 Today, we welcome back a recurring guest at Investor Intel, John Lee from Prophecy Development. Hi, John. Hi, Pierre. Good to be back. Last time we chatted, I think, was in December. Around that time frame, three, four months ago, yes. A lot has happened to the project since. Now, first, we should remind our viewers, it's a Vanadium project. You have three of them, but we're really talking about one of them. It's in the lovely, mining-friendly state of Nevada, and it has some advanced permitting on it from prior owners. That's correct, Peter. Tell us, what's the project called? The project's name is Jibalini. It's located just about 20 miles south of Eureka in the southern Battle Mountain region, in northeastern Nevada. Right. So, you have Battle Mountain, Florida Canyon, Mill City is that way. Well, it's close to everywhere, but not too close to nowhere. I mean, it's a four, five-hour drive from Vegas, three-hour drive from Reno, and five-hour drive from Salt Lake City. And I've just recently made a trip there, I've traveled from all those three different locations, getting to the property. So what's happening at the project now? Well, I think, Peter, when we last talked, the project really has four competitive differentiators. The project is ideally located according to the Fraser Institute, one of the best places to do mining investments in North America. That hasn't changed. Nevada is still a great jurisdiction. Yes. The price of an agent has gone up 40% since January. Any addition to that, thanks to Donald Trump's tax policy, the corporate tax rate has dropped from 35% to 21%. The project had a feasibility study that was prepared by this previous operator, and of which we'd expect to announce a revision. And the numbers so far are looks very, very promising. I mean, you have lower tax rate and higher metal prices, and both very well for the project going forward. Good. And not to mention, I think the other thing is on the permitting, the previous operator also did extensive baseline studies, Nevada, even though it's mining friendly, but the permitting aspect is not for the thing-hearted. And we had a huge leg up in that the baseline studies and plan of operation has been submitted and deemed accepted by the Bureau of Planning and Management, and I was just in Nevada, we sat down with these guys, they're very eager to advance this project forward. In fact, the state of Nevada, PDAC Conference in Toronto just a week ago, had a Givolini project front and center on the first page of their brochure. So we felt like the permitting side is also making some good advances, as well as the feasibility study which we're looking for to publish a revision very soon, within the next three days. You had some pretty good news come out today. It's the kind of news that some people will overlook and fail to understand why it's so important. Tell us about that. Yeah, you know, even though there's a little doldrum in the metals market, we generated a good volume. This morning we announced the news of a technical partnership with a company called NWME, Northwest Nonferrous Mining Company. They're one of the largest mining companies in China. They're state-owned. They're the third largest zinc and lead producer in China. They also are the owner and operating China's largest black-shell vanadium mine. Actually, it's the world's largest. The deposit is very similar to Givolini's, and there are very few black-shell deposits out there that are undergoing what we call the hydro metallurgical process instead of the pyro metallurgical process. The difference being the hydromete process, we are dissolving the metals in sulfuric acid, which then we can precipitate and extract, whereas the pyro techniques requires permitting of a furnace and it's a very large copper footprint and very energy-intensive. So we're very, very fortunate to have a partner with this very well-endowed group of Chinese, this company, both are good in technology and as well as very well their good financial capabilities. So it couldn't be more pleased. Was there an offtake of any kind involved? Well, at this stage, what they really specialize in is extraction of vanadium. There's a lot of vanadians out there all over the world. It's one of the most abundant metals in the world, just like lithium. But the extraction of vanadium is scientific and unfortunately, there's not a North American mine, a vanadium primary mine today. And that's why we went over to China and looked for the best. And they came away mighty impressed. The offtake, Peter, we don't see it as an issue, as I mentioned earlier to you. Vanadium is actually the best performing electric metals in the last 18 months. It was the best performing metal in 2017, went up 160%. And so far, the first three months has registered a 40% gain. We have people that are co-calling us, Peter. They're literally looking, googling vanadium and found prophecy and an offtake. And in our conversation with the Chinese... That's a great position to be in. That's a great position. We're discussing with the Chinese. I mean, there are literally people calling from all over the world trying to secure a year-long contract. And the fact, Peter, that the European rather than vanadium prices trading on the premium to the Chinese vanadium price says something about the lack of global inventory. Because typically, because vanadium is producing majority in China, the closer you are to the production center, the prices should be lower. Right. And for what you have now, well, it's a very delicate situation where the vanadium price... We'll come back to that next time. Yes. We'll come back to that one. What is vanadium products like trading for right now? Vanadium trading at $14 a pound. Up from... It was $4 in 2017 low and was $2.50 in 2016. So it's up 500%. But historically speaking, it's still at a 50% pile. His vanadium in 2005 and 2009 has gone up to over $20 a pound. So there's still a lot of upside. So the next thing we should be looking for then is the updated resource estimate. Yes. I think there are three areas of which the company is focusing on and potentially catalysts to value creation and the price appreciation of the company. First of all is an independent economic assessment. We did announce a resource estimate in November. There's about close to 200 million pounds of vanadium as you indicated in the category. But in April, we're going to put some solid economic numbers on net present value and internal root return numbers on them. And just based on looking at the previous numbers, a previous feasibility study conducted in 2011 at $11 per pound of vanadium, the numbers are very promising and now vanadium is $14. So we would expect quite robust numbers coming out in April. And secondly, we're due to also announce filing of the first permits, first set of permit applications. So we're testing out the previous permit applications and make some revisions and then we're going to be one of the very few vanadiums. Well, I think we're the only vanadium junior that's in North America that has filed a permitting application. So that is a great strike for tours, getting the smite fully permitted. And third but not least is our Chinese partner is spent five days at the site, taking a lot of samples. They're testing with all facilities and looking at optimizing the engineering aspect of the project and the metallurgy of the project validate. I think we're going to have some sort of news coming from the Chinese labs, validating a lot of feasibility work, a lot of the metallurgical work that several years ago. I think that validation will pay the self towards designing the engineering and the procurement and constructions necessary. This is next step, going in parallel with the permitting. Those infrastructure issues are important. If you look at Damasco, Lithium, when it got a building from the government of Quebec, it saved roughly $13 million just on infrastructure. So that infrastructure is important. Well, here we are four kilometers from the river and five kilometers from power and there's a road right through to it. Our infrastructure cost is absolutely minimal. Good. And it is one of the best I've said. I think the property three times now in the past four months, I couldn't ask for a better place to conduct mining business. And recently, Peter, I think last but not least, we brought on a great management team since we last talked. Last week we talked a bit of skeleton because we had just required the project less than six months ago when I talked to you. And we brought on a VP of operation who is a barrack veteran, a chief metallurgist for 40 years. And again, rock solid guy with patents in Canadian recovery. We also brought on a permanent consultant with 40 years of experience in permitting environmental impact statements in Western United States and worked for Barrack King Ross Neumann. And we brought on a big exploration with 17 years of experience working for Falcon Bridge and INCO. We now have run it up excellent team going forward. And we are going very aggressive on both permitting and revision of the economic studies. And then they're working with the Chinese. We are making concrete steps towards construction details, detail engineering, processing. Great. So let's check in again in about three months. We'll see all the permittings going and see how the technical reports are doing. And you know, up here, there's not a lot of falling vanadium, but it's one in a liter metal. I don't think investors can ignore this any longer. It's outperformed all the metals out there. We're well-performed. Well, we outperformed lithium, we outperformed cobalt. I think no matter, it's only in our time, our sleeping giant wakes up. Peter. Well, that's a great way to end this. I thank you for your time today.