 Hi, I'm Peter Clausi with Investor Intel. We're here today to start the Clean Tech and Technology Metal Summit at the King Edward Hotel in Toronto. One of our guests, Ms. Amanda Lacaz, is fresh from Australia. Maybe not so fresh, either. How is the flight? It's a long flight. Well the company had a far better year than your flight then. Yeah, we've been quite pleased with this year. There's been a lot of heavy lifting in Linus and I know that you have tracked Linus' performance over time and we're pretty happy we're in a good spot now. So we've now got 100% of our assets commissioned. We've got one separation train yet that we're going to look at how we actually bring that into play but we're operating at slightly above design rates for NDPR which is the most valuable of the materials we produce. So a year ago, you came to the conference, you had erased debt, you put the assets, getting them ready for production and you had said it was going to be a big, big year. Now, recent press release shows that you have positive cash flow. Yeah, so actually I'm not sure that I said we'd erased it. We've taken it away as a continuing issue and in fact, in the year it just passed, we did do a further rescheduling of the debt. I think we may have some of the cheapest money in the world. Our senior secured is at 2.5%, our bond is now at 1.25% coupon and both of those debts have been pushed out. So we have plenty of runway. Is that with a bank or a private lender? So the senior secured is with a company called Jare which is a special purpose vehicle combined from Jogmec which is a Japanese government instrumentality and sojits and our subsidiary bond, convertible bond is actually with a group of hedge funds basically. Both of our lenders have been very supportive during the period of time when the business has been both ramping up and also dealing with the most unfavorable market conditions that most people can remember. So we are very aligned, we're very aligned on making a strong and successful business that sees good returns to all stakeholders. So cash flow is positive in the quarter, you have cheap debts, you're getting tremendous leverage from that third party money. Yeah, yeah, yeah, we got, so in this last quarter it was a record positive cash flow, it's $11.6 million for the quarter. That's actually giving proof to what I've been saying to the market for a while which is that we are highly leveraged to any increase in market pricing. Let's talk about that then. What are the elements that you're selling and let's talk about the market for them. Okay, so we're a light rare earths company primarily although we do also have a heavy rare earths compound that we sell. Primary materials, the PR and ND, praise the idiomium and neodymium, which I talk about six months to learn when I joined the company but nonetheless, otherwise known as NDPR. These are the magnetic materials, they go into the rare earths magnets which are primarily used in automotive applications, wind turbines, those sorts of areas. As well as that, we produce lanthanum and cerium both in a separated and in an unseparated form. They go into mixed oxide supply chains which are catalysts, so autocat for vehicles, catalysts which are used in fuel cracking and also in things like polishing powder. So we're selling into both of those supply chains and each of them operate differently. Have the market prices increased for these over the past year? Well, for the first nine months of the year, they've been pretty, for the first six months of the year, they were pretty dire for most of last calendar year. They were at some of the lowest levels that have ever been seen. They've been gradually increasing from February this year and a lot of that price of course comes out of China, it's gone up three, four, six remember a month, which has actually been, I think, very good. Very small increases but which are actually sticking in the market. And I think that it's a reflection of the fact that market demand is strong. Market demand for NDPR in particular for the magnetic materials is strong and some of the peculiarities of the rare earths market has actually seen that you don't necessarily get the same direct connection between demand, supply and price that you might get in more orderly markets. So in many ways it's like graphite or manganese. You have to have your own internal sales department. The London Metals Exchange doesn't cover you, for example. Well, actually I would put it even differently. It is, what we produce is not a commodity. It is actually a specified functional material. And indeed every customer has slightly different specifications. So it can't be sold into a pool and then sold out. And actually that's a very good thing for our business. It means that technology can be a differentiator in what we do. It means service can be a differentiator in what we do. And certainly the quality of the product itself can be a differentiator in what we do. So did your customers come to you seeking this particular formulation? Or did you find the deposit process and then find customers for it? Well, it's always a bit of both. And I think that particularly in the rare earths market, that the desire for a sustainable outside China producer, which is Linus, we are the only minor processor of rare earths outside of China, who also takes care and concern for the environment in their processing is an underlying demand in the market. Having said that, each of our customers have a business to run themselves. They have a specification for what they require in their formulation. And so they will buy from suppliers who are able to supply that. But as an interesting example, on Surium, for example, at present, we've reproduced three different grades. Somewhere down the track, that might be a multiple of that. Is that measured in terms of size or purity? It tends to be purity. And one of the interesting things that I've often said is that we're not necessarily the world's experts in processing rare earths, but we are the world's experts in processing our rare earth. Because we're dealing with an actual resource, every deposit is different. So Chinese producers don't deal with a deposit which is as rich in aluminium, iron and zinc, for example, as ours is, which comes from Western Australia. So if you are the second largest producer in the world, you're the largest producer outside of China? Yes, we are. That's something to be extremely proud of. I know, I'm pretty pleased about that. We wear that badge very comfortably and very happily. You've had a great year. Looking forward to talking to you again next year. I mean, we can touch in by Skype during the year. Okay, terrific. Thank you for your time. Thanks for that.