 Hello everyone, this is Byron King with Investor Intel and this morning today we are going to speak with Maritz Smith, who is the CEO of Alfam and Alfam and resources Alfam in is in the tin business You've heard of tin cans and hot tin roofs, but it's much more than that Maritz is in Johannesburg, South Africa because his project is in in the Congo Maritz. Good morning It is great to be with you. It's at least this morning here. It's afternoon where you are I supposed Maritz give our viewers just a real quick minute or two summary of where are you operating and what is your position in the tin market? Thank you Byron. So Alfam Resources is all about tin and we really believe we're in the right commodity. Tin in the main is used as a solder, which is the glue that holds our technology well together and we love commodities that benefit from technological advances and certainly the technological revolution. So it's a very healthy commodity to be in and the Alfam mine is based in the Democratic Republic of the Congo. We commissioned this tin mine in mid 2019 and we already produce 4% of the world's mine tin, but it doesn't stop there for us. On the back of the success of the Parma North mine we are allocating quite a significant amount of capital to further exploration drilling. We believe that we are the owners of a very prospective tin license area and we are looking to increase and grow our resource base quite substantially going forward and then in parallel to that, as you would have seen in the news yesterday, we declared a maiden resource on the adjacent Parma South deposit and that for us unlocks the potential to expand our production in the very near future. So you are a primary tin miner as in hard rock and not tin mineral sands from a river bank or something like that. So we mine primary hard rock tin ore from our underground mine. Our head grade is by far the highest globally at 4% at Parma North and through underground mining our ore is being treated then through our processing facility through gravity separation and we then produce a very high grade 60% tin concentrate which we then export to tin smelters in the east. So before we came on air we were talking and you had mentioned that the annual market for tin is in the range of about 380,000 tons per year and right now tin is selling you also mentioned for 48,000 dollars a ton. So when I do a little bit of math in my head, we're way up into the 16, 18, 20 billion dollar a year range in terms of how big of a market this is. Is that the ballpark scope? That's absolutely right. So relatively speaking to comparing the tin market to copper obviously it's a relatively small market but it is an absolutely critical market and it is a strategic metal and quite sad really that the world hasn't invested in exploration and developing new mines for 40 years now and that's why the supply side is constrained. This is a metal that the world needs, technology cannot exist without it and so we are in our opinion very well placed to capitalise on the fundamentals of the supply and demand side often. As I said earlier we already produced 4% of the world's tin and with the adjacent Palmer South deposit and and having completed a preliminary economic assessment on that we would like to increase our production in the not too distant future and become a 6-7% producer in the next two to three years. Thereafter with our investment in exploration we are optimistic that we will find the third, fourth and hopefully hopefully fifth mine and on our exploration area over a strike distance of eight kilometres and in the medium to longer term hopefully add more production to the world's constrained supply situation. Well for the last two years we've heard nothing but you know shortages of electronics, shortages of chips, what have you, what have you. So since tin as solder is literally the proverbial glue that holds the little circuit boards and components together I mean you know there's already a problem with you know producing enough electronics if we produce more we need more tin and that leads to sort of the next question if you've got 4% of the world's market right now and it's a growing market and you're looking towards you know taking it up to seven and eight percent so there's upside room for growth for your company and for your share price I would consider yes. Can't argue with your logic and you know all we are focusing on is to continue with steady production from our current mine allocate internally generated cash flows to growth and deliver on the invisible growth path you know we our vision is to become one of the world's largest low-cost tin producers and I think Alphamony is becoming increasingly important in terms of its potential supply into the tin market. You know as I said earlier it is a strategic metal and technology cannot exist without tin certainly the cost of tin whether it doubles and trebles from this level is irrelevant to the cost of an electronic device or a circuit board it is irrelevant so really I think going forward with semiconductor and chip production increasing priority in our opinion will be given to sourcing tin for circuit boards and it's going to be a question of price which as I said earlier is irrelevant to the cost of technology. Well your grade is your ore grade is very high and so the old expression your grade is king so your cost structure I take it is attractive in terms of where you operate and are you making money let's just boil it down to that. Well absolutely you know if you look at our four audited results which we released yesterday we generated EBITDA profits of $74 million for the quarter and the tin price we averaged was $38,000 a tonne I see today the tin price is at $48,000 a tonne so certainly we don't have control over the tin price but we are focused on steady production and maximizing tin volume sales and keeping ourselves on this growth trajectory going forward. Merge is there a is there a last point that you'd like to leave the viewers with? You know just in summary you know it's it's it's one of those classic examples where a strategic metal hasn't seen significant investment in exploration development and the Elfman mine is the first major tin mine that's been developed in 40 years and you know and that's what why we are where we are in terms of supply side constraints at the moment and and and this company we believe is well set to to grow in a in the medium term and to play a key role in reducing the deficit in in this all-important tin market going forward. Well thank you so much viewers out there the name is Elfman Resources TSX Venture US over the counter markets if you are a tech investor this is the glue that holds your tech investments together if you are a resources investor this is this is one of those exotic metals that there's just not enough of it high prices and and scarcity so do your own do your own thinking and move ahead thank you so much Maritz and we wish you well you and your company. Thank you Bar.