 Today I have the pleasure of having two international rare earths or critical material experts. I have Guillaume Petron, who's currently in France. Is that correct? It's correct. I am in the south of France, in the Provence area. And of course we have our Jack Lifton, who is one of our absolute famous, who's of course based in Michigan. How are you today, Jack? Well, I'm fine, Tracy, but I'd rather be in Provence than in Michigan. That's the way it goes. For everybody out there in investor intel, you may not be aware of the fact that Guillaume Petron has written a book called The Rare Metal Wars. So this debate is called The Rare Metal Wars, so we're going to hit hard with the first question out of the box. We're going to take turns asking you both questions. Guillaume, as you're our guest, we're going to start with you. We'd like to start by, I just finished doing an interview with Henry Weingarten from the astrologers fund, and he's calling Donald Trump as the presidential winner again this fall. Can you tell us how that's going to affect the global, the impact on rare earths internationally, or will it? I just want to make sure I got your question. Donald Trump may win the presidential elections in November. That's what I got, right? Yes, that's correct. And how will that impact the rare earths market? Well, first, I must say that Donald Trump has already very much impacted the rare earths market and the critical metals market for the last years, because he's the president in the United States who has been tackling the issue as no one ever did before as a president. And I think that's a good thing. We might say whatever we think about Donald Trump, but I think the good thing about him is that he's been putting the issue to the politics, he's been understanding this issue very well, and he's trying to tackle it as much as he can. And of course, that's going to have an impact on the production of rare earths and critical metals in the United States. Not such a big production, but still it's an important fact to be raised. And if he's re-elected, well, I believe that that's going to go on in this direction. I think he doesn't want to have the United States dependent on China for these critical metals for the defense industry. And we can believe that he's going to touch politically speaking, he and his administration, to make sure that, well, we can try to extract some minerals from the ground, try to refine them on the U.S. soil and also try to have a more lively magnet industry. So, all in all, I must say that Trump, in my view, is doing a good job on this specific issue. And that if he's re-elected, it's going to impact in a good way the U.S. production of rare earths minerals and rare earths metals. And of course, Jack, what would you like to add or what are your thoughts on this topic? I agree completely. It's putting aside which political party someone's in, Donald Trump has had more influence on the works industry in the U.S. and probably the world than any president before him because he's actually the first president to pay attention to this in the light of his larger interest in critical metals production being brought back to North America from not only China, but other places which he considers less friendly. The fact is, Donald Trump is our first, let's say, nationalist president in most of your lifetime stuff, because I was alive when Franklin Roosevelt was president and you may have thought of him as an internationalist, but he was quite interested in America first as was Harry Truman. But after that, it became the policy of the United States as started by Harry Truman was to basically, excuse the word, control the world so that the United States would never get into a war as it had just gotten into. And Trump is the first president since then to refocus on globalization. And he's trying to de-globalize critical materials for the security of the United States. You don't have to agree with that policy. That is his policy. And it's the most interest in the dealings exactly right. The most interest in this sector I have seen in my working life. So you know where I'm going next then, since this is the rare metals war. Let's talk about, I'm going to give you a two-fold question, both of you. And Jack, I'm going to let you lead on this. Everybody forgets what happened to the capital markets when the increasing tensions occurred between China and Japan and the Dionysius Islands. Now we know this can come out of nowhere and all of a sudden we have an increase of interest in rare earths. So I'd like to discuss what may potentially happen with an increasing tension between Japan and China. And then I'm going to have you take on the big one, which is increasing tensions between China and the United States. Jack. First of all, Japan is much more invested into China than even the United States. The United States is sort of doing this in a secondhand basis. We really, the magnet companies that provide us our military, for example, with materials are really Shinetsu and Hitachi, the two very large Japanese rooms. They in turn are doing most of their production in China. And I remember when the 2012 situation occurred, I was told in Japan that by Hitachi, we will never allow our top secret proprietary processes to be done in China. Okay. Now they're almost entirely done in China. But the Japanese government has promised its high-tech industry billions of dollars to reshore, bring those industries back to Japan or at least to countries that Japan considers friendlier. That's another discussion I can't imagine by Malaysia or Vietnam would consider Japan friendlier, but to the Japanese industry, they are. The United States is in the same boat and there's something happening right now, Tracy, that really intrigues me. The Chinese have said and they've identified Grumman industry, American, as one they plan to cut off from all wearer materials because of whatever Grumman has done or said. And what Americans don't seem to be paying attention to. Grumman is the producer of the F-35 fighter plane, the greatest air superiority weapon in history. Korea is building its first aircraft carrier just to field its F-35s, but Grumman needs those wearer earths to build those planes. So this is going to bring real pressure on the Defense Department. This is just happening now and we don't know what's going to happen. The Chinese have openly said we're cutting off Grumman.