 Welcome back to The Mining Show. I'm Peter Clausi with Investor and Tell. Very happy today with our surprise gas rust fryer from Critical Metals PLC. How you doing? Good. I'm doing fantastic. Thanks for having me Peter. Great to see you again after eight months or so since I last saw you. I guess it was November. Lots has gone on. Yeah we were sitting at the National and we were talking about what you intended to do. Yes. And at the time you're looking at increasing your stake in a variety of things. Yes. Tell me about that. So we owned 57% of a holding company on a see-through basis. It was 40% of a mine called Malulu in the DRC in the Congo and we bought out the minorities so we went for 57% of this holding company to 100% which has allows us to have 70% of the mine. This mine is highly cash flow generative on the copper and cobalt basis. So in theory or in practice? In practice because we went into production the third week in January of this year and we're probably the only small cap micro cap company listed in London that's been able to do a transaction and six months later put that transaction in the cash flow production. Congratulations man getting in a production is such a great feeling. Oh yeah no and particularly you know we're sitting in London so it's almost the other side of the world and to be able to have a strong team led by John Kraft and Lloyd Curtley on the ground just managing and capping us through into production it's been phenomenal. I'm going to guess that the other 30% is owned locally or by the government? It's owned locally we have a clause in there that we dilute down on a pro-rata basis to give the government 10% once we go from a small scale mining license to a PE or a big-boy license where Glencore and Barracks and Ivanhose are so the 30% is held by four local partners. They were ex-coops, heads of coops so they've got a free carry and they're pretty happy seeing cash flow and production start. Yeah well good for them and good for you and I thought you traded on the aim but you're actually on. The London Stock Exchange so it's it's the big person exchange where the big mining houses like Glencore and Anglo and Rio and BHP are all located and the key about the London Stock Exchange is the North American investors the Canadians and the US investors can invest in that it's much harder to invest as a Canadian or US investor into the aim exchange and hence the reason why we picked the big person exchange. And you have cash in the bank. Yes we have 900,000 pounds of cash and about 24,000 pounds of debt so basically debt-free. And some of that cash came from recent exercise of warrants. Yes. The shareholders showing additional faith in you and the management team. Yes very much so. So what's next? So I've just completed this is country number six on a on a one month tour around the world and when I say around the world I started in Zimbabwe went to South Africa went to Congo to look at the Democratic Republic Congo to look at our mind went to Rwanda went to Tanzania took a break for about three days changed suits and then came the Canada to continue to have talks about acquisitions and in our further pipeline so this year I see several transactions M&A transactions everything is I'm going to guess that none of them are near Thunder Bay or sounds like they're on another continent altogether. Yes yes they're they're close to where we're operating which is where I think our competitive advantages is that sub-Saharan African region that we like it high grades high skill sets you know the universities down there are turning out engineers and geologists so there's plenty of skills down there yeah yeah people don't realize that University of Lombok Bashi puts out some phenomenal talent in terms of mining and in Zimbabwe you find phenomenal geologists and mine engineers that have been working for the likes of Anglo or Rio for decades. You seem comfortable with jurisdiction risk. Yes well as I have said in the past you know I see a lot more jurisdictional risk in places like the U.S. where you can't get pebble in Alaska funded you can't get twin medals in Minnesota funded you can't get Resolute and Arizona funded you can't get Colesville and Virginia funded it's it's I'm much more comfortable in Africa where the grades are higher and the governments are really keen on seeing Western capital come in to create jobs than I am in places where a billionaire can write a check to a law firm in Colorado let's say and keep us from going into production so yeah right now I prefer Africa and sub-Saharan Africa over let's say the U.S. good story thank you very much Peter. Thanks for dropping by it's always nice to see you. Pleasure to see you too my friend. Russ Fryer from Critical Metals PLC roughly 60 million shares they should note I'm Peter Clausi from Investor Intel have a great day.