 Good afternoon. Welcome back to day one of the Mining Show. I'm Peter Clausi with Investor and Tell. It is my great privilege to speak with the current president of PDAC, Felix Lee. Thank you for coming, sir. It's great to have you. Great to be here. This is your first PDAC as president. That's correct. To your term. To your term. How is it different being president from just an attendee? Oh, it's just a tad busier. Now PDAC has been around 100 plus years. 88 years. 88 years. How many people are coming this year? Well, we don't really know. We won't know until the final day of the convention. But fingers crossed. Fingers crossed. Hopefully we'll get somewhere close to what we had last year, which was anywhere from 25, just a little between 25 and 26,000 people. That's a good turn out. I remember coming to PDAC when gold was at $300 an ounce. Different vibe then. Different vibes, yeah. What vibe are you getting this year? That's just a really good question. You know, right now we've seen gold prices kind of soar to all-time highs. And then of course, you know, last few days we've seen kind of gold plummets. There's a lot of volatility in in gold and precious metals in general. And still I think at all-time highs in terms of the Australian dollar and Canadian dollar. At least I think it hit over 2000 Canadian. Okay. At the same time, we've also seen some other metals, particularly zinc and lithium just kind of plummet. Right. And cobalt just keeps treading water. Cobalt keeps treading water, yeah. So, you know, so there's interesting times. Right now the, you know, we've seen financing in industry at kind of at an all-time low. Right. We had a bit of an uptick in financing activity from 2016 into 18. And that dropped off. And in 2019 we reached, I think, what amounts almost all-time low in terms of financing. And so, and without fresh capital, this industry cannot survive. Yeah, exactly. So, I was on a panel last week where we were talking about how we access new capital. And there's a common theme that there's a disconnect between the investment community who invests in the metal and the investment community who invests in companies. That's right. How do we bridge that disconnect? Well, again, another good question. You know, ultimately, I think if we are to attract, you know, if we are to attract investors back into the gold equities themselves and away from things like gold ETFs and actually buying the physical metal, ultimately, you know, companies are just going to have to perform better is what it really comes down to. And what's PDAC's role in that? Well, PDAC really is trying to ensure that, you know, as an industry, we achieve the goals that we want to achieve as an industry, but doing it in a responsible and sustainable matter. Right. And then we also, you know, encourage government, you know, we really ask government to, you know, put in place a framework that our industry needs to perform well. So, including everything from fiscal policy. You've been a major part of the flow through and lobbying on behalf of the mining industry. That's correct. Yeah. So, you know, we were very successful in getting the mineral exploration tax credit renewed for five years. Right. And it was the first multi-year renewal of the METC since its inception in 2000. The rest of us just call it flow through. Flow through, yeah. But, you know, the METC, you know, we asked for three years and the government renewed it for five. So, how many of the 25,000 people who are coming, roughly what's the contribution to Toronto's economy? Oh, well, we inject upwards of about 70 million into the local economy. That's fantastic. Just as convention alone. Well, you can't get a hotel room or a book, a room at a restaurant right now. The streets are full. And so, on behalf of the mining industry, I give you my personal thanks. I was born in Timmins. I put myself through law school working in mines in a zinc plant. And I'm sure many people watching just have similar stories about being in the mining industry. And PDAC makes it a better place to be. So, thank you. Thank you.