 Welcome back to Investor and Tell. As the summer is over and we start the fall programs, we see more and more drill programs coming to the fore. One such drill program is with Prophecy. And here to tell us about it is John Lee Prophecy's chair. Hi, John. Nice to see you again. Yes. We've spoken about Prophecy a few times. I met you at PDAC this year. We had a great chat and you're here to update us on what's going on. For those of you following along at home, roughly 95 million shares outstanding, trades on the Toronto Stock Exchange on the big board, trading around 30 cents and you have a 13 million share financing pending at 20 cents. That is correct Peter. That should be easy to fill. It's fully booked already. The placement is fully subscribed and we had one of the most prominent investors that took a book with the financing. The identity will be revealed shortly at the closing. Well, the rumor mill has been working hard on the identity of that person, but I'll leave it for you to confirm at the appropriate time. So tell me a little bit about the silver deposit and why we're so excited. Yes. Well, Peter, Prophecy has been around in the last eight years. It's only recently that we started the program on this silver project, on this wonderful silver project called Pulakayo in Bolivia. We acquired the project in 2015. At the bottom of the cycle was silver was $14 an ounce. And it's a historic producer, right? It is just a bit of historical context. Peter, this is the second largest silver mine in the world based on historical production. Close to 700 million ounces of silver were dug out of the ground in the 1980s, in the 1800s and the 1900s. It ran continuously for 65 years. Oh, more than 65 years, over 100 years. But only the known records had shown a good track record of production for 60 years from early 1900 to 1952 before the mine was nationalized by the Bolivian government. And Peter, it was the Pulakayo silver that allowed the Spaniards to conquer, do their conquering of the world. And also it was the Pulakayo silver that helped build the Bolivian railway to end of Augusta, the port, to the ship port. Right, built that infrastructure with the money from the sale of silver. Exactly. And we know it hasn't been played out because there's a recent 43-101 on the property. That is correct, Peter. The project was under this previous operator, and it's been a recurring theme as we did with the Venetian. We buy this project at the bottom, but these are very well advanced, low technical risk projects. The previous operator is a Toronto listed company. From 2005 to 2015, it's been over $25 million in developing the deposit. It has a feasibility study. It's fully environmentally compliant. It has a social license to operating Bolivia. And it has over 95,000 meters drilling, which resulted in a resource estimate of over 50 million ounces of silver at a very high grade. And that's 50 million of I plus I, right? Indicated and inferred together. Measure indicated at 30 million ounces at a cutoff of 400 grams of silver, grading at 458 grams of silver. This is silver, not silver equivalents. Right, real silver. And in for resources about 20 million ounces, and you're looking at the grade of about 200-250 grams per ton. Very, very high grade. Being an investment banker, I like looking at the infrastructure side of things, because that's where a lot of cost can go. Oh, yes. In fact, a lot of the majority of the costs now go to infrastructure because escalating inflation. There's a middle of this project. Yeah, this project, Peter, you're right on in that this is a historical. This is a, this is historic producer. It has, it has a paved road has access to power and water. And the generational miners understood the importance of mining and benefits of mining. So this is not in a sort of grass, you know, herder or, or areas of where people are, I mean, these people kick the NGOs out. I mean, these are our friends. They don't like the NGOs. So we cannot imagine a better jurisdiction, a better place to operate than a public high. And there is a mill nearby. There are, there was historically a mill on site, but there because this is a very prolific region. Absolutely. There's over several dozens of mills within driving a vicinity. And Peter, just to provide a bit background, Bolivia today produces more silver than Argentina, despite the lack of foreign investments. Really? In this region, maybe I could hold it with a golden, well, not a golden triangle, but the silver triangle. You have Sumitomo, who's operating Cassin Cristobal. That's probably the second largest open deposit, silver deposit today. And you have Pan American silver. You have a quarter lane used to be quarter lane. You have Glencore and recently also a big discovery made by New Pacific. This is all within 200 kilometers drive from Pulakaya. And Pulakaya is an epic center of all the ashes taking place. So two points left that are important to me. One is management. And you've got a bit of a superstar in your CEO. Yes. Well, Peter, you've been tracking our story for a while. The company was on skeleton running till 2016, because I mean, the commodity market was just in a major correction. Now we're the pendulum has swung completely the other way. But in the last two years, we really have a problem very competent people on board. The three guys we brought out had over 100 years of experience in commissioning, permitting, exploration and operating our minds in Nevada and elsewhere in the world. They're all coming from pedigree backgrounds of barrack and the likes. So we now not only have the project, you have the M&A guy and now you have an operation and a permitting team that can take this project all the way to production. And the last point that matters to me is the macroeconomic picture of the silver gold ratio. Silver gold ratio hit it slow over the past 10 years in April of 2011 at roughly 31. Today it's over 83. Why does that index matter? Well, Peter, historically, when the ratio when when gold trades at a lot of big premium to silver, that means that the there's very little speculative interest. So it happened in 2000 and you know the early 2000 when the first major run up. And now the the go to silver ratio again is extreme level. And these historical records assume that a silver is likely to outperform gold by a wide margin when when when the ratio reached over 85. And what that means, Peter, is if if gold were to reach a if if gold were to hit the target of 1660 and I'm a technician, a charter financial analyst, that means that silver can go as high as $25 in the very near term. And plus the Fed lowered the interest rate for the first time in more than a decade. An interest rate trade inversely to the price of precious metals for for every additional 25 basis point cut, you're looking at additional 10 to 15% upside for the precious metals. This is the ideal time to getting the bottoms in and there's just plenty of upside going going going forward. So this is Peter Clossey for investor Intel telling you don't wait too long. Stocks trading at 30 cents the closing a 20 cent financing and silver pretty much has nowhere good to go but up. John always fun chatting with you look forward to seeing you again in person. Yes, Peter December's PCY and we got a major strategic investor coming on the news is going to come up shortly. So it's happy to position a lot again. Thank you very much. Thanks for your time.