 Hi, Tom. Peter, how are you today? I'm good. Tom is the Chief Executive Officer with I Minerals. And Tom, I have to admit, I didn't know much about your company before doing some research. And I'm really impressed. Well, thanks. It's quite a different play. This is, you know, most unlike conventional mining and that we have four unique industrial minerals which are used in everyday life. And so people are familiar with them, but they don't really recognize it because they're in products that you use every day but don't really know what the minerals go into. Right. I see your main product is quartz. So other than my bathroom countertop, what do I use quartz for in my everyday life? Well, there's quartz and there's quartz. You know, it's one of the most ubiquitous minerals on earth that it sells from about $25 a ton to $20,000 depending on the application. So where does it trade? Is there like abundant metals exchange? No, it does not trade. Okay. This is highly secretive and everything goes under contract. The largest company is Savelko Uniman. Oh, okay. And they have pretty much a monopoly on the very high-end, you know, $1,000 plus type quartz which goes into computer applications. So like the screen we're looking at, like an iPad, it's high-end quartz. All these other chips come out of that. Or you can use it for mundane things like making regular float glass or golf course sand or kid's sand boxes. And so these things said they trade over a very wide range. But every mineral we have here is not alien trade. Yeah. And so the pricing, particularly for quartz, is quite opaque. So it's a lot like graphite in some forms of manganese. They trade off in exchange. That's great. Yeah. And so we have case fire, which is not exchange trade. We have Deloitte site, which is very high-value clay, which is, you know, quite novel and unique. And then we've got Medicaid, which is another clay product. And again, that goes in the cement industry. And so some of those, you know, you have a little bit of an understanding of Christ, but all this stuff is very, very opaque. Right. And where is this, what do you call this deposit and where is it located? Well, it's the Bowlville Cale and deposit. But it's out of a little town called Bowlville, which is about 30 miles or so due east of Moscow in Idaho. Right. How far is that from Boise, right? Yeah, Boise would be a couple hundred miles to the south. And it's about 110 miles due south of Spokane. Are you up in the mountains or out into the flats? That's quasi mountains. Kind of Haley. It's up about 2,000 feet or so. So it's not true mountains. Okay. So to the best of my recollection, the largest quartz deposit in the world is in Poland. Are you anything like that deposit? No, this is a very unique deposit. So we have four minerals, but like I said, there's quartz and there's quartz. And so if you look at like U.S. Silicon, some of the large guys here make cracking sands or make, you know, say lower-end quartz or plate glass. This is a more high-end quartz for more specialty type applications. So it's really for like LED lighting and solar glass and like computer screens and things of that nature. So it's a much higher quality product. So it must be high silica content or silicone? It's high silica, but there's actually several criteria. You don't want deleterious elements. And so it has very little iron and very low other minerals. And there's also the sizing of it. And there's also the fluidity of what really what the Scotty is. And so actually quartz has quite a few specifications. These are minerals, not elements. Right. There are parallels to the graphite industry. Correct, yes. Okay. What stage of the permitting are you at? Well, the permitting, we expect the final permitting here in about the next two weeks or so. You just got water, right? Well, we've got the water permit. And we have a land use permit with the state of Idaho. And so we've been working with them for about the last year. We put in the final information of things that they want. And so we expect that sometime in early May. And then we'll be basically ready to go, ready to build. Right. So you must have a feasibility study? The feasibility study was completed about a year ago. And that shows you a very robust economics. I was just off in Europe and we were talking to, you know, several different, you know, investors and things, but also one of our experts, we have a hoist expert, has a lot more uses and things for the hoist. So really the economics keep improving. And so this is a unique property. From the preliminary economic assessment, pre-fees fees to today, the numbers have been getting better and better. And really that comes down to marketing. There's a lot more uses for these materials. And as you look into these markets, particularly say, say for something like quartz, if you just do a little bit of grinding on it, you can put it in the paints and things like that. That adds a lot more value to it. And so it's quite unlike conventional, you know, mine where typically the numbers go the other direction. Any idea what the global market for quartz is annually? Well, the market in North America is about a million dollars per annum of high value quartz. And so there's, you know, many, many millions of tons, but these products really don't transport well. And that typically they go out bulk. They go out in 100 ton rail cars. They go out in bulk bags. So really you're looking at the marketing, you know, close to where the money is. And so the only real transportable product is the hoist site. Because that sells for thousands of dollars a ton. You know, that can be shipped in smaller quantities. And right now the big market of that is a journey. The feasibility must show a normalized run rate on those elements. Assuming full production capacity, what's your margin? Well, the margin is about 70%. This is very unlike, you know, conventional mining where it's in a gold mine you're moving hundreds of millions of tons to make a small nugget. Here 70% of what you mine is sold as product. And the other 30% is actually off-spec product. So it is going into tailings, but we're currently selling the tailings that were left behind from the historical mining area in the cement industry. So really everything you produce almost can be sold in some fashion. So your surface rock, it's like aggregate used for construction? That's actually like sand and clay. I mean, there's no drilling or blasting. All on your surface looks like a white powdery sand. And all you do then you just kind of scoop it up. And again, there's not conventional mining equipment. You're using really 10 cubic meter trucks like you see over the road, you know, back hose and stuff or front and loader. And you scoop it up and put it in the plant and you wash it. That takes the clay off for processing. Then the sand left behind. You go through several differential sets of flotation and you make your case bar and course products. What's your projected life of mine? Well, right now we have a 25-year SEC quality reserve, but we have indicated out past 100 years. And so, well, it's going to probably tend to be a very, very long life. And so Emery's, which is a very large French concerned around the cat, they have a case bar mine in Georgia here right now in after 57 years. And so these things tend to go forever and ever and ever. So what's the next thing that investors should be looking for? Well, I think the next thing is we'll begin to have permits here in the next few weeks. And I think that's really the catalyst and the propellating source. If you look at our stock chart, we've more than doubled this year. We've been doing quite a few road shows and a lot of people that are interested in this that understand industrial minerals. So we'll be looking once we have permits to raise capital and earnest, so it gets very inexpensive relative to mine for about 108 million dollars to actually fund the full capex. There's really very little sustaining capex. And so we'll be looking to raise that money and get short time to build this because there's no heavy foundations, crushing, grinding, things of that nature. It's about a nine to 12 month engineering and about a nine to 12 month construction. So we're hoping then to be up and running here by the summer of 2019. Fantastic. Can we check in again with you in a couple of months, see what we're doing? Yeah, positively, as in the next few weeks we'll have our permits. I think that announcement comes out. We'll be moving forward at light speed to get this up and running. There's a huge demand for these right now. There's no domestic case fire production. The Hawaii site has a lot of high end pharmaceutical and medical applications. In fact, several press releases from Germany as this stuff is being used for diabetic wound care. Highly successful. It can also be used for other types of wound care. Functional fillers, gas filtration, many things. But it really looks exciting as to where we're going. Great. Looking forward to chatting with you in a couple of months. Thanks for your time. No, thank you.