 Welcome back to day three of the world-famous mining show in Toronto, Ontario. Today we're with Greg Andrews of Search Minerals. I haven't caught up with you probably for about a year now since we did this last year. A lot has happened with search since then. Yeah, a lot has happened with search. Recently we announced our Deep Fox resource. That's your second resource? That's now our second resource in our 70 kilometer belt and what that's done, why we wanted to drill that property and get the resource out and mind you, we only drilled down to a hundred meters and obtained a resource. Not enough for our big PA that we want to do. We'll do a drill program. We did this wrong. What's the metal you're chasing or metals? What's your resource? So our resource, we're a rare earth company and so we're exploring for the rare earths and our rare earths are the key elements for the permanent magnet industry, the EV market, which is an upward trending market that we're getting involved in. So that's the neodymium, praziodymium, disposium, terbium. 59 and 60 on the periodic table. And the average electric car needs about a kilogram of those rare metals. Yeah, and so with those metals is we're looking to, for us to produce them, we still need a secure supply chain in North America and that's what some government initiatives are to position us in that because if we build them and there's no supply chain, the product is going to go back to China. And 85% of the rare earths come from China already and we're looking at some supply chain interruptions. So projects like yours are key to Canada's health. We don't want to have to rely on China and the interference from the coronavirus to producing the products we need. Absolutely. And more importantly, the supply chain, you look at the EV market and Canada has a very good EV or auto industry market and as they transition from internal combustion vehicles to EV, those supply chains of the EV market are not here in Canada that need to be established and it starts with the rare earths, but also starts with the demand of getting the OEMs to be interested where they can look down and build the whole supply chain and then say, Oh, at the end of it is a safe, secure supply. And that's what we want to provide. I would bet then that you're looking for an offtake partner. We'll be looking for an offtake partner where we are right now is we're, you know, and within the next two years, we're still doing a lot of work with our two resources that's extended the life of our mind over 25 years. That's a long time. And we've done two successful pilot plants. We've produced our 99% mixed rare earth oxide concentrate. Right. So now we're looking, we're talking to separation companies. There's a normal SX solvent, and there's new technologies, but more importantly, to get to our next level from our pilot plant, we're looking to do a demonstration plan. Right. And that works been done by Dr. Dave Driesinger, right? We're very blessed with Dr. David Driesinger. World famous metallurgy. Yeah. And, and really, it goes back to why are we here? We, we are low cost in the sense that our last PA in 2016 was for 1000 tons per day with a capital cost of 152 $152 million. We've we've always been that we need it to be financeable, regardless of the market, you can't rely on those exorbitant prices that got everybody into the game. And so we've we've we developed a technology that helped reduce those costs by eliminating the typical grinding, flotation, magnetic gravity separation out of the flow sheet, which eliminates process risk, technology risk, time risk, all those sort of things, and also drives down our cost. This technology was invented by David Driesinger, and as patented for us, and it allows us to scale up. So out now that we've added DeepFox, we can we're looking to increase our production rate to about 2000 tons per day. I was good to see innovation and mining. Too often, the industry becomes stagnant. But here we are at PDAC talking to people. What are you hearing this year? There's a lot of collaboration. The Canadian government is really looking to how rare earths Prime Minister Trudeau mentioned rare earths yesterday in his conference, which was nice. And it and it is a key to being in this EV market. Rare earths are one part of it as lithium and cobalt and the others. It's a whole industry to build a supply chain that doesn't threaten the auto industry. That's key that that's that's that they're really looking at. And then just how to build that as you talk about a secure supply. Canada to be in a great jurisdiction, smart people, innovative infrastructure, schools, and you have access to a deep water port, right? Yeah, our property, we're blessed in that we're located on a deep sea port, St. Louis, Newfoundland Labrador. It's in Southeast Labrador. But there's road to the town of St. Louis. There's power. There's a little airport there. Our property is only 13 kilometers from our town of St. Louis. So great infrastructure workforce. There's, there's communities around Mary's Harbor Port Hope Simpson, all in the area. So we we believe that we can get a nice workforce when we're ready. What's the next major step? Or what should we look for out of search as the next big piece of news? Yeah, a couple things. There's there's many things running on parallel. We have, we're continuing our environmental work. We are looking to do our drill program in Deep Fox in June or July to take it down to the 200 meter level, which will expand the resource. And and then we can put our economics onto that. Where Akua and Innovate NL is just are financing us for $50,000 to do two engineering studies, one on what a 2000 tons per day full processing plant would look like. And then a 1 200 scale of our demonstration plan. So we'll have the costing so that we can go get the funding for that demonstration plan. That's our next step to getting done. That's the next major step. That's our next major step that would be built on site in our by our in St. Louis. And that would be great for training, getting ready for training. It's getting ready to provide product to the our next step is the separation. And it puts money into the local economy, which is good to build your your corporate license stop rate. Yeah, we have we have a great relationship with our communities, a great relationship with our indigenous group there, then took of a community council. And, you know, we're looking to work together to bring this project. You know, it's very positive wording when we talk to them. Well, search has been around a while. You've advanced the projects well. And I'm looking forward to the next stage. Yes, thank you, Peter.