 Let's go over to IMM is the Fred Ernest. Fred folks is the president and CEO of Vistagold. Vistagold is a well-funded gold developer. The biggest project is in Australia. I do happen to own Vistagold, have been into it for quite some time. Fred Ernest, welcome back to TFNN. Tom, it's good to be back. Thanks for having me. Absolutely. So needless to say, we're in a different age now. Everyone's staying safe. Lot of volatility inside the market. So tell us what's been going on with Vistagold and Mount Todd Gold project in particular? Well, Tom, things at Mount Todd continue to move forward. We've stated all along that our objectives are to efficiently optimize the project. We're to a point where we think we're a few months away from receiving our last major permit, which will be the mine operating permit, or as it's known there, the mine management plan. And that will be a tremendous milestone for us. That's for sure, man. I mean, this is pretty exciting, right? I mean, you know, Fred, can you give our audience an idea of like how long it takes to basically go through that type of process? Well, yeah, we started the environmental permitting in 2011. We received the EIS in 2014, and then we were required to obtain a federal environmental permit, which we worked on from 2014 to 2018. And in 2018, we submitted the mine operating permit. And so, I mean, we've been at it nine years. It's a lengthy process no matter where you're at, and there's a lot of boxes to check, and we're very excited to see light at the end of the tunnel. And I suspect, I mean, this is where the business that you're in, you never know when you start where the price of gold is going to be, right? You know? And we have a good price of gold, right? I mean, 17, well, it's 1691 right now. So how does this work in the correlation of where the price of gold is as to what your dirt or your ore you figure at this particular point is worth? Well, this is a phenomenal gold price for us. You know, we enjoy tremendous leverage to the price of gold. Our project, because of the way it's designed and the efficiency of the project, it's a great project at a $1350 gold price, and at nearly $1,700, it's exceptional. Just to kind of put it in perspective, the NPV of the project at $1350 gold price is about $820 million. Today, it's about $1.6 billion. I mean, just the difference that $350 in gold price makes is exceptional for those who believe that the price of gold is going to go even higher. Yeah, and what's so intriguing, of course, we saw the numbers come out in Newmont, and just because of the gold price, they're gross what up exponentially also. I mean, it's pretty amazing, I guess, because of the fact that so many thousands of ounces of dirt and gold in these mines, right? That's why once you get to a certain point, I guess it goes up exponentially at some point. Well, it does. And you know, the other factor is that while we're seeing the gold price go up, we're not seeing our costs go up. In fact, energy costs are going down, diesel fuel and other costs. And so in reality, our margins are improving in this market and with even constant gold production with the improvement in prices, it makes a tremendous impact on the bottom line. Yeah, no, that how about that oil price, right? Oh my God, I was bringing that up because that is something else. And hey, the bottom line is that even this morning, they come out with the API numbers, but guess what? Oil started to back down again, which for all of us is positive, that's for sure. How does it work, Fred, that you're in Australia, right? And currency-wise, how would that work once you get a partner and we go forward with the mine? So right now, the foreign exchange rate is very important to us. The Aussie dollars about 64 cents US per Aussie dollar today. And that has a tremendous impact. Just for example, from 2018 to 2019, the Aussie dollar decreased in value 10 cents. And that added about $150 million to the NPV of our project at a $13.50 gold price. So you could essentially double that impact today. So the impact of foreign exchange is very important. This is a great time to be looking at mines in Australia. Australia is experiencing in Australian dollar terms record gold prices. The margins for Australian producers is better than it's ever been. And you know, folks, I'll put this up as Fred and I are talking. And it is, it's pretty amazing, Fred, that when we take a look at this and I do this quite a bit for the listeners, right? And what I'm doing is I'm taking the price of gold in US dollars, right? And then I'm putting it on a basically a 15-year chart. And as you just said, I mean, I think it's hard for folks in the United States to understand that we haven't broken the highs in our currency, but yet in, you know, Aussie dollars, this has gone to 28, 279 and that blew away the highs of 2011, which is that 1827. So pretty impressive, man. I mean, big time, right? Yeah. Well, back then the value of the Aussie dollar was very strong. You know, we were in a commodity boom and the Aussie dollar was trading at almost parity to the US dollar. Today, those who are producing gold in Australia have considerable economic advantages because of the foreign exchange difference. Right. So now when we started the slide show, and you know, this slide show, folks, you remember this program's archive, we're going to, this will be out on YouTube also. The title, Mount Todd Gold Project, Partner Ready. So talk to us about how, where you think this is going to go going forward. Yeah, absolutely. You know, when people look at Vista Gold, they ought to remember just a couple of things. First of all, that we enjoyed tremendous torque, tremendous leverage to the gold price. Second, that the project that we've been working on for so long because of the time that we've had and the permits that we've received and all the engineering, there's low risk. I mean, there's very, very little that could go wrong with the project. You know, we've, we've, most of the engineering is at feasibility study standards, the permitting is almost all in hand. Second or third is location. You know, the where it is, the size of the project, the cost structure of the project. And then, and then last of all, is the point that you brought up. It's, it's partner ready, which really means low dilution for shareholders because we're not going to go out and build this ourselves. Our plan is to find a partner. And while those plans have been slowed down a little bit with the COVID-19 pandemic going on globally and the restrictions and travel, we're still moving forward and we're signing confidentiality agreements and we're working with people to help them understand the project and get to know them with the idea that we're looking for a partner who will buy into the project, most likely be the senior partner, will be the junior partner. But we hope to be in a position where ultimately at the, at the end of the day, we're the, we're the owner of 40% of a project without having to cough up much money or to go out to the market to raise money in order to fund our part. Yeah. Well, it's been incredible what you've done.