Yes, it is indeed freshly waxed. The chain was making an enormous amount of noise though when it was cleaned to just metal.
I'm curious the measurement of the headset bearing cover? Looks like 15mm. I've got a few setups cooking on a bike-stats.de geometry table that I'm trying to work out..
considering Speeder R49D / TanTan X38 / SPcycle R065 at this point.