 Well, I'm so pleased to be here with you this morning, Mr. Toscano, even though you are not from Italy, but rather from Brazil, in the state of Minas Gerais, which I well remember as being Brazil's primary mining location. So welcome here to PDAC. Is this your first time here? Yeah, it's my first time here, but every year we have members from the company. We are a state-owned company and we have members coming here for the past decade, probably, because it's the most important fair in the world. So we have to be here. Absolutely. Everybody who's everybody is here. So your company functions as the state economic development agency for Minas Gerais, is that correct? Yes, it's completely correct. We are a company that holds the niobium there, or half of the niobium mine there in the countryside of the state in a partnership with CBMM, a private company. We explore together. In fact, we rent our mineral rights to them and they explore and they commercialize all over the world and they pay for us for the rent in 25% of the profits. And we use that profits to develop the estate making investments in other minerals or even in the real estate market and also in private companies such as the CBL, the company of Brazilian and Brazilian company for Lithium, which we had one third of the stakes to try to develop the mineral markets there in Brazil. The niobium certainly is a very critical material because it's used to make steel stronger along with molybdenum. Exactly. You know that this partnership began in 1972 and niobium was not used even here in the state when they export it comes in the back, Colombo, because it's different here the way they used to call. Also there was no market for niobium and CBMM, these private companies start developing its application in steel, which makes their sales increase a lot all over the time for the past 15 years. And a couple of years ago, maybe more, they start to develop applications also to the battery for electric cars, electric vehicles. And they are about to launch the first bus with this technology. But it's not a battery, it goes with niobium, which the majority of people usually make this confusion. The thing is that the niobium goes in the bathroom with the lithium because you know more than me that electric vehicles takes long to get charged because lithium gets high temperature and may explode and what niobium does, it keeps the temperature very low and you can charge the vehicle very fast. So for example, in this case of the electric bus, it can charge the electric bus in ten minutes. Wow, that's amazing. So that's the next upside. Absolutely. Now that's going to be crucial as the industry builds itself out. I presume that that would also be true for the batteries used in the wind turbines. Exactly that, exactly that. So we are expecting to have a huge success in the future and that's the reason we are here to promote the niobium and also to promote other minerals as we were talking before the interview. They state minas, gerais means general mines because we have all kind of minerals there. So besides the niobium, we have the lithium, we have the iron ore gold, so we are very strong on that. So you're also looking for some companies to come and invest in the lithium space. Exactly that. On the company, what we are trying to do is develop a kind of marketplace because we know we have lots of investors all over the world looking for opportunities there and we have the minerals there with lots of opportunities and we notice that they are not talking about this and there is kind of a symmetry of information that we are trying to reduce and make all the information regarding the minerals more suitable to investors especially for those who are not well connected to minerals because we have licensing problems, we may have the national agents for mining and you don't know if the mineral is okay or not, if they have all the information. So we are trying to reduce the symmetry of information by creating this marketplace and by doing that we are expecting to have more investors in all this kind of minerals. So I imagine that one of the things that you also do is to try to make the process of obtaining the mining license as easy and quick as possible. How long does that normally take? Exactly. The process to have mining involves the process to have the mineral rights at the Brazilian agency who is responsible to provide it for the public company but also for the environmental state agents to give the licensing for them to explore, sometimes you need water so you also need an authorization of that and in Brazil you have to go in different place to get all those authorizations so by creating this marketplace you can also create one stop shop and the investors instead of doing this long journey to get the mining right we just can help and then by being an agent to get all this license very quick faster and by doing that developing the economic level of our state. So if you catch your ideal investor what does your ideal investor look like? I think that when you have investors that are already used to all the minerals and they have the support from different advisor mineral advisors such as attorneys, environmental companies I think they are well attended. But what we notice is mining is very profitable many companies for example we have some examples of companies who are exploring energy or agriculture which are very strong and they say I want to move to mining but they don't know what to do and what they are looking to do oh is that a place you can go look at these companies economic development company because they are not the ones who are going to solve the problem but they have all the solution and you make the contact to everyone and they can help you on making your investment and of course the return of the investment. And is there good return on the investment? I hope so we are doing good so far. Awesome I was so glad to meet with you today and we show a very good time here at PDEC and good success. Thanks very much it was a great pleasure to meet you especially by knowing that you were there in Minas Gerais so if you are going again just let me know. I definitely will do. Thank you very much. Thank you.