallurgy-diagram{
    width:100%;
    max-width:none;
    margin:0;
    display:grid;
    grid-template-columns:1fr auto 1fr auto 1fr;
    align-items:stretch;
  }
  .metallurgy-arrow{
    width:34px;
    height:auto;
  }
  .metallurgy-arrow span{
    transform:none;
  }
}
@media(max-width:680px){
  .metallurgy-bridge{
    margin-top:48px;
    padding-top:28px;
    gap:44px;
  }
  .metallurgy-copy h3{
    font-size:36px;
  }
  .metallurgy-copy>p:not(.eyebrow){
    font-size:14px;
  }
  .metallurgy-link{
    line-height:1.55;
    align-items:flex-start;
  }
  .metallurgy-diagram{
    display:flex;
    flex-direction:column;
  }
  .metallurgy-arrow{
    width:auto;
    height:32px;
  }
  .metallurgy-arrow span{
    transform:rotate(90deg);
  }
}


/* V42 – Verantwortung / lokale Wertschöpfung */
.responsibility-section{
  background:
    radial-gradient(circle at 82% 18%,rgba(177,148,79,.045),transparent 27%),
    linear-gradient(180deg,#090d0b,#080c0a);
}
.responsibility-stats{
  display:grid;
  grid-template-columns:repeat(4,minmax(0,1fr));
  margin-top:58px;
  border:1px solid rgba(255,255,255,.09);
}
.responsibility-stats article{
  min-width:0;
  padding:30px 27px 32px;
  border-right:1px solid rgba(255,255,255,.09);
}
.responsibility-stats article:last-child{border-right:0}
.responsibility-stats article>span{
  display:block;
  color:#78827b;
  font-size:9px;
  font-weight:700;
  letter-spacing:.14em;
  text-transform:uppercase;
}
.responsibility-stats strong{
  display:block;
  margin:17px 0 14px;
  color:#d4b56c;
  font:500 clamp(34px,3.4vw,54px)/1 Manrope,sans-serif;
  letter-spacing:-.035em;
  white-space:nowrap;
}
.responsibility-stats strong small{
  font-size:.34em;
  letter-spacing:0;
  color:#a99566;
}
.responsibility-stats p{
  margin:0;
  color:#858f88;
  font-size:12px;
  line-height:1.65;
}
.responsibility-grid{
  display:grid;
  grid-template-columns:repeat(3,minmax(0,1fr));
  gap:0;
  margin-top:76px;
  border-top:1px solid rgba(255,255,255,.09);
  border-bottom:1px solid rgba(255,255,255,.09);
}
.responsibility-grid article{
  position:relative;
  padding:46px 34px 48px;
  border-right:1px solid rgba(255,255,255,.09);
}
.responsibility-grid article:first-child{padding-left:0}
.responsibility-grid article:last-child{
  border-right:0;
  padding-right:0;
}
.responsibility-no{
  display:block;
  margin-bottom:30px;
  color:#665b3d;
  font:500 13px/1 Manrope,sans-serif;
}
.responsibility-grid h3{
  margin:14px 0 20px;
  color:#d8dcd8;
  font:500 clamp(21px,2vw,29px)/1.25 Manrope,sans-serif;
  letter-spacing:-.02em;
}
.responsibility-grid article>p:last-child{
  margin:0;
  color:#8c958f;
  font-size:14px;
  line-height:1.78;
}
.responsibility-grid strong,
.responsibility-project strong{
  color:#c9cec9;
  font-weight:600;
}
.responsibility-project{
  display:grid;
  grid-template-columns:minmax(260px,.7fr) minmax(0,1.3fr);
  gap:70px;
  align-items:start;
  margin-top:72px;
  padding:42px 44px;
  border:1px solid rgba(207,177,105,.17);
  background:linear-gradient(90deg,rgba(177,148,79,.055),rgba(255,255,255,.008));
}
.responsibility-project h3{
  margin:13px 0 0;
  color:#dddcd5;
  font:500 clamp(25px,2.5vw,36px)/1.18 Manrope,sans-serif;
  letter-spacing:-.025em;
}
.responsibility-project>p{
  margin:0;
  color:#929b95;
  font-size:14px;
  line-height:1.8;
}
.responsibility-insight{
  margin-top:74px;
}

@media(max-width:1050px){
  .responsibility-stats{grid-template-columns:repeat(2,minmax(0,1fr))}
  .responsibility-stats article:nth-child(2){border-right:0}
  .responsibility-stats article:nth-child(-n+2){border-bottom:1px solid rgba(255,255,255,.09)}
  .responsibility-grid{grid-template-columns:1fr}
  .responsibility-grid article,
  .responsibility-grid article:first-child,
  .responsibility-grid article:last-child{
    padding:36px 0;
    border-right:0;
    border-bottom:1px solid rgba(255,255,255,.09);
  }
  .responsibility-grid article:last-child{border-bottom:0}
  .responsibility-project{grid-template-columns:1fr;gap:28px}
}
@media(max-width:620px){
  .responsibility-stats{grid-template-columns:1fr}
  .responsibility-stats article,
  .responsibility-stats article:nth-child(2){
    border-right:0;
    border-bottom:1px solid rgba(255,255,255,.09);
  }
  .responsibility-stats article:last-child{border-bottom:0}
  .responsibility-project{
    padding:30px 24px;
  }
}


/* V43 – Verantwortung: Biodiversität + externe ESG-Einordnung */
.responsibility-biodiversity{
  display:grid;
  grid-template-columns:1fr 1fr;
  gap:0;
  margin-top:54px;
  border:1px solid rgba(255,255,255,.09);
}
.responsibility-biodiversity article{
  padding:38px 38px 40px;
}
.responsibility-biodiversity article+article{
  border-left:1px solid rgba(255,255,255,.09);
}
.responsibility-biodiversity h3{
  margin:13px 0 20px;
  color:#d8dcd8;
  font:500 clamp(22px,2vw,30px)/1.25 Manrope,sans-serif;
  letter-spacing:-.02em;
}
.responsibility-biodiversity article>p:last-child{
  margin:0;
  color:#8c958f;
  font-size:14px;
  line-height:1.78;
}
.responsibility-biodiversity strong{
  color:#c9cec9;
  font-weight:600;
}
.responsibility-award{
  background:linear-gradient(135deg,rgba(177,148,79,.055),rgba(255,255,255,.008));
}
@media(max-width:800px){
  .responsibility-biodiversity{grid-template-columns:1fr}
  .responsibility-biodiversity article+article{
    border-left:0;
    border-top:1px solid rgba(255,255,255,.09);
  }
  .responsibility-biodiversity article{padding:30px 24px 32px}
}

/* V44 – Varvara Deep Dive */
.varvara-kpis{display:grid;grid-template-columns:repeat(4,1fr);margin-top:70px;border:1px solid var(--line)}
.varvara-kpis>div{padding:27px;border-right:1px solid var(--line)}
.varvara-kpis>div:last-child{border-right:0}
.varvara-kpis strong{display:block;color:#d3b269;font:500 clamp(28px,3vw,45px)/1 Manrope,sans-serif;white-space:nowrap}
.varvara-kpis strong small{font-size:.35em}.varvara-kpis span{display:block;margin-top:13px;color:#c8cec9;font-size:11px;text-transform:uppercase;letter-spacing:.09em}
.varvara-kpis>div>small{display:block;margin-top:7px;color:#727c75;font-size:10px}
.varvara-reserve-breakdown,.varvara-processing,.varvara-hub-story{display:grid;grid-template-columns:.85fr 1.15fr;gap:clamp(55px,8vw,120px);margin-top:95px;align-items:center}
.varvara-reserve-breakdown h3,.varvara-processing h3,.varvara-hub-story h3{margin:13px 0 22px;color:#ddd;font:500 clamp(27px,3vw,42px)/1.18 Manrope,sans-serif;letter-spacing:-.03em}
.varvara-processing h3 em{color:#d3b269;font-style:normal}
.varvara-reserve-breakdown p,.varvara-processing-copy>p:not(.eyebrow),.varvara-hub-story>div:last-child p{color:#8e9891;font-size:14px;line-height:1.8}
.varvara-reserve-breakdown strong,.varvara-processing strong,.varvara-hub-story strong{color:#cbd0cc}
.varvara-bars>div{display:grid;grid-template-columns:100px 1fr 70px;gap:15px;align-items:center;margin:19px 0;color:#7f8982;font-size:11px}
.varvara-bars i{height:4px;background:linear-gradient(90deg,#8f773f,#d3b269);width:var(--w);display:block}
.varvara-bars strong{color:#c9cec9;font-size:11px;text-align:right}
.varvara-process-diagram{padding:35px;border:1px solid var(--line);background:rgba(255,255,255,.012)}
.vp-feed{text-align:center;padding:22px;border:1px solid rgba(211,178,105,.28)}
.vp-feed span,.vp-lines span{display:block;color:#88764c;font-size:9px;letter-spacing:.15em}.vp-feed strong,.vp-lines strong{display:block;margin:7px 0;color:#d4d8d4;font:600 18px Manrope}.vp-feed small,.vp-lines small{color:#737d76;font-size:10px}
.vp-split{height:40px;position:relative}.vp-split:before{content:"";position:absolute;left:50%;top:0;height:20px;border-left:1px solid #655b43}.vp-split i{position:absolute;top:20px;width:25%;border-top:1px solid #655b43}.vp-split i:first-child{left:25%}.vp-split i:last-child{right:25%}
.vp-lines{display:grid;grid-template-columns:1fr 1fr;gap:18px}.vp-lines>div{padding:22px;border:1px solid var(--line)}.vp-lines b{display:block;margin-top:15px;color:#d3b269;font-size:11px}
.varvara-hub-story{align-items:start;padding:55px 0;border-top:1px solid var(--line);border-bottom:1px solid var(--line)}
.varvara-note{margin-top:75px}
@media(max-width:900px){.varvara-kpis{grid-template-columns:1fr 1fr}.varvara-kpis>div:nth-child(2){border-right:0}.varvara-kpis>div:nth-child(-n+2){border-bottom:1px solid var(--line)}.varvara-reserve-breakdown,.varvara-processing,.varvara-hub-story{grid-template-columns:1fr;gap:38px}}
@media(max-width:560px){.varvara-kpis{grid-template-columns:1fr}.varvara-kpis>div{border-right:0!important;border-bottom:1px solid var(--line)}.varvara-kpis>div:last-child{border-bottom:0}.vp-lines{grid-template-columns:1fr}.vp-split{display:none}.varvara-bars>div{grid-template-columns:80px 1fr 60px}}

/* V45 – Ertis POX Deep Dive */
.epox-numbers{display:grid;grid-template-columns:repeat(4,1fr);margin-top:70px;border:1px solid var(--line)}
.epox-numbers>div{padding:28px;border-right:1px solid var(--line)}.epox-numbers>div:last-child{border-right:0}
.epox-numbers strong{display:block;color:#d2b36a;font:500 clamp(27px,3vw,44px)/1 Manrope,sans-serif;white-space:nowrap}.epox-numbers strong small{font-size:.36em}.epox-numbers span{display:block;margin-top:12px;color:#89938c;font-size:10px;letter-spacing:.08em;text-transform:uppercase}
.epox-process,.epox-autoclave,.epox-execution,.epox-economics,.epox-strategy{display:grid;grid-template-columns:1fr 1fr;gap:clamp(55px,8vw,120px);margin-top:95px;align-items:center}
.epox-process h3,.epox-autoclave h3,.epox-execution h3,.epox-economics h3,.epox-strategy h3,.epox-timeline-wrap h3{margin:14px 0 23px;color:#ddd;font:500 clamp(27px,3vw,42px)/1.17 Manrope,sans-serif;letter-spacing:-.03em}
.epox-process h3 em,.epox-strategy h3 em{color:#d2b36a;font-style:normal}
.epox-process p,.epox-autoclave p,.epox-execution p,.epox-economics p,.epox-strategy p{color:#8e9891;font-size:14px;line-height:1.8}.epox-process strong,.epox-autoclave strong,.epox-execution strong,.epox-economics strong,.epox-strategy strong{color:#cbd0cc}
.epox-flow{display:flex;flex-direction:column;gap:0}.epox-flow>div{padding:20px 23px;border:1px solid var(--line)}.epox-flow>i{text-align:center;height:28px;color:#79663d;font-style:normal}.epox-flow span{display:block;color:#80724e;font-size:9px;letter-spacing:.14em}.epox-flow strong{display:block;margin:7px 0;color:#d4d8d4;font:600 17px Manrope}.epox-flow small{color:#737d76;font-size:10px}.epox-flow-hot{border-color:rgba(210,179,106,.38)!important;background:rgba(177,148,79,.05)}
.epox-autoclave{padding:65px 0;border-top:1px solid var(--line);border-bottom:1px solid var(--line)}
.autoclave-shell{position:relative;height:135px;border:2px solid #796c4c;border-radius:68px;background:linear-gradient(180deg,rgba(210,179,106,.08),rgba(255,255,255,.015));display:flex;align-items:center;justify-content:center}.auto-core{color:#d2b36a;font:600 15px Manrope;letter-spacing:.18em}.auto-a,.auto-b{position:absolute;color:#747d77;font-size:9px}.auto-a{bottom:-23px;left:47%}.auto-b{right:-31px;top:48%;transform:rotate(90deg)}.auto-specs{display:grid;grid-template-columns:repeat(3,1fr);margin-top:43px;border-top:1px solid var(--line)}.auto-specs span{padding:17px 8px;color:#737d76;font-size:9px;text-align:center}.auto-specs b{display:block;color:#c7ccc8;font-size:12px;margin-bottom:4px}
.epox-execution,.epox-strategy{align-items:start;padding:55px 0;border-bottom:1px solid var(--line)}
.epox-timeline-wrap{margin-top:90px}.epox-timeline{display:grid;grid-template-columns:repeat(5,1fr);margin-top:38px;border-top:1px solid #62583e}.epox-timeline>div{position:relative;padding:29px 22px 10px;border-right:1px solid var(--line)}.epox-timeline>div:before{content:"";position:absolute;width:7px;height:7px;border-radius:50%;background:#8c7642;top:-4px;left:20px}.epox-timeline span{color:#d2b36a;font-size:10px;letter-spacing:.1em}.epox-timeline strong{display:block;margin:10px 0 7px;color:#cfd4cf;font:600 14px Manrope}.epox-timeline small{color:#747e77;font-size:10px;line-height:1.5}.epox-timeline-final{background:rgba(177,148,79,.04)}
.epox-econ-cards{display:grid;grid-template-columns:repeat(3,1fr);border:1px solid var(--line)}.epox-econ-cards>div{padding:24px 18px;border-right:1px solid var(--line)}.epox-econ-cards>div:last-child{border:0}.epox-econ-cards span{display:block;color:#747d77;font-size:9px;text-transform:uppercase;letter-spacing:.12em}.epox-econ-cards strong{display:block;margin:12px 0;color:#d2b36a;font:500 24px Manrope;white-space:nowrap}.epox-econ-cards small{color:#69736c;font-size:9px}.epox-insight{margin-top:75px}
@media(max-width:950px){.epox-process,.epox-autoclave,.epox-execution,.epox-economics,.epox-strategy{grid-template-columns:1fr;gap:38px}.epox-timeline{grid-template-columns:1fr;border-top:0;border-left:1px solid #62583e}.epox-timeline>div{border-right:0;border-bottom:1px solid var(--line);padding:20px 25px}.epox-timeline>div:before{top:24px;left:-4px}.epox-numbers{grid-template-columns:1fr 1fr}.epox-numbers>div:nth-child(2){border-right:0}.epox-numbers>div:nth-child(-n+2){border-bottom:1px solid var(--line)}}
@media(max-width:580px){.epox-numbers{grid-template-columns:1fr}.epox-numbers>div{border-right:0!important;border-bottom:1px solid var(--line)}.epox-numbers>div:last-child{border-bottom:0}.epox-econ-cards{grid-template-columns:1fr}.epox-econ-cards>div{border-right:0;border-bottom:1px solid var(--line)}.auto-specs{grid-template-columns:1fr}.auto-specs span{border-bottom:1px solid var(--line)}}

/* V49 – Syrymbet Deep Dive */
.tin-kpis{display:grid;grid-template-columns:repeat(4,1fr);margin-top:70px;border:1px solid var(--line)}
.tin-kpis>div{padding:28px;border-right:1px solid var(--line)}.tin-kpis>div:last-child{border-right:0}
.tin-kpis strong{display:block;color:#d2b36a;font:500 clamp(27px,3vw,44px)/1 Manrope,sans-serif;white-space:nowrap}.tin-kpis strong small{font-size:.35em}.tin-kpis span{display:block;margin-top:13px;color:#c7cdc8;font-size:10px;text-transform:uppercase;letter-spacing:.09em}.tin-kpis>div>small{display:block;margin-top:7px;color:#727c75;font-size:9px}
.tin-resource,.tin-importance,.tin-entry{display:grid;grid-template-columns:1fr 1fr;gap:clamp(55px,8vw,120px);margin-top:95px;align-items:center}
.tin-resource h3,.tin-importance h3,.tin-entry h3,.tin-timeline-wrap h3,.tin-speculation h3{margin:13px 0 22px;color:#ddd;font:500 clamp(27px,3vw,42px)/1.18 Manrope,sans-serif;letter-spacing:-.03em}
.tin-resource p,.tin-importance p,.tin-entry p,.tin-speculation p{color:#8e9891;font-size:14px;line-height:1.8}.tin-resource strong,.tin-importance strong,.tin-entry strong,.tin-speculation strong{color:#cbd0cc}
.tin-ownership{border:1px solid var(--line);padding:28px}.tin-ownership>div{display:grid;grid-template-columns:1fr 70px 20px 70px;align-items:center;gap:10px;padding:17px 0;border-bottom:1px solid var(--line);font-size:11px}.tin-ownership>div span{color:#7d8780}.tin-ownership>div strong{color:#cbd0cc}.tin-ownership>div i{color:#776a4a;font-style:normal}.tin-ownership>div b{color:#d2b36a}.tin-ownership>div small{grid-column:4;color:#68726b;font-size:8px}.tin-footnote{margin:18px 0 0!important;font-size:9px!important;line-height:1.6!important;color:#68726b!important}
.tin-importance{padding:65px 0;border-top:1px solid var(--line);border-bottom:1px solid var(--line)}
.tin-demand{display:grid;grid-template-columns:160px 1fr;gap:30px;align-items:center}.tin-ring{width:150px;height:150px;border:1px solid rgba(210,179,106,.45);border-radius:50%;display:flex;flex-direction:column;align-items:center;justify-content:center;text-align:center}.tin-ring strong{color:#d2b36a;font:500 36px Manrope}.tin-ring span{color:#747e77;font-size:9px;line-height:1.5}.tin-demand-growth{padding:24px;border-left:1px solid var(--line)}.tin-demand-growth>span{color:#747e77;font-size:9px;text-transform:uppercase;letter-spacing:.1em}.tin-demand-growth strong{display:block;margin:13px 0;color:#d4d8d4;font:500 23px Manrope}.tin-demand-growth strong i{color:#8c7642;font-style:normal}.tin-demand-growth small{color:#69736c;font-size:9px}
.tin-timeline-wrap{margin-top:90px}.tin-timeline{display:grid;grid-template-columns:repeat(6,1fr);margin-top:38px;border-top:1px solid #62583e}.tin-timeline>div{position:relative;padding:29px 18px 10px;border-right:1px solid var(--line)}.tin-timeline>div:before{content:"";position:absolute;width:7px;height:7px;border-radius:50%;background:#8c7642;top:-4px;left:18px}.tin-timeline span{color:#d2b36a;font-size:10px}.tin-timeline strong{display:block;margin:9px 0 7px;color:#cfd4cf;font:600 13px Manrope}.tin-timeline small{color:#747e77;font-size:9px;line-height:1.5}.tin-timeline-final{background:rgba(177,148,79,.04)}
.tin-price-card{border:1px solid var(--line);padding:35px;text-align:center}.tin-price-card span{display:block;color:#747e77;font-size:9px;text-transform:uppercase;letter-spacing:.1em}.tin-price-card strong{display:block;margin:8px 0 15px;color:#d4d8d4;font:500 27px Manrope}.tin-price-card i{display:block;margin:4px;color:#776a4a;font-style:normal}.tin-price-card b{display:block;margin:24px -35px;padding:19px;background:rgba(177,148,79,.06);border-top:1px solid rgba(210,179,106,.2);border-bottom:1px solid rgba(210,179,106,.2);color:#d2b36a;font:500 26px Manrope}.tin-price-card small{color:#68726b;font-size:9px}
.tin-speculation{margin-top:80px;padding:38px 42px;border:1px dashed rgba(210,179,106,.35);background:rgba(177,148,79,.025)}.tin-speculation h3{max-width:800px}.tin-speculation>small{display:block;margin-top:20px;color:#8a7952;font-size:9px;letter-spacing:.03em}.tin-insight{margin-top:70px}
@media(max-width:950px){.tin-resource,.tin-importance,.tin-entry{grid-template-columns:1fr;gap:38px}.tin-kpis{grid-template-columns:1fr 1fr}.tin-kpis>div:nth-child(2){border-right:0}.tin-kpis>div:nth-child(-n+2){border-bottom:1px solid var(--line)}.tin-timeline{grid-template-columns:1fr;border-top:0;border-left:1px solid #62583e}.tin-timeline>div{border-right:0;border-bottom:1px solid var(--line);padding:20px 25px}.tin-timeline>div:before{top:24px;left:-4px}}
@media(max-width:580px){.tin-kpis{grid-template-columns:1fr}.tin-kpis>div{border-right:0!important;border-bottom:1px solid var(--line)}.tin-kpis>div:last-child{border-bottom:0}.tin-demand{grid-template-columns:1fr}.tin-demand-growth{border-left:0;border-top:1px solid var(--line)}.tin-ownership>div{grid-template-columns:1fr 55px 15px 55px}.tin-speculation{padding:28px 23px}}

/* V50 – Valuation framework */
.valuation-method,.peer-intro,.valuation-discount{display:grid;grid-template-columns:1fr 1fr;gap:clamp(55px,8vw,120px);margin-top:90px;align-items:start}
.valuation-method h3,.sotp-head h3,.peer-intro h3,.valuation-discount h3,.valuation-principle h3{margin:13px 0 20px;color:#ddd;font:500 clamp(27px,3vw,42px)/1.18 Manrope,sans-serif;letter-spacing:-.03em}
.valuation-method p,.peer-intro p,.valuation-discount p,.valuation-principle p,.sotp-row p{color:#8e9891;font-size:14px;line-height:1.8}
.scenario-grid{display:grid;grid-template-columns:repeat(3,1fr);border:1px solid var(--line)}.scenario-grid article{padding:26px 20px;border-right:1px solid var(--line)}.scenario-grid article:last-child{border-right:0}.scenario-grid span{display:block;color:#858f88;font-size:9px;text-transform:uppercase;letter-spacing:.11em}.scenario-grid strong{display:block;margin:13px 0 4px;color:#d3d7d3;font:500 25px Manrope}.scenario-grid small{color:#69736c;font-size:8px}.scenario-grid b{display:block;margin-top:25px;color:#d2b36a;font:500 28px Manrope}.scenario-grid em{color:#6f7972;font-size:8px;font-style:normal;text-transform:uppercase;letter-spacing:.08em}.scenario-base{background:rgba(177,148,79,.055)}
.valuation-principle{margin-top:75px;padding:50px 0;border-top:1px solid var(--line);border-bottom:1px solid var(--line)}.valuation-principle-grid{display:grid;grid-template-columns:1fr 1fr;gap:70px}.valuation-principle-grid>div>span{color:#a58d58;font-size:9px;text-transform:uppercase;letter-spacing:.12em}.valuation-principle-grid h3{font-size:25px}
.sotp-model{margin-top:90px}.sotp-head{max-width:760px;margin-bottom:35px}.sotp-row{display:grid;grid-template-columns:45px 240px 1fr;gap:25px;padding:22px 0;border-top:1px solid var(--line);align-items:start}.sotp-row>span{color:#8c7642;font:500 11px Manrope}.sotp-row b{display:block;color:#d1d5d1;font:600 15px Manrope}.sotp-row small{display:block;margin-top:5px;color:#6f7972;font-size:9px}.sotp-row p{margin:0}
.peer-section{margin-top:100px;padding-top:60px;border-top:1px solid var(--line)}.peer-table{margin-top:45px;border:1px solid var(--line)}.peer-table>div{display:grid;grid-template-columns:160px 1.5fr 1fr;gap:25px;padding:17px 22px;border-bottom:1px solid var(--line);align-items:center}.peer-table>div:last-child{border-bottom:0}.peer-table-head{background:rgba(255,255,255,.018);color:#6f7972;font-size:8px;text-transform:uppercase;letter-spacing:.1em}.peer-table b{color:#d2b36a;font:600 12px Manrope}.peer-table span{color:#9ba39d;font-size:11px}.peer-table small{color:#707a73;font-size:9px}
.valuation-discount{padding:55px 0;border-bottom:1px solid var(--line)}.valuation-discount strong{color:#d2b36a}.valuation-insight{margin-top:70px}
@media(max-width:950px){.valuation-method,.peer-intro,.valuation-discount{grid-template-columns:1fr;gap:35px}.valuation-principle-grid{grid-template-columns:1fr;gap:35px}.sotp-row{grid-template-columns:35px 190px 1fr}.scenario-grid{grid-template-columns:1fr}.scenario-grid article{border-right:0;border-bottom:1px solid var(--line)}.scenario-grid article:last-child{border-bottom:0}}
@media(max-width:650px){.sotp-row{grid-template-columns:28px 1fr}.sotp-row p{grid-column:2}.peer-table>div{grid-template-columns:1fr;gap:7px}.peer-table-head{display:none!important}}

/* V51 – numeric NAV */
.scenario-nav{margin-top:22px;padding-top:17px;border-top:1px solid var(--line);color:#d2b36a;font:600 19px Manrope}.scenario-nav small{display:block;margin-top:4px;color:#737d76;font:8px DM Sans;text-transform:uppercase;letter-spacing:.1em}
.nav-results,.nav-sensitivity{margin-top:95px;padding-top:60px;border-top:1px solid var(--line)}
.nav-table{border:1px solid var(--line);margin-top:35px}.nav-table>div{display:grid;grid-template-columns:1.5fr repeat(3,1fr);padding:15px 22px;border-bottom:1px solid var(--line);align-items:center}.nav-table>div:last-child{border-bottom:0}.nav-table b{color:#c9ceca;font:600 11px Manrope}.nav-table span{color:#919a94;font:500 12px Manrope;text-align:right}.nav-head{background:rgba(255,255,255,.018)}.nav-head span{color:#707a73!important;font-size:8px!important;text-transform:uppercase;letter-spacing:.08em}.nav-total{background:rgba(177,148,79,.035)}.nav-total b,.nav-total span{color:#d7d9d6!important}.nav-per-share{background:rgba(177,148,79,.07)}.nav-per-share b,.nav-per-share span{color:#d2b36a!important;font-size:16px!important}
.sensitivity-scroll{overflow-x:auto;margin-top:35px}.nav-sensitivity table{width:100%;border-collapse:collapse;min-width:720px;border:1px solid var(--line)}.nav-sensitivity th,.nav-sensitivity td{padding:16px 14px;border-right:1px solid var(--line);border-bottom:1px solid var(--line);text-align:right;color:#919a94;font-size:11px}.nav-sensitivity th{color:#c4cac5;font-weight:600}.nav-sensitivity thead th{color:#747e77;font-size:8px;text-transform:uppercase;letter-spacing:.07em}.sens-base{background:rgba(177,148,79,.025)}.sens-focus{background:rgba(177,148,79,.11);color:#d2b36a!important;font-weight:700!important}
@media(max-width:650px){.nav-table>div{grid-template-columns:1.35fr repeat(3,.8fr);padding:13px 10px}.nav-table b,.nav-table span{font-size:9px}.nav-per-share b,.nav-per-share span{font-size:12px!important}}

/* V52 – transparent DCF methodology */
.valuation-methodology{margin-top:95px;padding-top:60px;border-top:1px solid var(--line)}
.method-grid{display:grid;grid-template-columns:repeat(3,1fr);border:1px solid var(--line);margin-top:35px}
.method-grid article{padding:27px;border-right:1px solid var(--line);border-bottom:1px solid var(--line)}
.method-grid article:nth-child(3n){border-right:0}.method-grid article:nth-last-child(-n+3){border-bottom:0}
.method-grid span{color:#9a8350;font-size:8px;text-transform:uppercase;letter-spacing:.11em}
.method-grid strong{display:block;margin:13px 0;color:#d2d6d2;font:500 19px Manrope}
.method-grid p{margin:0;color:#818b84;font-size:11px;line-height:1.7}.method-grid b{color:#bdc4be;font-weight:600}
.formula-box{margin-top:35px;padding:30px 34px;border-left:2px solid #a78d50;background:rgba(177,148,79,.035)}
.formula-box span{display:block;color:#8d7950;font-size:8px;text-transform:uppercase;letter-spacing:.12em}
.formula-box strong{display:block;margin:14px 0;color:#d3d7d3;font:500 16px/1.6 Manrope}
.formula-box i{display:block;color:#9ca49e;font:normal 13px Manrope}
.cost-stress{display:grid;grid-template-columns:1.5fr repeat(3,1fr);margin-top:35px;border:1px solid var(--line)}
.cost-stress>div{padding:20px;border-right:1px solid var(--line)}.cost-stress>div:last-child{border-right:0}
.cost-stress span,.cost-stress small{display:block;color:#747e77;font-size:8px;text-transform:uppercase;letter-spacing:.08em}
.cost-stress strong{display:block;margin-top:8px;color:#c9ceca;font:500 14px Manrope}.cost-stress b{display:block;margin-top:9px;color:#d2b36a;font:500 19px Manrope}
@media(max-width:900px){.method-grid{grid-template-columns:1fr 1fr}.method-grid article:nth-child(3n){border-right:1px solid var(--line)}.method-grid article:nth-child(2n){border-right:0}.method-grid article:nth-last-child(-n+3){border-bottom:1px solid var(--line)}.method-grid article:nth-last-child(-n+2){border-bottom:0}.cost-stress{grid-template-columns:1fr 1fr}.cost-stress>div{border-bottom:1px solid var(--line)}}
@media(max-width:580px){.method-grid{grid-template-columns:1fr}.method-grid article{border-right:0!important;border-bottom:1px solid var(--line)!important}.method-grid article:last-child{border-bottom:0!important}.cost-stress{grid-template-columns:1fr}.cost-stress>div{border-right:0;border-bottom:1px solid var(--line)}.formula-box{padding:24px 20px}}
.asset-model-notes{display:grid;grid-template-columns:1fr 1fr;gap:1px;margin-top:45px;background:var(--line);border:1px solid var(--line)}.asset-model-notes article{background:#090b0a;padding:32px}.asset-model-notes h3{color:#d0d4d0;font:500 23px/1.25 Manrope;margin:10px 0 16px}.asset-model-notes p:not(.eyebrow){color:#818b84;font-size:11px;line-height:1.75}@media(max-width:760px){.asset-model-notes{grid-template-columns:1fr}}
.syry-dcf-box{margin-top:55px;padding:45px;border:1px solid var(--line);background:rgba(177,148,79,.018)}
.syry-assumptions{display:grid;grid-template-columns:repeat(3,1fr);border:1px solid var(--line);margin-top:28px}.syry-assumptions>div{padding:20px;border-right:1px solid var(--line);border-bottom:1px solid var(--line)}.syry-assumptions>div:nth-child(3n){border-right:0}.syry-assumptions>div:nth-last-child(-n+3){border-bottom:0}.syry-assumptions span,.syry-assumptions small{display:block;color:#747e77;font-size:8px;text-transform:uppercase;letter-spacing:.08em}.syry-assumptions b{display:block;margin:8px 0;color:#d2b36a;font:500 18px Manrope}
.syry-scenarios{display:grid;grid-template-columns:repeat(3,1fr);margin-top:28px;border:1px solid var(--line)}.syry-scenarios article{padding:24px;border-right:1px solid var(--line)}.syry-scenarios article:last-child{border-right:0}.syry-scenarios span,.syry-scenarios small{display:block;color:#747e77;font-size:8px;text-transform:uppercase;letter-spacing:.08em}.syry-scenarios strong{display:block;margin:10px 0;color:#d0d4d0;font:500 20px Manrope}.syry-scenarios b{display:block;margin:18px 0 5px;color:#d2b36a;font:500 24px Manrope}
@media(max-width:760px){.syry-dcf-box{padding:25px 18px}.syry-assumptions,.syry-scenarios{grid-template-columns:1fr}.syry-assumptions>div,.syry-scenarios article{border-right:0;border-bottom:1px solid var(--line)!important}.syry-assumptions>div:last-child,.syry-scenarios article:last-child{border-bottom:0!important}}

.ertis-valuation{margin-top:55px;padding:45px;border:1px solid var(--line);background:rgba(177,148,79,.018)}
.ertis-assumptions{display:grid;grid-template-columns:repeat(4,1fr);border:1px solid var(--line);margin-top:28px}.ertis-assumptions>div{padding:20px;border-right:1px solid var(--line)}.ertis-assumptions>div:last-child{border-right:0}.ertis-assumptions span,.ertis-assumptions small,.tolling-example span,.tolling-example small{display:block;color:#747e77;font-size:8px;text-transform:uppercase;letter-spacing:.08em}.ertis-assumptions b{display:block;margin:8px 0;color:#d2b36a;font:500 18px Manrope}
.ertis-scenarios{display:grid;grid-template-columns:repeat(3,1fr);margin-top:28px;border:1px solid var(--line)}.ertis-scenarios article{padding:24px;border-right:1px solid var(--line)}.ertis-scenarios article:last-child{border-right:0}.ertis-scenarios span,.ertis-scenarios small{display:block;color:#747e77;font-size:8px;text-transform:uppercase;letter-spacing:.08em}.ertis-scenarios strong{display:block;margin:10px 0;color:#d2b36a;font:500 24px Manrope}
.ertis-upside{display:grid;grid-template-columns:2fr 1fr;gap:1px;margin-top:28px;background:var(--line);border:1px solid var(--line)}.ertis-upside>div{background:#090b0a;padding:28px}.ertis-upside h4{color:#d0d4d0;font:500 21px/1.3 Manrope;margin:8px 0 12px}.ertis-upside p:not(.eyebrow){color:#818b84;font-size:11px;line-height:1.75}.tolling-example b{display:block;color:#d2b36a;font:500 26px Manrope;margin:14px 0}
@media(max-width:760px){.ertis-valuation{padding:25px 18px}.ertis-assumptions{grid-template-columns:1fr 1fr}.ertis-assumptions>div{border-bottom:1px solid var(--line)}.ertis-scenarios,.ertis-upside{grid-template-columns:1fr}.ertis-scenarios article{border-right:0;border-bottom:1px solid var(--line)}.ertis-scenarios article:last-child{border-bottom:0}}

.sens-anchor{font-weight:700!important;color:#d2b36a!important;background:rgba(177,148,79,.055)}
.sens-anchor-conservative{box-shadow:inset 0 0 0 1px rgba(177,148,79,.18)}
.sens-anchor-optimistic{box-shadow:inset 0 0 0 1px rgba(177,148,79,.18)}

/* V61 – NAV versus market value */
.nav-market-bridge{
  margin-top:95px;
  padding-top:60px;
  border-top:1px solid var(--line);
}
.nav-market-head{
  display:grid;
  grid-template-columns:1fr 1fr;
  gap:clamp(55px,8vw,120px);
  align-items:start;
}
.nav-market-head h3{
  margin:13px 0 20px;
  color:#ddd;
  font:500 clamp(27px,3vw,42px)/1.18 Manrope,sans-serif;
  letter-spacing:-.03em;
}
.nav-market-head p{
  color:#8e9891;
  font-size:14px;
  line-height:1.8;
}
.nav-market-head strong{color:#d0d5d0}
.nav-market-cards{
  display:grid;
  grid-template-columns:repeat(3,1fr);
  margin-top:42px;
  border:1px solid var(--line);
}
.nav-market-cards article{
  padding:30px 28px;
  border-right:1px solid var(--line);
}
.nav-market-cards article:last-child{border-right:0}
.nav-market-cards span{
  display:block;
  color:#757f78;
  font-size:9px;
  text-transform:uppercase;
  letter-spacing:.11em;
}
.nav-market-cards strong{
  display:block;
  margin:15px 0 12px;
  color:#d2b36a;
  font:500 clamp(30px,3vw,44px)/1 Manrope,sans-serif;
}
.nav-market-cards b{
  display:block;
  color:#d4d8d4;
  font:600 13px Manrope,sans-serif;
}
.nav-market-cards p{
  margin:17px 0 0;
  color:#7f8982;
  font-size:11px;
  line-height:1.7;
}
.nav-market-base{
  background:rgba(177,148,79,.055);
}
.nav-market-note{
  display:grid;
  grid-template-columns:180px 1fr;
  gap:28px;
  margin-top:28px;
  padding:28px 0;
  border-bottom:1px solid var(--line);
}
.nav-market-note p{
  margin:0;
  color:#858f88;
  font-size:12px;
  line-height:1.75;
}
@media(max-width:850px){
  .nav-market-head{grid-template-columns:1fr;gap:30px}
  .nav-market-cards{grid-template-columns:1fr}
  .nav-market-cards article{border-right:0;border-bottom:1px solid var(--line)}
  .nav-market-cards article:last-child{border-bottom:0}
  .nav-market-note{grid-template-columns:1fr;gap:10px}
}

/* V63 – cleaner transition from NAV interpretation to peer group */
.nav-market-note{border-bottom:0!important}
.nav-market-bridge + .peer-section{border-top:0!important}

/* V64 – one deliberate chapter divider before Peer Group */
.nav-market-bridge + .peer-section{
  border-top:1px solid var(--line)!important;
  padding-top:72px;
}

/* V65 – focused peer valuation */
.peer-base-table strong,.peer-company-table strong{color:#d2b36a;font-weight:600}
.peer-comparison-block{margin-top:54px}
.peer-comparison-head{display:grid;grid-template-columns:1fr 1fr;gap:clamp(45px,7vw,105px);align-items:start;margin-bottom:30px}
.peer-comparison-head h3{margin:10px 0 0;color:#ddd;font:500 clamp(25px,2.7vw,38px)/1.2 Manrope,sans-serif;letter-spacing:-.025em}
.peer-comparison-head p{margin:0;color:#858f88;font-size:12px;line-height:1.8}
.peer-company-table{border:1px solid var(--line)}
.peer-company-table>div{display:grid;grid-template-columns:1.35fr .8fr 1fr .8fr;align-items:center;min-height:58px;border-bottom:1px solid var(--line);padding:0 24px}
.peer-company-table>div:last-child{border-bottom:0}
.peer-company-head{color:#7d8780;text-transform:uppercase;font-size:9px;letter-spacing:.08em;background:rgba(255,255,255,.015)}
.peer-company-table b{color:#cfd4cf;font-size:12px}
.peer-company-table strong{font-size:13px}
.peer-company-table span{color:#818b84;font-size:11px}
.peer-solidcore{background:rgba(177,148,79,.06)}
@media(max-width:760px){
 .peer-comparison-head{grid-template-columns:1fr}
 .peer-company-table{overflow-x:auto}
 .peer-company-table>div{grid-template-columns:150px 100px 135px 100px;min-width:520px}
}

/* V66 – Peer DCF discount-rate note */
.peer-discount-note{
  display:grid;
  grid-template-columns:190px 1fr;
  gap:28px;
  margin-top:24px;
  padding:24px 0 6px;
}
.peer-discount-note p{
  margin:0;
  color:#858f88;
  font-size:11px;
  line-height:1.75;
}
.peer-discount-note strong{color:#c8cec9}
@media(max-width:760px){
  .peer-discount-note{grid-template-columns:1fr;gap:8px}
}

/* V67 – Peer intro vereinfacht */
.peer-comparison-head--single{
  display:block!important;
  margin-bottom:28px;
}
.peer-comparison-head--single > div{
  max-width:920px;
}
.peer-method-line{
  margin:16px 0 0!important;
  color:#858f88!important;
  font-size:12px!important;
  line-height:1.75!important;
}
.peer-method-line strong{
  color:#c9cfca;
  font-weight:600;
}

/* V70 – Methodiktext bleibt als zusammenhängender Textblock in Spalte 2 */
.peer-method-copy{grid-column:2;min-width:0}
.peer-method-copy p+p{margin-top:12px}
@media(max-width:760px){
  .peer-method-copy{grid-column:1}
}

/* V71 – quantitative peer-group conclusion */
.valuation-insight--peer h3{max-width:980px}
.valuation-insight--peer p{max-width:980px}
.peer-valuation-punch{
  display:grid;
  grid-template-columns:repeat(3,1fr);
  margin-top:32px;
  border:1px solid var(--line);
}
.peer-valuation-punch>div{
  padding:22px 24px;
  border-right:1px solid var(--line);
}
.peer-valuation-punch>div:last-child{border-right:0}
.peer-valuation-punch span,.peer-valuation-punch small{
  display:block;
  color:#768079;
  font-size:8px;
  text-transform:uppercase;
  letter-spacing:.09em;
}
.peer-valuation-punch strong{
  display:block;
  margin:8px 0 7px;
  color:#d2b36a;
  font:500 28px Manrope,sans-serif;
}
@media(max-width:760px){
  .peer-valuation-punch{grid-template-columns:1fr}
  .peer-valuation-punch>div{border-right:0;border-bottom:1px solid var(--line)}
  .peer-valuation-punch>div:last-child{border-bottom:0}
}

/* V72 – Verantwortung & ESG */
.responsibility-intro .asset-intro p+p{margin-top:14px}
.responsibility-stats--facts{margin-top:46px}
.responsibility-grid--evidence{grid-template-columns:repeat(2,minmax(0,1fr))}
.responsibility-grid--evidence article{min-height:310px}
.responsibility-project--economy{margin-top:28px}
.responsibility-external{display:grid;grid-template-columns:230px minmax(0,1fr);gap:30px;margin-top:28px;padding:26px 0;border-top:1px solid var(--line);border-bottom:1px solid var(--line)}
.responsibility-external p{margin:0;max-width:980px}
@media(max-width:900px){.responsibility-grid--evidence{grid-template-columns:1fr}.responsibility-grid--evidence article{min-height:0}.responsibility-external{grid-template-columns:1fr;gap:12px}}

/* V74 – Verarbeitungstechnologie im ESG-Kapitel */
.responsibility-technology{
  display:grid;
  grid-template-columns:minmax(240px,.7fr) minmax(0,1.3fr);
  gap:54px;
  margin:34px 0 28px;
  padding:32px 0;
  border-top:1px solid var(--line);
  border-bottom:1px solid var(--line);
}
.responsibility-technology h3{margin-top:8px;max-width:430px}
.responsibility-technology p{margin:0;max-width:920px}
.responsibility-technology p+p{margin-top:16px}
@media(max-width:900px){
  .responsibility-technology{grid-template-columns:1fr;gap:18px}
}

/* V77 – Verarbeitungstechnologie: volle Abschnittsbreite nach ESG-Punkt 4 */
.responsibility-technology{
  width:100%;
  max-width:none;
  grid-column:1 / -1;
  grid-template-columns:minmax(300px,.42fr) minmax(0,1.58fr);
}
.responsibility-technology > div:last-child{
  width:100%;
  max-width:none;
}
.responsibility-technology > div:last-child p{
  width:100%;
  max-width:none;
}
@media(max-width:900px){
  .responsibility-technology{grid-template-columns:1fr}
}

/* V78 – ESG Punkt 03 links bündig mit Punkt 01 */
.responsibility-grid--evidence > article:nth-child(3){
  padding-left:0;
}


/* V80 – Ankeraktionär als nachgelagerte, bewusst zurückhaltende Kontextbox */
.shareholder-note{
  display:grid;
  grid-template-columns:minmax(180px,.28fr) minmax(0,.72fr);
  gap:clamp(32px,5vw,80px);
  margin:48px 0 72px;
  padding:26px 30px 28px;
  border:1px solid rgba(255,255,255,.09);
  background:rgba(255,255,255,.018);
}
.shareholder-note-label{
  color:#a98e52;
  font-size:10px;
  font-weight:700;
  letter-spacing:.16em;
  line-height:1.55;
  text-transform:uppercase;
}
.shareholder-note-copy h3{
  margin:0 0 10px;
  color:#d7d8d4;
  font-size:clamp(17px,1.35vw,21px);
  font-weight:600;
  line-height:1.35;
}
.shareholder-note-copy p{
  margin:0;
  color:#929a94;
  font-size:14px;
  line-height:1.75;
  max-width:1050px;
}
.shareholder-note-copy strong{color:#c5c8c3;font-weight:600}
@media(max-width:760px){
  .shareholder-note{grid-template-columns:1fr;gap:14px;padding:22px 20px;margin:38px 0 54px}
}

/* V81 – Chancen/Risiken: identische vertikale Abstände der nummerierten Zeilen */
.risk-section .catalyst-row + .catalyst-row,
.risk-section .risk-row + .risk-row{margin-top:32px}

/* V82 – Chancen/Risiken: einheitlicher Rhythmus der vier Hauptblöcke */
.risk-section .subsection-kicker {
  margin-top: 72px !important;
  margin-bottom: 28px !important;
}
.risk-section .subsection-kicker:first-of-type {
  margin-top: 0 !important;
}
.risk-section .subsection-kicker + .catalyst-grid,
.risk-section .subsection-kicker + .risk-grid {
  margin-top: 0 !important;
}

/* keine abweichenden Zusatzabstände zwischen den Hauptblöcken */
.risk-section .catalyst-grid,
.risk-section .risk-grid {
  margin-bottom: 0 !important;
}

/* V84 – leere Rasterflächen in Risiko-Blöcken nicht grau darstellen */
.risk-section .risk-grid{
  background:transparent !important;
  gap:1px;
  border:0;
}
.risk-section .risk-grid article{
  border:1px solid var(--line);
}

/* V85 – vollständiges Fazit der Solidcore-Analyse */
.deep-conclusion .conclusion-copy{max-width:1040px;margin-top:48px}
.deep-conclusion .conclusion-copy p{max-width:1040px;margin:0 0 24px;color:#9ca59e;font-size:17px;line-height:1.82}
.deep-conclusion .conclusion-copy strong{color:#d9dcd7}
.conclusion-verdict{max-width:1120px;margin:54px 0 42px;padding:34px 38px;border:1px solid rgba(207,177,105,.22);background:linear-gradient(180deg,rgba(180,147,75,.045),rgba(255,255,255,.008))}
.conclusion-verdict p{max-width:980px!important;margin:16px 0 0!important;color:#d9dcd7!important;font-size:20px!important;line-height:1.65!important}
@media(max-width:680px){.conclusion-verdict{padding:28px 24px}.conclusion-verdict p{font-size:17px!important}}

/* V86 – Footer und Legal-Overlays von der Startseite */
footer{
  min-height:190px;
  padding:48px clamp(24px,4vw,64px);
  border-top:1px solid var(--line);
  display:flex;align-items:center;gap:30px;
  color:#7f8981;
}
footer p{font-size:12px}
.footer-brand{color:#d9ddd9}
.copyright{margin-left:auto}

.toast{
  position:fixed;
  right:24px;bottom:24px;
  width:min(390px,calc(100vw - 48px));
  padding:18px 20px;
  background:#f1efe7;
  color:#111;
  border-radius:14px;
  box-shadow:0 22px 80px rgba(0,0,0,.35);
  z-index:1200;
  transform:translateY(140%);
  opacity:0;
  transition:.35s cubic-bezier(.2,.8,.2,1);
}
.toast.show{transform:translateY(0);opacity:1}
.toast strong{display:block;font-family:"Manrope",sans-serif;font-size:14px}
.toast span{display:block;color:#555;margin-top:4px;font-size:13px}

@media (max-width:1050px){
  /* iOS/Safari-Bugfix: kein backdrop-filter am fixed Header auf Mobilgeräten.
     backdrop-filter kann für fixed-Kindelemente einen neuen Containing Block
     erzeugen und das versteckte Menü beim Scrollen sichtbar machen. */
  .site-header.scrolled{
    background:rgba(10,14,12,.96);
    backdrop-filter:none;
    -webkit-backdrop-filter:none;
  }

  .main-nav{
    position:fixed;
    top:var(--header-h);
    left:0;
    right:0;
    bottom:0;
    height:calc(100dvh - var(--header-h));
    background:rgba(8,12,10,.985);
    backdrop-filter:none;
    -webkit-backdrop-filter:none;
    flex-direction:column;
    justify-content:center;
    gap:26px;

    /* Geschlossen wirklich unsichtbar statt weit aus dem Viewport verschoben. */
    opacity:0;
    visibility:hidden;
    pointer-events:none;
    transform:translateY(-10px);
    transition:opacity .22s ease, transform .22s ease, visibility 0s linear .22s;
  }

  .main-nav.open{
    opacity:1;
    visibility:visible;
    pointer-events:auto;
    transform:translateY(0);
    transition:opacity .22s ease, transform .22s ease, visibility 0s;
  }
  .main-nav a{font-size:22px}
  .nav-toggle{display:block}
  .nav-toggle.active span:first-child{transform:translateY(3.5px) rotate(45deg)}
  .nav-toggle.active span:last-child{transform:translateY(-3.5px) rotate(-45deg)}
  .intro-stats{display:none}
  .company{grid-template-columns:1fr}
  .company-art{min-height:48svh}
  .company-content{
    min-height:70svh;
    background:#0a0e0c;
    padding:70px clamp(24px,8vw,84px) 64px;
  }
  .company-index{top:46px}
  .about{grid-template-columns:1fr;gap:50px}
  .contact-disclaimer{grid-template-columns:1fr}
  .disclaimer-card{border-left:0;border-top:1px solid var(--line)}
}

@media (max-width:680px){
  :root{--header-h:68px}
  .site-header{padding:0 20px}
  .intro{padding:calc(var(--header-h) + 60px) 24px 90px}
  .intro h1{font-size:clamp(52px,16vw,80px)}
  .intro-copy{font-size:16px}
  .intro-actions{align-items:flex-start;flex-direction:column;gap:18px}
  .scroll-hint{display:none}
  .company-art{min-height:40svh}
  .company-content{padding:66px 24px 54px}
  .company-index{right:24px;top:38px}
  .company h2{font-size:clamp(54px,16vw,82px)}
  .company-lead{font-size:16px}
  .company-bottom{align-items:flex-start;flex-direction:column}
  .button-ghost{width:100%}
  .about{padding:90px 24px}
  .about-copy p{font-size:16px}
  .contact-card,.disclaimer-card{padding:82px 24px}
  footer{flex-direction:column;align-items:flex-start}
  .copyright{margin-left:0}
}

@media (prefers-reduced-motion:reduce){
  html{scroll-behavior:auto}
  *,*:before,*:after{animation:none!important;transition:none!important}
}

/* Legal/contact overlays */
.modal{
  position:fixed;inset:0;z-index:1400;display:grid;place-items:center;padding:24px;
  visibility:hidden;opacity:0;transition:opacity .25s ease,visibility .25s ease;
}
.modal.is-open{visibility:visible;opacity:1}
.modal-backdrop{position:absolute;inset:0;background:rgba(3,6,5,.80);backdrop-filter:blur(12px)}
.modal-panel{
  position:relative;width:min(680px,100%);max-height:min(820px,calc(100svh - 48px));overflow:auto;
  padding:clamp(32px,5vw,64px);
  background:radial-gradient(circle at 92% 4%,rgba(215,180,106,.08),transparent 27%),#101612;
  border:1px solid rgba(255,255,255,.12);border-radius:22px;
  box-shadow:0 40px 120px rgba(0,0,0,.55);
  transform:translateY(18px) scale(.985);transition:transform .28s cubic-bezier(.2,.8,.2,1);
}
.modal.is-open .modal-panel{transform:none}
.modal-panel-wide{width:min(940px,100%)}
.modal-panel h2{font-family:"Manrope",sans-serif;margin:0 0 30px;font-size:clamp(42px,6vw,76px);line-height:.98;letter-spacing:-.055em}
.modal-panel h3{margin:0 0 12px;font-size:14px;font-weight:600;color:#e7e7df}
.modal-panel p{color:#aeb6b0;line-height:1.7}
.modal-panel a{color:#e6c57d}
.modal-panel a:hover{text-decoration:underline}
.modal-close{
  position:absolute;top:18px;right:18px;width:42px;height:42px;border-radius:50%;
  border:1px solid rgba(255,255,255,.14);background:rgba(255,255,255,.035);
  color:#fff;font-size:28px;font-weight:300;line-height:1;cursor:pointer;transition:.2s ease;
}
.modal-close:hover{border-color:var(--accent);color:var(--accent);transform:rotate(4deg)}
.modal-intro{font-size:18px;max-width:560px}
.legal-contact{display:grid;grid-template-columns:90px 1fr;gap:20px;margin-top:38px;padding-top:24px;border-top:1px solid var(--line)}
.legal-contact span{color:#737d76;font-size:12px;text-transform:uppercase;letter-spacing:.14em}
.legal-contact a{font-size:18px}
.modal-note{font-size:12px!important;color:#747f77!important;margin-top:34px}
.legal-grid{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:1px;margin-top:36px;background:var(--line);border:1px solid var(--line)}
.legal-grid>div{min-height:170px;padding:26px;background:#0c110e}
.legal-grid>div:last-child{grid-column:1/-1}
.legal-grid p{margin:0;font-size:14px}
.legal-copy{max-width:790px;padding-right:10px}
.legal-copy h3{margin-top:34px;padding-top:24px;border-top:1px solid var(--line);font-size:16px}
.legal-copy h3:first-child{margin-top:0;border-top:0;padding-top:0}
.legal-copy p{font-size:14px;margin:0}
.modal-button{margin-top:26px;background:transparent;color:var(--ink);cursor:pointer}
.footer-legal{display:flex;gap:18px}
.footer-legal a{font-size:12px;color:#8c958e}
.footer-legal a:hover{color:#fff}
body.modal-open{overflow:hidden}
@media (max-width:680px){
  .modal{padding:10px}
  .modal-panel{max-height:calc(100svh - 20px);padding:56px 24px 34px;border-radius:17px}
  .modal-panel h2{font-size:48px}
  .legal-grid{grid-template-columns:1fr}
  .legal-grid>div:last-child{grid-column:auto}
  .legal-contact{grid-template-columns:1fr;gap:7px}
  footer .footer-legal{flex-wrap:wrap}
}

/* Hero copy update */
.intro-copy > p{
  margin:0;
}

/* Solidcore hero image – mobile tuning */
@media (max-width:1050px){
  .company-solidcore .company-art{min-height:52svh}
  .solidcore-photo{
    background-position:54% 54%;
    filter:saturate(.86) contrast(1.04) brightness(.64);
  }
  .solidcore-photo-shade{
    background:linear-gradient(180deg,rgba(6,9,8,.06) 0%,rgba(6,9,8,.10) 55%,rgba(6,9,8,.62) 100%);
  }
  .solidcore-orbit-one{
    width:95vw;height:95vw;min-width:0;min-height:0;left:-34vw;top:2%;
  }
  .solidcore-orbit-two{
    width:58vw;height:58vw;min-width:0;min-height:0;left:18%;bottom:-22%;
  }
}
@media (max-width:680px){
  .company-solidcore .company-art{min-height:43svh}
  .solidcore-photo{background-position:56% 52%}
  .solidcore-glow-one{width:72px;height:72px;left:48%;top:48%}
  .solidcore-glow-two{width:52px;height:52px;left:68%;bottom:14%}
}


/* V35 – Solidcore-Teaser: Bild und Titel führen ebenfalls in den Deep Dive */
.solidcore-art-link{
  display:block;
  color:inherit;
  text-decoration:none;
  cursor:pointer;
}
.solidcore-art-link .solidcore-photo{
  transition:transform .45s ease,filter .45s ease;
}
.solidcore-art-link:hover .solidcore-photo{
  transform:scale(1.035);
  filter:saturate(.9) contrast(1.07) brightness(.72);
}
.company-title-link{
  color:inherit;
  text-decoration:none;
  transition:color .22s ease;
}
.company-title-link:hover{
  color:var(--accent);
}
.company-title-link:focus-visible,
.solidcore-art-link:focus-visible{
  outline:1px solid var(--accent);
  outline-offset:6px;
}
.history-note,.model-method-note,.position-disclosure{max-width:1120px;margin:34px auto;padding:26px 30px;border:1px solid var(--line);background:rgba(255,255,255,.018);line-height:1.72}.history-note h3{margin:9px 0 12px}.inline-source{margin-top:14px!important;font-size:12px!important;opacity:.72}.model-method-note{margin-top:20px;font-size:14px;color:#aeb5af}.position-disclosure{margin-top:64px;font-size:13px;color:#9ca59e}@media(max-width:680px){.history-note,.model-method-note,.position-disclosure{padding:22px 20px}}
/* V91 – Methodikhinweis MET / Royalties */
.met-method-note{
  margin-top:22px;
}

/* V94 – früher Transparenzhinweis */
.early-position-note{max-width:1180px;margin:18px auto 0;padding:10px 14px;border-left:2px solid rgba(255,255,255,.22);color:var(--muted);font-size:.82rem;line-height:1.5}
.early-position-note strong{color:var(--text)}

/* V97 – ausschließlich Mobile-Hero: verhindert Abschneiden von „Goldproduzent.“ */
@media (max-width:460px){
  .deep-hero h1{font-size:clamp(43px,12.6vw,56px)}
}


/* V99 – Layout polish: alignment and wider methodology / downside notes */
/* Align the early transparency notice with the outer edge of the history box.
   history-note: 1120px content + 60px padding + 2px border = 1182px outer width. */
.early-position-note{max-width:1152px}

/* Both notes are children of two-column grids. Let them use the full available
   content width so the copy wraps less and the boxes become noticeably lower. */
.country-risk-note,
.downside-note{
  grid-column:1 / -1;
  width:100%;
  max-width:none;
  box-sizing:border-box;
}

/* Vizsla Silver draft overrides */
.deep-hero-image{background-image:linear-gradient(120deg,rgba(8,14,12,.38),rgba(8,14,12,.82)),radial-gradient(circle at 72% 35%,rgba(191,191,180,.20),transparent 28%),linear-gradient(135deg,#17211d,#080d0b 65%);}
.vizsla-alert{border:1px solid rgba(199,153,93,.34);background:rgba(199,153,93,.055);padding:34px 40px;margin:42px auto;max-width:1500px}.vizsla-alert h3{margin:8px 0 16px}.vizsla-alert p{max-width:1150px}.security-timeline{display:grid;grid-template-columns:repeat(4,1fr);gap:1px;background:var(--line);border:1px solid var(--line);margin-top:34px}.security-timeline>div{background:var(--bg);padding:26px}.security-timeline span{font-size:12px;letter-spacing:.12em;text-transform:uppercase;color:var(--muted)}.security-timeline strong{display:block;margin:9px 0;font-family:Manrope,sans-serif}.draft-note{font-size:13px;color:var(--muted);border-left:2px solid var(--line);padding-left:18px}.wide-note{max-width:none!important;width:100%!important}@media(max-width:850px){.security-timeline{grid-template-columns:1fr}.vizsla-alert{padding:26px 22px}}

/* V104 – Panuco: FS-Scope vs. District-Upside */
.fs-scope{margin-top:76px;border:1px solid var(--line);background:linear-gradient(135deg,rgba(211,178,105,.035),rgba(255,255,255,.012));}
.fs-scope-head{padding:36px 40px 30px;border-bottom:1px solid var(--line);max-width:none}
.fs-scope-head h3{font-size:clamp(28px,3vw,46px);letter-spacing:-.035em;line-height:1.08;margin:12px 0 14px;max-width:900px}
.fs-scope-head p{max-width:920px;color:#929b94;line-height:1.72;margin:0}
.fs-scope-grid{display:grid;grid-template-columns:1fr 1fr}
.fs-scope-grid article{padding:38px 40px;min-height:360px}
.fs-scope-grid article+article{border-left:1px solid var(--line)}
.fs-scope-grid article>span{font-size:10px;text-transform:uppercase;letter-spacing:.16em;color:#8f7948}
.fs-scope-grid h4{font-size:25px;margin:18px 0 24px}
.fs-scope-grid ul{margin:0;padding:0;list-style:none}
.fs-scope-grid li{position:relative;padding:13px 0 13px 23px;border-top:1px solid rgba(255,255,255,.065);color:#929b94;font-size:14px;line-height:1.6}
.fs-scope-grid li:before{content:'—';position:absolute;left:0;color:#806d43}
.fs-scope-grid strong{color:#d7dad6;font-weight:600}
.fs-scope-bottom{margin:0;padding:25px 40px;border-top:1px solid var(--line);color:#9aa39c;font-size:13px;line-height:1.72}
.fs-scope-bottom strong{color:#d6b66b}
@media(max-width:850px){.fs-scope{margin-top:52px}.fs-scope-head,.fs-scope-grid article,.fs-scope-bottom{padding-left:24px;padding-right:24px}.fs-scope-grid{grid-template-columns:1fr}.fs-scope-grid article{min-height:0}.fs-scope-grid article+article{border-left:0;border-top:1px solid var(--line)}}

/* V106 – Vizsla valuation model */
.valuation-reference{display:grid;grid-template-columns:repeat(4,1fr);border:1px solid var(--line);margin-top:58px}
.valuation-reference>div{padding:26px 30px;min-height:118px}.valuation-reference>div+div{border-left:1px solid var(--line)}
.valuation-reference span,.equity-bridge-numbers span{display:block;font-size:10px;letter-spacing:.14em;text-transform:uppercase;color:#8f9791}
.valuation-reference strong{display:block;font-family:Manrope,sans-serif;font-size:26px;margin:8px 0 2px;color:#d6b66b}.valuation-reference small{color:#78827b;font-size:11px}
.valuation-method{margin-top:50px;padding:34px 38px;border-left:2px solid #806d43;background:rgba(211,178,105,.028);width:100%;max-width:none;box-sizing:border-box}
.valuation-method h3,.valuation-table-head h3,.equity-bridge h3,.valuation-conclusion h3{font-size:clamp(25px,2.6vw,40px);letter-spacing:-.03em;margin:10px 0 14px}
.valuation-method p{max-width:1020px;color:#a0a8a2;line-height:1.7}.valuation-method .method-small{font-size:12px;color:#7f8881;margin-top:16px}
.valuation-scenarios{display:grid;grid-template-columns:repeat(4,1fr);gap:1px;background:var(--line);border:1px solid var(--line);margin-top:48px}
.valuation-scenarios article{background:var(--bg);padding:34px 34px 36px;min-height:260px}.valuation-scenarios article.is-base{background:linear-gradient(145deg,rgba(211,178,105,.075),rgba(255,255,255,.012))}
.valuation-scenarios>article>span{font-size:10px;letter-spacing:.15em;color:#8f7948}.valuation-scenarios h3{font-size:29px;line-height:1.12;margin:22px 0 18px}.valuation-scenarios h3 em{font-style:normal;color:#d6b66b}.valuation-scenarios p{font-size:13px;line-height:1.72;color:#89938c;margin:0}
.valuation-table-wrap,.nav-sensitivity{margin-top:54px;border:1px solid var(--line);overflow:hidden}.valuation-table-head{display:flex;align-items:flex-end;justify-content:space-between;gap:28px;padding:30px 34px;border-bottom:1px solid var(--line)}.valuation-table-head h3{margin-bottom:0}.valuation-table-head>p{font-size:11px;text-transform:uppercase;letter-spacing:.12em;color:#727c75;margin:0 0 4px}
.valuation-table{width:100%;border-collapse:collapse;table-layout:fixed}.valuation-table th,.valuation-table td{padding:24px 26px;border-right:1px solid var(--line);border-bottom:1px solid var(--line);text-align:right}.valuation-table th:first-child{text-align:left}.valuation-table tr:last-child th,.valuation-table tr:last-child td{border-bottom:0}.valuation-table th:last-child,.valuation-table td:last-child{border-right:0}.valuation-table thead th{font-size:12px;color:#9ca59e;font-weight:600;letter-spacing:.02em;background:rgba(255,255,255,.012)}.valuation-table thead small{display:block;font-weight:400;color:#68726b;margin-top:4px}.valuation-table tbody th{font-size:14px;color:#c1c6c2}.valuation-table tbody th small{display:block;color:#68726b;font-weight:400;margin-top:4px}.valuation-table tbody td{font-family:Manrope,sans-serif;font-size:24px;color:#d8dcd8}.valuation-table .base-row{background:rgba(211,178,105,.045)}.valuation-table .base-row strong{color:#d6b66b;font-weight:700}
.equity-bridge{display:grid;grid-template-columns:1.25fr .75fr;border:1px solid var(--line);margin-top:54px}.equity-bridge-copy{padding:40px 42px}.equity-bridge-copy p{color:#929b94;line-height:1.72;max-width:840px}.equity-bridge-numbers{border-left:1px solid var(--line)}.equity-bridge-numbers>div{padding:22px 28px;border-bottom:1px solid var(--line)}.equity-bridge-numbers>div:last-child{border-bottom:0}.equity-bridge-numbers strong{display:block;font-family:Manrope,sans-serif;font-size:24px;margin-top:7px}.equity-bridge-numbers .bridge-total{background:rgba(211,178,105,.065);padding-top:28px;padding-bottom:28px}.equity-bridge-numbers .bridge-total strong{font-size:34px;color:#d6b66b}.equity-bridge-numbers small{display:block;color:#8c958f;margin-top:6px}
.nav-sensitivity .valuation-footnote{margin:0;padding:23px 30px;border-top:1px solid var(--line);font-size:12px;line-height:1.7;color:#7f8881}
.valuation-conclusion{margin:54px 0 0;padding:38px 42px;border:1px solid rgba(211,178,105,.26);background:linear-gradient(145deg,rgba(211,178,105,.06),rgba(255,255,255,.01))}.valuation-conclusion p{max-width:1100px;line-height:1.75;color:#969f98}.valuation-conclusion strong{color:#d8dcd8}
.valuation-sources{margin-top:22px;font-size:11px;color:#6f7871}.valuation-sources a{color:#8d968f;text-decoration:none}.valuation-sources a:hover{color:#d6b66b}
@media(max-width:900px){.valuation-reference{grid-template-columns:1fr 1fr}.valuation-reference>div:nth-child(3){border-left:0;border-top:1px solid var(--line)}.valuation-reference>div:nth-child(4){border-top:1px solid var(--line)}.valuation-scenarios{grid-template-columns:1fr}.equity-bridge{grid-template-columns:1fr}.equity-bridge-numbers{border-left:0;border-top:1px solid var(--line)}}
@media(max-width:680px){.valuation-reference{grid-template-columns:1fr}.valuation-reference>div+div{border-left:0;border-top:1px solid var(--line)}.valuation-method,.valuation-conclusion,.equity-bridge-copy{padding:27px 22px}.valuation-table-wrap,.nav-sensitivity{overflow-x:auto}.valuation-table{min-width:680px}.valuation-table-head{min-width:620px;padding:24px}.valuation-scenarios article{min-height:0;padding:28px 24px}}

/* V107 – valuation width fix */
#bewertung .valuation-method,#bewertung .valuation-table-wrap,#bewertung .equity-bridge,#bewertung .nav-sensitivity,#bewertung .valuation-conclusion{width:100%;max-width:none;box-sizing:border-box}
#bewertung .valuation-table-wrap,#bewertung .nav-sensitivity{overflow-x:auto}
#bewertung .valuation-table{min-width:760px}
@media(min-width:681px){#bewertung .valuation-table{min-width:0}}

/* V108 – explicit developer-stage valuation warning */
.valuation-warning{width:100%;max-width:none;box-sizing:border-box;margin-top:48px;padding:32px 38px;border:1px solid rgba(211,178,105,.34);border-left:3px solid #a88b4f;background:linear-gradient(135deg,rgba(211,178,105,.07),rgba(255,255,255,.012))}
.valuation-warning h3{font-size:clamp(24px,2.4vw,36px);letter-spacing:-.03em;line-height:1.14;margin:10px 0 18px;max-width:1050px}
.valuation-warning p{max-width:1180px;color:#9aa39c;line-height:1.72;margin:12px 0}.valuation-warning strong{color:#d8dcd8}
.nav-model-note{margin-top:14px!important;padding-top:12px;border-top:1px solid rgba(255,255,255,.09);line-height:1.55;color:#b4a477!important}
@media(max-width:680px){.valuation-warning{padding:26px 22px}}

/* V109 – Chancen & Risiken: zentrale Investmentspannung */
.risk-analysis-box,.generational-box{margin-top:28px;padding:34px;border:1px solid rgba(255,255,255,.11);border-radius:24px;background:linear-gradient(145deg,rgba(255,255,255,.045),rgba(255,255,255,.018));}
.risk-analysis-box{border-color:rgba(205,150,87,.28);}
.generational-box{border-color:rgba(210,171,94,.34);background:linear-gradient(145deg,rgba(210,171,94,.07),rgba(255,255,255,.018));}
.risk-analysis-box h3,.generational-box h3{font-size:clamp(1.45rem,2.2vw,2.05rem);line-height:1.15;margin:8px 0 12px;}
.risk-analysis-box>p,.generational-box>p{max-width:980px;}
.risk-analysis-grid{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:14px;margin-top:24px;}
.risk-analysis-grid article{padding:22px;border-radius:18px;background:rgba(0,0,0,.18);border:1px solid rgba(255,255,255,.08);}
.risk-analysis-grid article span{display:block;font-size:.72rem;letter-spacing:.12em;text-transform:uppercase;color:var(--gold,#d2ab5e);margin-bottom:7px;}
.risk-analysis-grid article h4{font-size:1.02rem;margin:0 0 8px;}
.risk-analysis-grid article p{margin:0;color:var(--muted,#a8a8a8);line-height:1.65;}
.risk-valuation-note,.generational-note{margin-top:18px;padding:18px 20px;border-left:3px solid var(--gold,#d2ab5e);background:rgba(210,171,94,.055);border-radius:0 12px 12px 0;}
.generational-points{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:14px;margin:22px 0 0;}
.generational-points div{padding:20px;border-radius:16px;background:rgba(0,0,0,.18);border:1px solid rgba(255,255,255,.08);}
.generational-points strong{display:block;font-size:1rem;margin-bottom:6px;}
.generational-points span{color:var(--muted,#aaa);line-height:1.55;font-size:.92rem;}
.risk-divider{margin:34px 0 10px;padding-top:26px;border-top:1px solid rgba(255,255,255,.09);}
.risk-divider h3{margin:6px 0 0;font-size:1.35rem;}
@media(max-width:760px){.risk-analysis-box,.generational-box{padding:24px 20px}.risk-analysis-grid,.generational-points{grid-template-columns:1fr}}

/* V110 – Fazit, disclosure & legal footer */
.early-position-note{max-width:1120px;margin:18px auto 0;padding:10px 14px;border-left:2px solid rgba(255,255,255,.22);color:var(--muted,#929b94);font-size:.82rem;line-height:1.5;box-sizing:border-box}.early-position-note strong{color:var(--text,#e7e7df)}
.position-disclosure{max-width:1120px;margin:64px auto 34px;padding:26px 30px;border:1px solid var(--line);background:rgba(255,255,255,.018);line-height:1.72;font-size:13px;color:#9ca59e;box-sizing:border-box}
.vizsla-conclusion{padding:110px max(5vw,32px) 90px;border-top:1px solid var(--line);background:radial-gradient(circle at 18% 20%,rgba(211,178,105,.045),transparent 30%),var(--bg)}
.vizsla-conclusion>.section-kicker{max-width:1500px;margin:0 auto 64px}.conclusion-hero-grid{max-width:1500px;margin:0 auto;display:grid;grid-template-columns:minmax(0,.92fr) minmax(0,1.08fr);gap:clamp(50px,8vw,140px);align-items:start}.conclusion-hero-grid h2{font-family:Manrope,sans-serif;font-size:clamp(52px,6.4vw,104px);line-height:.94;letter-spacing:-.065em;margin:18px 0 0}.conclusion-hero-grid h2 em{font-style:normal;color:#d6b66b}.conclusion-intro{padding-top:18px}.conclusion-intro p{max-width:760px;color:#979f99;line-height:1.76}.conclusion-intro .large-copy{font-size:clamp(19px,1.55vw,26px);color:#c7ccc8;line-height:1.55;margin-top:0}
.conclusion-steps{max-width:1500px;margin:78px auto 0;display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:1px;background:var(--line);border:1px solid var(--line)}.conclusion-steps article{background:#0b100d;padding:38px 40px;min-height:280px}.conclusion-steps article>span{display:block;font-size:10px;letter-spacing:.16em;text-transform:uppercase;color:#a98e52;margin-bottom:24px}.conclusion-steps h3{font-size:clamp(24px,2vw,34px);line-height:1.14;letter-spacing:-.035em;margin:0 0 18px}.conclusion-steps p{color:#8f9891;line-height:1.72;margin:0;max-width:650px}.conclusion-steps .is-risk{grid-column:1/-1;background:linear-gradient(125deg,rgba(166,111,70,.07),#0b100d 55%);border-top:1px solid rgba(205,150,87,.18)}.conclusion-steps .is-risk h3{max-width:900px}.conclusion-steps .is-risk p{max-width:1040px}
.conclusion-verdict-vizsla{max-width:1500px;margin:52px auto 0;padding:42px 46px;border:1px solid rgba(211,178,105,.28);border-left:3px solid #b39350;background:linear-gradient(135deg,rgba(211,178,105,.065),rgba(255,255,255,.012))}.conclusion-verdict-vizsla h3{font-size:clamp(30px,3vw,48px);letter-spacing:-.04em;line-height:1.08;margin:12px 0 20px}.conclusion-verdict-vizsla p{max-width:1180px;color:#9da59f;line-height:1.78;margin:0}.conclusion-verdict-vizsla strong{color:#d8dcd8}.conclusion-back{display:inline-flex;margin:34px max(calc((100% - 1500px)/2),0px) 0}
@media(max-width:900px){.conclusion-hero-grid{grid-template-columns:1fr;gap:30px}.conclusion-steps{grid-template-columns:1fr}.conclusion-steps .is-risk{grid-column:auto}}
@media(max-width:680px){.early-position-note{margin-left:24px;margin-right:24px}.position-disclosure{margin:48px 24px 28px;padding:22px 20px}.vizsla-conclusion{padding:82px 24px 68px}.vizsla-conclusion>.section-kicker{margin-bottom:42px}.conclusion-steps{margin-top:52px}.conclusion-steps article{padding:30px 24px;min-height:0}.conclusion-verdict-vizsla{padding:30px 24px}.conclusion-back{margin-left:0}}

/* V111 – conclusion layout polish: prevent oversized headline from overlapping copy */
.conclusion-hero-grid{
  grid-template-columns:minmax(0,.95fr) minmax(0,1.05fr);
  gap:clamp(64px,6vw,110px);
}
.conclusion-hero-grid > div{min-width:0}
.conclusion-hero-grid h2{
  font-size:clamp(48px,4vw,76px);
  line-height:.98;
  letter-spacing:-.058em;
  max-width:700px;
}
.conclusion-intro{
  padding-top:28px;
  max-width:760px;
}
@media(max-width:1100px){
  .conclusion-hero-grid{grid-template-columns:1fr;gap:34px}
  .conclusion-hero-grid h2{font-size:clamp(48px,7vw,76px);max-width:900px}
  .conclusion-intro{padding-top:0;max-width:900px}
}
@media(max-width:680px){
  .conclusion-hero-grid h2{font-size:clamp(42px,12vw,58px);letter-spacing:-.05em}
}

/* V112 – company history / development timeline */
.history-section{background:linear-gradient(180deg,rgba(255,255,255,.012),transparent 70%)}
.history-intro{margin-bottom:58px}
.history-timeline{display:grid;grid-template-columns:repeat(6,minmax(0,1fr));max-width:1500px;margin:0 auto;border:1px solid var(--line);background:var(--line);gap:1px}
.history-timeline article{position:relative;background:#0b100d;padding:30px 25px 32px;min-height:220px}
.history-timeline article span{display:block;font-family:Manrope,sans-serif;font-size:13px;font-weight:700;letter-spacing:.08em;color:#d6b66b;margin-bottom:28px}
.history-timeline article strong{display:block;font-family:Manrope,sans-serif;font-size:19px;letter-spacing:-.025em;margin-bottom:12px;color:#d8dcd8}
.history-timeline article p{margin:0;color:#89928b;font-size:13px;line-height:1.65}
.history-timeline article:not(:last-child)::after{content:"";position:absolute;right:-5px;top:35px;width:9px;height:9px;border-radius:50%;background:#b99b58;z-index:2;box-shadow:0 0 0 5px #0b100d}
.history-takeaway{max-width:1500px;margin:28px auto 0;padding:27px 30px;border-left:3px solid #a98e52;background:rgba(211,178,105,.045)}
.history-takeaway p{margin:9px 0 0;max-width:1180px;color:#959e97;line-height:1.75}.history-takeaway strong{color:#d4d8d4}
@media(max-width:1100px){.history-timeline{grid-template-columns:repeat(3,minmax(0,1fr))}.history-timeline article:not(:last-child)::after{display:none}}
@media(max-width:680px){.history-timeline{grid-template-columns:1fr}.history-timeline article{min-height:0;padding:26px 23px}.history-timeline article span{margin-bottom:14px}.history-takeaway{padding:24px 22px}}

/* v113 red-team refinements */
.stress-case{margin:28px 0;padding:28px 30px;border:1px solid rgba(196,154,74,.28);background:rgba(196,154,74,.055);border-radius:18px}.stress-case h3{margin:.45rem 0 1rem}.stress-case p{max-width:1050px}.security-context{margin-top:18px;padding:18px 20px;border-left:3px solid rgba(196,154,74,.75);background:rgba(255,255,255,.035)}
@media(max-width:700px){.stress-case{padding:22px 20px}}

.valuation-scenarios article.is-stress{background:linear-gradient(145deg,rgba(150,85,65,.08),rgba(255,255,255,.01))}


/* V115 – valuation layout cleanup */
#bewertung .valuation-reference{grid-template-columns:repeat(5,minmax(0,1fr));}
#bewertung .equity-bridge{grid-template-columns:minmax(0,1.55fr) minmax(310px,.65fr);}
#bewertung .equity-bridge-copy{padding:42px 46px;}
#bewertung .equity-bridge-copy p{max-width:920px;}
#bewertung .valuation-conclusion{display:grid;grid-template-columns:minmax(300px,.72fr) minmax(0,1.28fr);column-gap:70px;align-items:start;padding:42px 46px;}
#bewertung .valuation-conclusion .insight-label,#bewertung .valuation-conclusion h3{grid-column:1;}
#bewertung .valuation-conclusion p{grid-column:2;margin-top:0;max-width:850px;}
#bewertung .valuation-conclusion p + p{margin-top:18px;}
@media(max-width:1100px){#bewertung .valuation-reference{grid-template-columns:repeat(3,1fr)}#bewertung .valuation-reference>div{border-top:1px solid var(--line)}#bewertung .valuation-reference>div:nth-child(-n+3){border-top:0}#bewertung .equity-bridge{grid-template-columns:1fr}#bewertung .equity-bridge-numbers{border-left:0;border-top:1px solid var(--line)}#bewertung .valuation-conclusion{grid-template-columns:1fr;row-gap:10px}#bewertung .valuation-conclusion .insight-label,#bewertung .valuation-conclusion h3,#bewertung .valuation-conclusion p{grid-column:1;max-width:1000px}}
@media(max-width:680px){#bewertung .valuation-reference{grid-template-columns:1fr}#bewertung .valuation-reference>div{border-left:0!important;border-top:1px solid var(--line)!important}#bewertung .valuation-reference>div:first-child{border-top:0!important}#bewertung .valuation-conclusion{padding:28px 23px}}

/* V116 – final red-team polish: market info, AgEq note, concise upside */
.company-market-note{
  max-width:1120px;
  margin:10px auto 0;
  padding:0 0 2px;
  font-size:11px;
  line-height:1.6;
  color:#747e77;
  letter-spacing:.01em;
}
.company-market-note strong{color:#9ea69f;font-weight:600}
.metric-definition-note{
  max-width:1120px;
  margin:8px auto 0;
  padding:10px 14px;
  border-left:1px solid rgba(210,179,106,.45);
  background:rgba(255,255,255,.018);
  color:#747e77;
  font-size:10px;
  line-height:1.55;
}
.metric-definition-note strong{
  color:#9ea69f;
  font-weight:600;
}

.hero-numbers small sup{font-size:7px;vertical-align:super;margin-left:2px;color:#9f8956}
#risiken a[href="#exploration"]{color:#d2b36a;text-decoration:none;border-bottom:1px solid rgba(210,179,106,.35)}
#risiken a[href="#exploration"]:hover{border-bottom-color:#d2b36a}
@media(max-width:1540px){
  .company-market-note,.early-position-note,.metric-definition-note{margin-left:32px;margin-right:32px}
}
@media(max-width:680px){
  .company-market-note,.early-position-note,.metric-definition-note{margin-left:20px;margin-right:20px}
}


/* V121 – Wide-screen editorial grid: one shared horizontal axis */
@media (min-width:1051px){
  .deep-hero-inner,
  .research-section,
  .deep-conclusion{
    width:min(1600px,calc(100% - 80px));
    max-width:1600px;
    margin-left:auto;
    margin-right:auto;
    padding-left:5px;
    padding-right:5px;
  }
  .history-timeline,
  .history-takeaway{
    max-width:1600px;
  }
  .vizsla-conclusion > .section-kicker,
  .conclusion-hero-grid,
  .conclusion-steps,
  .conclusion-verdict-vizsla{
    width:100%;
    max-width:1600px;
  }
  .company-market-note,
  .metric-definition-note{
    max-width:1120px;
  }
}

/* V122 – true ultra-wide alignment: keep editorial sections on one shared left/right axis */
@media (min-width:2400px){
  .deep-hero-inner,
  .research-section,
  .deep-conclusion{
    width:86vw;
    max-width:2600px;
    margin-left:auto;
    margin-right:auto;
    padding-left:5px;
    padding-right:5px;
  }
  .vizsla-conclusion{padding-left:7vw;padding-right:7vw;}
  .vizsla-conclusion > .section-kicker,
  .conclusion-hero-grid,
  .conclusion-steps,
  .conclusion-verdict-vizsla,
  .history-timeline,
  .history-takeaway,
  .company-market-note,
  .metric-definition-note{
    width:86vw;
    max-width:1120px;
    margin-left:auto;
    margin-right:auto;
  }
}





/* v128: Chancen & Risiken – square corners */
#risiken .risk-meaning-panel,
#risiken .risk-meaning-card,
#risiken .generational-panel,
#risiken .generational-card,
.chance-risk-panel,
.chance-risk-card,
.risk-meaning-panel,
.risk-meaning-card,
.generational-panel,
.generational-card{
  border-radius:0 !important;
}


/* v128: Fazit headline – responsive on phones */
@media (max-width: 760px){
  #fazit .conclusion-title,
  #fazit .conclusion-title span,
  #fazit h2,
  .vizsla-conclusion .conclusion-title,
  .vizsla-conclusion h2{
    font-size:clamp(46px, 12.2vw, 72px) !important;
    line-height:.92 !important;
    letter-spacing:-.055em !important;
    max-width:100% !important;
    overflow-wrap:normal !important;
    word-break:normal !important;
  }
  #fazit,
  #fazit .section-inner,
  #fazit .conclusion-grid,
  .vizsla-conclusion,
  .vizsla-conclusion .section-inner{
    max-width:100% !important;
    min-width:0 !important;
  }
}
@media (max-width: 430px){
  #fazit .conclusion-title,
  #fazit .conclusion-title span,
  #fazit h2,
  .vizsla-conclusion .conclusion-title,
  .vizsla-conclusion h2{
    font-size:clamp(43px, 11.6vw, 54px) !important;
    letter-spacing:-.06em !important;
  }
}


/* v129: exact mobile fixes */

/* Chancen & Risiken: remove rounding from the actual outer panels and all nested boxes */
#risiken .risk-event-box,
#risiken .risk-meaning,
#risiken .risk-meaning-panel,
#risiken .risk-meaning-grid,
#risiken .risk-meaning-card,
#risiken .generational-box,
#risiken .generational-panel,
#risiken .generational-card,
#risiken [class*="risk-"],
#risiken [class*="generational"],
#risiken [class*="chance-"]{
  border-radius:0 !important;
}
#risiken .risk-event-box::before,
#risiken .risk-event-box::after,
#risiken .risk-meaning::before,
#risiken .risk-meaning::after,
#risiken .generational-box::before,
#risiken .generational-box::after,
#risiken .generational-panel::before,
#risiken .generational-panel::after{
  border-radius:0 !important;
}

/* Fazit: one more step smaller on phones */
@media (max-width:760px){
  #fazit .conclusion-hero-grid h2{
    font-size:clamp(40px,10.6vw,50px) !important;
    line-height:.94 !important;
    letter-spacing:-.055em !important;
  }
}
@media (max-width:430px){
  #fazit .conclusion-hero-grid h2{
    font-size:clamp(38px,10.2vw,46px) !important;
  }
}

/* Gap-to-standard alignment · A–E framework and B2Gold-style NAV table */
.mw-method-box-rich{margin:0 0 36px;border:1px solid rgba(255,255,255,.11);padding:0;overflow:hidden;background:rgba(255,255,255,.008)}
.mw-method-header{padding:28px 30px 20px}.mw-method-header p{margin:8px 0 0;max-width:850px;color:#b5bcb7;font-size:.92rem;line-height:1.6}
.mw-method-cards{display:grid;grid-template-columns:repeat(5,minmax(0,1fr));gap:16px;padding:16px;border-top:1px solid rgba(255,255,255,.08);border-bottom:1px solid rgba(255,255,255,.08);background:transparent}
.mw-method-card{min-width:0;display:flex;flex-direction:column;border:2px solid rgba(213,182,109,.62);border-radius:5px;overflow:hidden;background:rgba(255,255,255,.007);box-shadow:0 0 0 1px rgba(255,255,255,.018) inset}
.mw-method-top{padding:22px 22px 20px;flex:1}.mw-letter{display:block;color:#d5b66d;font-size:1.18rem;line-height:1;margin-bottom:10px}.mw-icon{width:54px;height:54px;color:#d5b66d;display:block;margin:6px 0 18px}
.mw-method-card h3{margin:0 0 10px;font-size:1rem;line-height:1.32}.mw-method-card p{margin:0;font-size:.82rem;line-height:1.62;color:#aeb6b0}
.mw-method-value{padding:18px 22px 20px;border-top:1px solid rgba(255,255,255,.16);text-align:center;min-height:108px}.mw-method-value span{display:block;text-transform:uppercase;letter-spacing:.09em;font-size:.62rem;color:#8e9690;margin-bottom:6px}.mw-method-value strong{display:block;color:#d5b66d;font-family:Manrope,DM Sans,sans-serif;font-size:clamp(1.15rem,1.65vw,1.55rem);line-height:1.15}.mw-method-value small{display:block;margin-top:5px;color:#d4d8d5;font-size:.74rem}
.mw-method-note{margin:18px 24px 0;padding:18px 20px;border:1px solid rgba(213,182,109,.45);background:rgba(213,182,109,.025);display:grid;grid-template-columns:auto 1fr;gap:10px;align-items:start}.mw-method-note strong{color:#d5b66d}.mw-method-note p{margin:0;color:#b9c0bb;font-size:.82rem;line-height:1.62}
.mw-method-transparency{margin:14px 24px 24px;padding:14px 18px;border:1px solid rgba(255,255,255,.09);display:grid;grid-template-columns:30px 1fr;gap:12px;align-items:center}.mw-method-transparency svg{width:26px;height:26px;color:#d5b66d}.mw-method-transparency p{margin:0;color:#aeb6b0;font-size:.8rem;line-height:1.55}.mw-method-transparency strong{color:#d5b66d}
.management-box{margin-top:42px;padding:34px;border:1px solid var(--line);background:rgba(255,255,255,.012)}.management-box h3{margin-top:8px}.management-box strong{color:#d6b66b}.vizsla-ae-box .ae-exception{margin-top:16px;padding-top:16px;border-top:1px solid var(--line);color:#8f9991;font-size:12px;line-height:1.72}
.table-scroll-hint{display:none}.valuation-table.valuation-simple{margin-top:18px;border:1px solid var(--line);overflow-x:auto}.valuation-simple .valuation-row{display:grid;grid-template-columns:2fr repeat(3,minmax(125px,1fr));min-width:650px;border-bottom:1px solid var(--line)}.valuation-simple .valuation-row:last-child{border-bottom:0}.valuation-simple .valuation-row>*{padding:15px 14px;border-right:1px solid var(--line);font-size:11px;color:#929c95}.valuation-simple .valuation-row>*:last-child{border-right:0}.valuation-simple .valuation-row strong{color:#d6b66b;font-weight:600}.valuation-simple .valuation-row strong small{display:block;margin-top:4px;color:#737d76;font-size:9px;font-weight:400;line-height:1.45}.valuation-simple .valuation-row span{text-align:right;font-variant-numeric:tabular-nums}.valuation-simple .valuation-head>*{color:#d0d5d1;font-size:9px;text-transform:uppercase;letter-spacing:.08em;background:rgba(255,255,255,.018)}.valuation-simple .valuation-head span{color:#b9c2bb;font-weight:600}.valuation-simple .valuation-head small{display:block;margin-top:4px;color:#737d76;font-size:9px;font-weight:400;letter-spacing:0;text-transform:none}.valuation-simple .valuation-subtotal>*{background:#111914;color:#d6b66b}.valuation-simple .valuation-total>*{background:#151d18;color:#f0d28b;font-size:13px;font-weight:700}
@media(max-width:1200px){.mw-method-cards{grid-template-columns:repeat(2,minmax(0,1fr))}.mw-method-card:last-child{grid-column:1/-1}}
@media(max-width:900px){.table-scroll-hint{display:block;color:#768078;font-size:.68rem;letter-spacing:.06em;text-transform:uppercase;margin:.35rem 0 .65rem}}
@media(max-width:700px){.mw-method-header{padding:22px 18px 16px}.mw-method-cards{grid-template-columns:1fr;gap:12px;padding:12px}.mw-method-card,.mw-method-card:last-child{grid-column:auto}.mw-method-top{padding:20px 18px 16px}.mw-icon{width:46px;height:46px;margin-bottom:14px}.mw-method-card h3{font-size:1.02rem}.mw-method-card p{font-size:.84rem}.mw-method-value{min-height:auto;display:grid;grid-template-columns:auto 1fr auto;align-items:center;gap:10px;text-align:left;padding:14px 18px 16px}.mw-method-value span{margin:0}.mw-method-value strong{font-size:1.15rem;text-align:center}.mw-method-value small{margin:0;text-align:right}.mw-method-note{margin:16px 14px 0;grid-template-columns:1fr;gap:6px;padding:16px}.mw-method-transparency{margin:12px 14px 16px;grid-template-columns:24px 1fr;padding:14px}.management-box{padding:26px 22px}}

/* Final mobile audit fixes: keep the simple NAV table scroll local, never page-wide. */
#bewertung .valuation-table.valuation-simple{min-width:0;max-width:100%;box-sizing:border-box}
@media(max-width:680px){
  #bewertung .valuation-table.valuation-simple{width:100%;min-width:0;max-width:100%;overflow-x:auto;-webkit-overflow-scrolling:touch}
  #bewertung .valuation-table.valuation-simple .valuation-row{min-width:650px}
  .research-section h2,.research-section h3,.section-title,.section-heading{max-width:100%;overflow-wrap:anywhere;word-break:normal}
  .main-nav a{max-width:100%;overflow-wrap:anywhere}
}


/* What matters now — conclusion milestone monitor */
.what-matters-now{margin:34px 0 30px;border:1px solid rgba(213,182,109,.28);background:linear-gradient(180deg,rgba(213,182,109,.025),rgba(255,255,255,.006));}
.what-matters-head{padding:28px 32px 24px;border-bottom:1px solid rgba(255,255,255,.09);}
.what-matters-head h3{margin:10px 0 0;max-width:760px;font-size:clamp(1.35rem,2vw,1.8rem);line-height:1.2;}
.what-matters-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));}
.what-matters-item{position:relative;min-width:0;padding:30px 32px 34px;}
.what-matters-item + .what-matters-item{border-left:1px solid rgba(255,255,255,.09);}
.what-matters-number{display:block;margin-bottom:28px;color:#d5b66d;font-family:Manrope,sans-serif;font-size:1.05rem;font-weight:700;letter-spacing:.16em;}
.what-matters-kicker{display:block;margin-bottom:8px;color:#d5b66d;font-size:.72rem;font-weight:700;letter-spacing:.14em;text-transform:uppercase;}
.what-matters-item h4{margin:0 0 14px;font-size:1.15rem;line-height:1.35;}
.what-matters-item p{margin:0;color:rgba(232,229,220,.68);font-size:.92rem;line-height:1.65;}
@media(max-width:760px){.what-matters-head{padding:24px 22px 20px}.what-matters-grid{grid-template-columns:1fr}.what-matters-item{padding:24px 22px 28px}.what-matters-item + .what-matters-item{border-left:0;border-top:1px solid rgba(255,255,255,.09)}.what-matters-number{margin-bottom:18px}}

/* 2026-08: probability-weighted Panuco valuation */
.delay-assumptions{display:grid;grid-template-columns:repeat(5,minmax(0,1fr));gap:12px;margin:28px 0}.delay-assumptions>div{border:1px solid rgba(201,164,82,.25);padding:18px;background:rgba(255,255,255,.025)}.delay-assumptions span,.delay-assumptions small{display:block}.delay-assumptions span{font-size:.72rem;text-transform:uppercase;letter-spacing:.08em;opacity:.7}.delay-assumptions strong{display:block;font-size:1.15rem;margin:7px 0}.delay-assumptions small{opacity:.7;line-height:1.45}.scenario-explainer{margin:42px 0 18px}.scenario-explainer h3,.scenario-result h3{margin:.4rem 0 .7rem}.delay-table-wrap{overflow-x:auto;margin:10px 0 30px}.delay-table{width:100%;min-width:820px;border-collapse:collapse}.delay-table th,.delay-table td{padding:15px 14px;border-bottom:1px solid rgba(255,255,255,.1);text-align:left;vertical-align:top}.delay-table th{font-size:.72rem;text-transform:uppercase;letter-spacing:.06em;opacity:.75}.delay-table td:last-child,.delay-table th:last-child{text-align:right;white-space:nowrap}.delay-table .is-base-row{background:rgba(201,164,82,.07)}.delay-table .is-tail-row{background:rgba(255,255,255,.025)}.delay-table .expected-row{border-top:1px solid rgba(201,164,82,.55);background:rgba(201,164,82,.1)}.delay-table .expected-row td{font-size:1.02rem}.matrix-table td:nth-child(n+3),.matrix-table th:nth-child(n+3){text-align:right;white-space:nowrap}.scenario-cards{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:16px;margin:28px 0}.scenario-cards article{border:1px solid rgba(255,255,255,.11);padding:24px;background:rgba(255,255,255,.025)}.scenario-cards article.is-main{border-color:rgba(201,164,82,.45);background:rgba(201,164,82,.06)}.scenario-cards article.is-tail{grid-column:1/-1}.scenario-cards article>span{font-size:.72rem;letter-spacing:.08em;text-transform:uppercase;opacity:.7}.scenario-cards h3{margin:.55rem 0 .75rem}.scenario-cards p{margin:0}.scenario-cards small{display:block;margin-top:12px;opacity:.7;line-height:1.5}.scenario-result{border-left:3px solid #c9a452;padding:22px 26px;margin:32px 0;background:rgba(201,164,82,.055)}
@media(max-width:900px){.delay-assumptions{grid-template-columns:repeat(2,minmax(0,1fr))}.scenario-cards{grid-template-columns:1fr}.scenario-cards article.is-tail{grid-column:auto}}
@media(max-width:560px){.delay-assumptions{grid-template-columns:1fr}.scenario-cards article{padding:19px}.scenario-result{padding:18px 18px}.delay-table th,.delay-table td{padding:12px 10px}}

/* 2026-08-25 – valuation intro + scenario hierarchy */
#bewertung .valuation-method-timing{
  display:grid;
  grid-template-columns:minmax(0,.86fr) minmax(0,1.14fr);
  gap:0;
  padding:0;
  border-left:2px solid #9b7e3f;
  background:linear-gradient(115deg,rgba(211,178,105,.032),rgba(255,255,255,.008));
}
#bewertung .valuation-method-timing .valuation-method-primary,
#bewertung .valuation-method-timing .valuation-method-secondary{
  padding:46px 48px 44px;
}
#bewertung .valuation-method-timing .valuation-method-secondary{
  border-left:1px solid rgba(255,255,255,.10);
  padding-left:54px;
}
#bewertung .valuation-method-timing h3{
  max-width:650px;
  font-size:clamp(34px,3.6vw,56px);
  line-height:1.1;
  margin:16px 0 24px;
}
#bewertung .valuation-method-timing p{max-width:760px}
#bewertung .valuation-method-timing .valuation-method-secondary>p:first-child{
  margin-top:0;
  font-size:15px;
  line-height:1.8;
  color:#adb4af;
}
#bewertung .valuation-method-timing .method-small{max-width:760px}
#bewertung .valuation-method-timing .method-source-link{margin-top:24px}
#bewertung .valuation-method-timing .method-source-link a{color:#d6b66b;text-decoration:none}
#bewertung .valuation-method-timing .method-source-link a:hover{color:#ebca7d}

#bewertung .valuation-scenarios{
  grid-template-columns:minmax(0,.86fr) minmax(0,1.28fr) minmax(0,.86fr);
  gap:14px;
  background:transparent;
  border:0;
  margin-top:48px;
  align-items:stretch;
}
#bewertung .valuation-scenarios article{
  position:relative;
  display:flex;
  flex-direction:column;
  justify-content:flex-start;
  min-height:326px;
  padding:42px 38px 34px;
  border:1px solid rgba(255,255,255,.12);
  background:linear-gradient(145deg,rgba(255,255,255,.026),rgba(255,255,255,.008));
  overflow:hidden;
}
#bewertung .valuation-scenarios article.is-stress{
  background:linear-gradient(145deg,rgba(145,82,61,.065),rgba(255,255,255,.008));
  border-color:rgba(174,104,78,.20);
  opacity:.86;
}
#bewertung .valuation-scenarios article.is-upside{
  background:linear-gradient(145deg,rgba(96,130,72,.045),rgba(255,255,255,.008));
  border-color:rgba(122,154,91,.18);
  opacity:.86;
}
#bewertung .valuation-scenarios article.is-base{
  min-height:350px;
  padding:46px 46px 38px;
  border:1px solid rgba(218,177,79,.78);
  background:radial-gradient(circle at 50% 8%,rgba(225,185,91,.18),transparent 48%),linear-gradient(145deg,rgba(187,143,55,.29),rgba(84,64,24,.28));
  box-shadow:0 0 0 1px rgba(211,178,105,.08),0 18px 55px rgba(0,0,0,.22),0 0 36px rgba(190,143,52,.08);
  transform:translateY(-7px);
  z-index:2;
}
#bewertung .valuation-scenarios>article>span{
  font-size:11px;
  letter-spacing:.16em;
  font-weight:600;
}
#bewertung .valuation-scenarios .is-stress>span{color:#ad735f}
#bewertung .valuation-scenarios .is-base>span{color:#d9b65f}
#bewertung .valuation-scenarios .is-upside>span{color:#829965}
#bewertung .valuation-scenarios h3{font-size:36px;margin:28px 0 20px}
#bewertung .valuation-scenarios .is-base h3{font-size:43px;margin-top:30px}
#bewertung .valuation-scenarios .is-stress h3 em{color:#bd745b}
#bewertung .valuation-scenarios .is-base h3 em{color:#e2bd61}
#bewertung .valuation-scenarios .is-upside h3 em{color:#8aa66a}
#bewertung .valuation-scenarios p{font-size:14px;line-height:1.72;max-width:380px}
#bewertung .valuation-scenarios .is-base p{color:#b4bbb6;font-size:15px;max-width:430px}
#bewertung .valuation-scenarios .scenario-tag{
  display:inline-flex;
  align-items:center;
  align-self:flex-start;
  margin-top:auto;
  padding:9px 14px;
  border-radius:999px;
  font-size:11px;
  letter-spacing:.02em;
  color:#9a8076;
  background:rgba(156,93,69,.11);
}
#bewertung .valuation-scenarios .is-upside .scenario-tag{color:#8ba16f;background:rgba(107,139,76,.11)}
#bewertung .valuation-scenarios .scenario-tag-main{color:#e5c572;background:rgba(211,178,105,.15)}

@media(max-width:1050px){
  #bewertung .valuation-method-timing{grid-template-columns:1fr}
  #bewertung .valuation-method-timing .valuation-method-secondary{border-left:0;border-top:1px solid rgba(255,255,255,.10);padding-left:48px}
  #bewertung .valuation-scenarios{grid-template-columns:1fr 1.12fr 1fr;gap:10px}
  #bewertung .valuation-scenarios article{padding:32px 27px;min-height:300px}
  #bewertung .valuation-scenarios article.is-base{padding:36px 31px;min-height:318px}
  #bewertung .valuation-scenarios h3{font-size:31px}
  #bewertung .valuation-scenarios .is-base h3{font-size:36px}
}
@media(max-width:760px){
  #bewertung .valuation-method-timing .valuation-method-primary,
  #bewertung .valuation-method-timing .valuation-method-secondary{padding:30px 23px}
  #bewertung .valuation-method-timing h3{font-size:clamp(30px,10vw,42px)}
  #bewertung .valuation-scenarios{grid-template-columns:1fr;gap:12px}
  #bewertung .valuation-scenarios article,
  #bewertung .valuation-scenarios article.is-base{min-height:0;transform:none;padding:30px 24px;opacity:1}
  #bewertung .valuation-scenarios .is-base{order:-1}
  #bewertung .valuation-scenarios h3,
  #bewertung .valuation-scenarios .is-base h3{font-size:32px;margin:22px 0 16px}
  #bewertung .valuation-scenarios .scenario-tag{margin-top:24px}
}


/* 2026-08-25 – equity bridge: three expected NAV cases only */
#bewertung .equity-bridge-numbers{
  display:grid;
  grid-template-rows:repeat(3,minmax(0,1fr));
}
#bewertung .equity-bridge-numbers>div{
  display:flex;
  flex-direction:column;
  justify-content:center;
  min-height:0;
  padding:28px 34px;
}
#bewertung .equity-bridge-numbers .bridge-case strong{
  font-size:30px;
  margin-top:10px;
}
#bewertung .equity-bridge-numbers .bridge-case small{
  margin-top:8px;
  font-size:11px;
  letter-spacing:.02em;
}
#bewertung .equity-bridge-numbers .bridge-downside strong{color:#d8dcd8}
#bewertung .equity-bridge-numbers .bridge-downside small{color:#a66f61}
#bewertung .equity-bridge-numbers .bridge-base{background:rgba(211,178,105,.055)}
#bewertung .equity-bridge-numbers .bridge-base span,
#bewertung .equity-bridge-numbers .bridge-base small{color:#bda35f}
#bewertung .equity-bridge-numbers .bridge-base strong{color:#d6b66b;font-size:34px}
#bewertung .equity-bridge-numbers .bridge-upside small{color:#819767}
@media(max-width:1100px){
  #bewertung .equity-bridge-numbers{grid-template-rows:none;grid-template-columns:repeat(3,minmax(0,1fr))}
  #bewertung .equity-bridge-numbers>div{border-bottom:0;border-right:1px solid var(--line)}
  #bewertung .equity-bridge-numbers>div:last-child{border-right:0}
}
@media(max-width:680px){
  #bewertung .equity-bridge-numbers{grid-template-columns:1fr}
  #bewertung .equity-bridge-numbers>div{border-right:0;border-bottom:1px solid var(--line);padding:24px 22px}
  #bewertung .equity-bridge-numbers>div:last-child{border-bottom:0}
}

/* NPV reconciliation bridge */
.npv-reconciliation{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:10px;margin-top:24px}.npv-reconciliation>div{padding:16px 15px;border:1px solid rgba(255,255,255,.10);background:rgba(255,255,255,.025)}.npv-reconciliation>div.is-final{border-color:rgba(202,166,74,.45);background:rgba(202,166,74,.07)}.npv-reconciliation span,.npv-reconciliation small{display:block}.npv-reconciliation span{font-size:.7rem;text-transform:uppercase;letter-spacing:.08em;color:var(--muted,#a9a9a9)}.npv-reconciliation strong{display:block;margin:7px 0 5px;font-size:1.12rem;color:var(--text,#f4f1e8)}.npv-reconciliation .is-final strong{color:var(--gold,#d3ad54)}.npv-reconciliation small{font-size:.72rem;line-height:1.35;color:var(--muted,#a9a9a9)}
@media(max-width:760px){.npv-reconciliation{grid-template-columns:1fr}.npv-reconciliation>div{padding:14px}}