 Thanks Tracy, so Don Bubar believe it or not I've been running Avalon as a publicly traded company in this specialty metals and mineral space for over 20 years now actually and have seen quite an evolution in the space from when it first started with our lithium project where these were basically little known, little appreciated and very poorly understood emerging commodities to where we are now or this is becoming quite an important sub-sector of the mineral industry particularly with this whole evolution of the battery industry energy storage technology electric vehicles is creating this whole new demand that we never saw or could perhaps see coming in the distant future 20 years ago but it's definitely upon us now and it's a change to game in some very dramatic ways so I think it's time that this sub-sector of the mineral industry really look at how it wants to brand itself because it is such a different sector the mineral industry we've referred to these as commodities but they're really not commodities in the traditional sense of the term they don't trade on commodity exchanges they're really highly refined chemical products that you need to produce for specific applications in the in the marketplace and so there's a lot of new terminology starting to emerge on this I know an investor Intel has used the technology metals I hear energy metals being used quite a bit now advanced materials clean tech materials that's one that I kind of like but I think we should all think about how we want a brand this industry to really differentiate it from the traditional mining industry which is very very different in terms of the risk factors and so that we don't confuse investors about what those risks in the business are let's face it most traditional mining investors just their commodity price speculators at at the end of the day whereas in this industry it's more about the growth opportunities that these emerging commodities are presenting to investors and so I say now that I'm hearing the blockchain developers and Bitcoin developers adopting the word mining I say they can have it they're the miners now we're going to be clean tech producers clean tech materials producers there's your reminder of forward-looking information so as I said we've been around for over 20 years now and I'm a veteran of this technology metals space and as a result of that we've done many many equity financings over the years so we have some 20 to 25,000 shareholders all over and since the rare earth bubble burst there a few years ago we've seen a big turnover in our shareholder base which has kind of depressed our valuation but on the other hand we do have a very large audience out there to follow us around the world and once we get some traction on one of these projects we're working on and we should be able to really build on that solid base and another thing that differentiates Avalon and in addition to the commodities we focus on over the years is we embrace sustainability as core to our business early on recognizing if you're going to try to produce materials for clean technology makes sense to try to do that in a sustainable clean way embracing the principles and environmental social responsibility we did that we built it into the culture of the company we've been producing a GRI compliance sustainability report for six years now and continue to get recognition for that actually actually just got recognized for the third time by corporate night magazine as one of their future 40 responsible corporate leaders in Canada so in terms of our overall sustainable development strategy what is a sustainable development strategy in this space well we had to find it by focusing on those materials that are relevant to clean technology as kind of number one and then think about how to design that operation to minimize the overall environmental impacts that you're going to have on the environment and start planning even before you started how you're going to make productive use out of that land post closure any money companies don't even think about that till they're getting near the end you really should think about it even before you start to work on that new mineral deposit and then focus on process efficiency how can you process that material to minimize the amount of waste you generate and maximize the amount of valuable material you can extract from that that rock you're taking out of the ground and do it in a way that meets your customers expectations on product quality another thing we're applying is that's different from the traditional mining industry miners always want to make the next mine the biggest they possibly can biggest richest mineral deposit but it doesn't really have to be that way and the traditionally in the mining industry you would start small follow the vein and get bigger over time as as you understood the resource and saw the opportunities actually by applying that sort of stage development approach starting small and building scalability in the project you can actually manage a lot of the risks inherent in the business in terms of environmental impacts and as well as investment risks started a modest scale understand what you're doing build some scalability into it but in something goes wrong at the start in terms of perhaps the chemistry of your discharge water and you can fix it before it causes a huge environmental disaster at the end of the day so I think there's a component of the stage development approach and environmental responsibility as well as managing investment risk by not overbuilding it too quickly and then finding maybe your product is not going to be accepted in the marketplace at the end of the day and lastly if you're working in Canada and anywhere in northern Canada you really have to work with the local indigenous peoples our principle has always been and still is engage early and often and try to find ways to collaborate on opportunities to share in the rewards of the business and create opportunities for partnerships as well as job creation and training so as I said we've been a diversified player in the space for some time that's been really part of our strategy is accumulate a portfolio of assets that give us exposure to a broad range of these technology metals and have ourselves positioned to move a project forward in production when the opportunities created by new technology creating that that demand a few years ago we thought it was going to be rarest and got awfully close with our Nechilacho project right now we've been focusing more on our separation rap is lithium project for obvious reasons but it's interestingly enough we're now seeing opportunities to advance all three of them at the same time because of new circumstances with rare earth and and tin nice problem to have but it's creating quite a bit of work for our team these days so I'd like to give you a little bit of a snapshot on each of these projects and try and do that in the time I have available here so starting off with separation rap is lithium this was our first foray into the wonderful world of these clean tech materials new discovery back in 1996 started working on it in the late nineties initially as a an opportunity to serve the glass industry this was an unusual lithium pegmatite enriched in the mineral petalite not a common lithium mineral but a valued industrial mineral in the glass sector and still is actually and we nearly got it going then except for a change in the marketplace there that frustrated that opportunity that at that time but we've hung on to it knew it would have another day could see that probably a lithium battery would become something bigger even back in the late nineties and sure enough that's what we're seeing now and provided an opportunity reactivated a few years in the meantime we've kept our tenure in place made it more secure and a reminding lease maintained our community relationships there we've got good access and a 10 million ton open pitable resource that's ready to mine when the opportunity arises which perhaps is just arriving now as two minerals in the resource petalite and lipidolite and lipidolite is another opportunity for us we didn't even recognize early on it's now starting to be used more as an input for making lithium battery materials from and in fact we now are talking about collaborating with our good friends at Lepidico I don't know if Joe Walsh is here today but Lepidico are planning to build their phase one demonstration plant for their process to make lithium carbonate from lipidolite and Sudbury and we hope to be their supplier of their initial lipidolite needs for that that plant and that would be an important byproduct for us but petalite is still the dominant mineral in the resource that's creating the opportunity and so we know what I've ever made a battery material from it before so the last couple years that's what we focused on was how do you make a battery material actually innovated our own process to make lithium hydroxide from petalite made and fine products been proven in the NMC cathode chemistry already by the NRC and we know we can do it at low cost we think we can improve on that but that's definitely a path that we can follow here now but it's also got potential as an industrial mineral and glass and we're still looking at that too so we've got a number of options open to us including producing lipidolite as a byproduct for Lepidico and other users of that the glass industry though is is a very interesting opportunity for us nobody's talking about it everybody's talking about lithium batteries but the glass industry is still a very big consumer of lithium and these high strength glass products that are becoming more popular now things like gorilla gorilla glass made by Corning the critical ingredient in all of them is lithium and there is no substitute and what's happening now is there's now struggling to find adequate supplies of lithium and that's kind of open the door again for an emerging producer like us with the ideal form of lithium for the glass applications to serve that market and we've actually done some more work on how to create a product for them that meets their quality requirements and we've come up with something that my colleague Pierre has branded super petalite because it's super clean in its quality and that's really important to the end users and creating a good opportunity for us to serve that market so based on that understanding and having a multiple kind of market opportunities we're going to take the staged approach and what we want to do is start by at a modest scale get in a production produce the industrial minerals products which we think we can do for in the order of 50 million dollars start making money on that and then on the back of that have a pilot plant to prove up our battery material product see where we can fit into that market best in terms of the different forms that are being used now and then have another scale up on the back of that production initial production of the industrial minerals products to serve that industry going forward we think that's the most logical and lowest risk way to get initiated in this lithium business especially considering how dynamic an industry it is as Dan explained earlier with the types of chemistry is being used in batteries changing all the time and inevitably the material inputs as well and quickly this another thing about this resource if you want to be sustainable there's these are great deposits to work on there's nothing poisonous in them that can that represents an issue from for the environment on to tin quickly and this is a slide that was shared by the International Tin Association with its members from a presentation done by Rio Tinto on a study they commissioned at MIT so a very credible source that ranked the metals in terms of their being impacted by new technology and guess what number one on the list was tin who to thunk a out ranks lithium and cobalt in fact and I think this is just a reflection of the fact that tin has a lot of potential in many of these emerging clean technologies and maybe they haven't been fully realized yet but there's a lot of work being done to see how they can contribute in positive ways to many of these technologies and there's huge growth potential there and that's great news for us because we've been working on a tin project for over ten years now looking at trying to redevelop the old East Kentville tin mine which closed in 1992 when the price of tin dropped very dramatically and it's been basically on a closed mine site ever since but lots of resources left in the ground and we see an opportunity there now that we're working on actually redevelop it by taking advantage of the factors a whole block a lot of waste that was left on surface that with using taking advantage of current prices and new technology we can recover a tin concentrate make money while we clean up the site so we've created a whole concept around that six million tons of previously mined ore sitting there oxidizing you see the orange color generating acid mine drainage and creating a problem for the environment that we can clean up make money while we do it so we're going to try to develop a plan around that and it's again a relatively low capex for something like thirty million dollars now we can put this in production in less than a year start making money not a huge amount of money but for a company with no revenue any amount of money is welcome and get ourselves into small scale production with the potential to scale it up by going forward and clean up the acid mine drainage issue there and if I can get two more minutes Tracy I'll just touch on first well it's used now as in solders for electronics so it's in every electronic product now on the circuit board for the solders so it has those conductive properties that give it application in a broader range of things now and it's being talked about in some new types of lithium ion battery cathode chemistries it's already being used in renewable energies and solar panels indium tin oxide is as part of that chemistry and there's a whole bunch more that we're just learning about ourselves actually there on the on the radar screen yeah so TIN is a fascinating opportunity if I have two more minutes just touch on on Thorlake and Nechilacho that was our rare earth project we had to put it on hold about four years ago when the rare earth bubble burst and all the interest evaporated and with the mollycore fiasco in the in the US investors have just lost interest in rare earth totally in fact it's almost like rare earth or a dirty word with investors south of the border now they don't even want to hear about a little investment but as you heard earlier yesterday from from Gavin and Nick rare earths are coming back has no doubt about it they're vital in electric vehicle technology now to as you heard them talk about and so there's a couple of opportunities or reasons now for us to look at reactivating Nechilacho not interested in rare earths as one but also Northwest Territories is looking at alternatives on improving infrastructure there one of the things they're focusing on is is how they can bring clean energy to the north the north side of the lake here around Yellow Knife that does not have enough access to hydro power to service needs so they're relying on fossil fuels and there's a plan now to bring hydro power from this dam north north of the lake and the route they're looking at would bring it right by us at Thorlake here and give us access to hydro power greatly reduce our energy costs and actually we're perhaps part of the justification for that route of being a potential customer for the product and they're also talking about extending this road out to the shore here to a long less transmission line which provide access to this new proposed park out here in the community of Lucille case so we might actually be able to take advantage of this and with much improved infrastructure and then of course we've heard yesterday about how there's a soaring demand for neodymium-praziodymium with electric motors and electric vehicles requiring this now and while we looked at a model based mostly on the heavy rare earth potential at Natchalacho there are some discrete zones there that are very very rich in neodymium- praziodymium that we think we have an opportunity on plus there's a whole lot of lithium there that we haven't even really begin to look at including Lepidolite that'll make Joe Walsh happy there at Lepidico so what are we doing is we're going now to sort of take advantage of this this year start studying the possibilities but again looking at a small scale development model see if we can take advantage of these small very rich resources easy to access and get in production in the near term and bring a supply of neodymium- praziodymium concentrates to serve this rapidly growing market electric vehicles and maybe I'll leave it there thanks for giving me some extra time