 Hello, everybody. Welcome to February. Welcome back to Invest Your Intel. I'm Peter Clossey, very excited today to catch up on a familiar story that's had brilliant developments recently. Jeff Atkins, welcome back. Peter, thanks for having me on. Well, when I saw your January 28th press release, I absolutely had to talk to you. Now, by way of setup, I'm used to reading press releases that say, our PEA said a billion, but we're going to spend $2 billion, or our feasibility study said we're going to need half a billion. We're going to spend $2 billion. It is rare to see a press release that says, you know, I think we're going to spend less than we expected and produce more. So congratulations to you. Yeah, thanks, Peter. It was really exciting to have that campaign out of the way, and really exciting as well to confirm that the all-sorder, which we've got operating up there, is doing what we hoped it would do and actually performing better than what we could have really expected. Yeah, it's very exciting to read that whole press release. It's just a little bullet points of happiness. So you're shipping to Saskatchewan for processing. So you're supply chain. Your all-sorder is working better than expected, despite a very cold winter. You're redesigning the pit to account for that all-sorder working better. And it's been determined that your ore is red, your waste is white, so you don't have to send your samples to a lab for processing. You just do it all visually. That's exactly correct. So, and that's the real beauty of the North T deposit up there and why we started there is that it really is so simple. So it means that when we are mining, anything which contains ore, which is plainly visible, we're able to send straight through to the all-sorder. And if it doesn't, it goes through to the waste dump. And what that means is the amount of material we're able to actually process through that all-sorder is dramatically increased. So effectively, it means we don't have a cut-off grade, which of course makes a huge difference in terms of the total amount of products that you're able to take out of the pit. Right. Now, when you and I were chatting just before this, you had a jar metaphor. Could you do that again? Sure. So basically the way this work, a typical mining project where everything's really fine, if you see this, you've just got the ore, which is red mixed in with the waste. And it's quite difficult to separate. What we've got up at North T is essentially like a jar of marbles. And it's literally a case of how you separate that. Now, to really explain the impact of what we found with the all-sorder, what it said is that, what it's shown is that the actual grade of the product doesn't impact how easy it is to separate. So it's equivalent of saying, okay, we'll have a lower grade product. But as you can see from these two, it makes no difference in how easy it is to pick out those red balls. Right. And that's fundamentally what's happening up on site at the moment. We can have a very low grade product, which there might only be one percent REO. But it's just as easy to pick out. And that is a huge advantage. And you've gone old school on this, no PEA, no resource estimate, no feasibility study, you know where the ore is, go process it. Exactly. And this really came from the experience that we've built up over the last 15 years in rare earths. So we made the decision that the critical factor for us was getting into operations as quickly as possible. And that enables us to start the qualification process with customers and really set ourselves up to be able to then expand our operations, build those foundations for the business to expand those operations and have that real growth. If we'd gone down that traditional path, that would have delayed us commencing by about two years. And what that means is you delay everything by two years. So with the experience that our team has, we were able to understand the nature of the ore body, understand the processing, very confident in terms of the costs. And that's enabled us to start our operations now. And I think what's been shown and what's really exciting from the announcement, which we put out about the operation of the ore sorter, is those assumptions that we made based on our experience are proving to be correct and in fact are actually proving to be conservative in a lot of these factors. So that should give a lot of confidence as we move forward into our growth phase. And you did a financing over the summer early fall, right? That's correct. So we did a financing which was built on what our estimated capital cost is in Saskatoon and to ensure we had enough cash to fund the construction of that and commence operations. And you have the cash on hand to do that now. So we've currently got 18 million in cash in the bank or as of 30 December. Wonderful. Regis VML on the ASX, one of the best rare earth stories out there. There are a lot of iffy rare earth stories out there. Yours is fantastic. It's been a pleasure to watch. Thanks, Peter. Really appreciate the time and effort and giving me the platform here to speak. Next time you're in town, let me know. We'll meet out at the airport. Absolutely. The ML on the ASX, Jeff Atkins. I'm Peter Clossey, signing off from Investor Intel.