 Hi, how's everyone doing today? I'm your host, Richard D'Souza, and I'm here with our very special guest, the CEO of Thesis Gold, Ewan Webster. How are you doing today, Ewan? Good, yeah, thanks, Rich. Pleasure to be here. Very excited to have you on the show again. Ewan, can you tell us the significance of the intercepts from the most recent drill results? Yeah, I mean, the 2023 program is a huge success and it went into it with some key strategic goals. And one of them was really at the Lawyers Project, delineating the mineable underground resource. And the latest results out of that, well, I think the headline hall was 128 meters, about two and a half grams gold equivalent, Cliff Creek South, within that 27 meters, eight and a half grams, so phenomenal results. And that was right in line with our model stops. So really add announces down there, demonstrating that there's big broad zones of mineralization with some peri-high grade in there as well. And at Duke's Ridge, similar story really was the objective was keep expanding that mineralization at depth. And I think the headline most recent one from there was something like 53 meters, about three and a half grams, gold equivalent, including 16 and a half meters, at just under 10. And at the time that was the deepest hole drilled on that Cliff Creek system, demonstrating once again that mineralization is open at depth and very strong. And we're heading as anticipated. So all of the drilling at Lawyers went very well this year. The ranch, the objective was to continue delineating near surface, high grade mineralization and through a number of different zones. I think we certainly delivered on that at the Bonanza zone headline hall this year for just over four meters of 120 grams gold. So it's certainly living up to its name. Then the Bingo zone was a bit of a surprise this year. It really delivered 25 meters of just over five grams gold I think beginning again, basically at surface. And then our most, and I should add as well, you'll see some more results coming from Bingo that that's the remaining outstanding balance of holes to be released from last year's program. So I anticipate more strong results. But just to the south of Bingo, our latest press release and maybe that's where you were getting that, but that was from the thesis two and thesis three zones. And essentially that's just part of one longer corridor that we call the thesis corridor. But the headline there was 60 meters of four and a half grams gold, including 19 meters of just over 10. So brilliant results and a step out hole, near surface mineralization. And really I think all of this just speaks to how much upside remains on the project to continue expanding the gold footprint that we have in coming years. Congratulations on fantastic drill results. You did touch on the ranch project and the lawyer's project. Can you give us an overview on the ranch project and the lawyer's project? Yeah, of course. So both projects are situated adjacent to one another. They're in North Central British Columbia and the historic Tutigón mining district and collectively they make up about 325 square kilometers of district scale land position. It's essentially a Brownfields development project. The lawyer's project was an operational gold, silver, mine, underground, high grade and late 80s, early 90s. And then the area is that pretty dormant for a couple of decades. And we acquired both projects over the course of the last five years and we've quickly accelerated them through from relatively small resource on the lawyer's project through the three and a half million ounces in 2022 and PEA shortly thereafter with some robust economics around the lawyer's project. Ranch project is pre-resource, gold, silver, a little bit of copper there as well, epithermal system that is shown just as much potential as the lawyer's project to deliver on, I think in the long term what will be multi-million ounce potential. The two projects together, certainly it's a very significant asset and we're looking at some major milestones to continue advancing those over the next six to eight months as well. We love it here on the Rich Stevie Live podcast to see companies achieving their milestones. Now the company has been a victim to some funds rebalancing of their portfolios. Can you explain how you guys have been dealing with that? I mean, the latest thing was, it wasn't so much a fund but it was ETF at Silj, which is silver ETF and change in management team and then a rebalance another fund. And there were some companies went up and some went down and that is completely out of our control. And stock was sold off and is bounced back nicely from that. And as I said, that type of situation is completely out of our control and there's not much we can do about it. I appreciate you giving us that feedback so we understand and investors understand what's going on. Now, according to Cormark, thesis shares remain extremely undervalued at just $17 an ounce versus $85 an ounce as compared to its peers. Can you give us your thoughts on this? I mean, they're spot on. Obviously definitely agree with them that we're very undervalued and that's undervalued with what we have defined in the ground at the moment. So, I mean, that's based on the three and a half million ounces that is on the lawyers project and the PEA, but I think what helps us stand out a little bit maybe from our peer group even more is that we've got more drill results to come, a new resource across both projects for the first time. So be global resource, then a new PEA looking at bringing in not only the underground main balances from the lawyers project for the first time, but also near surface higher grade mineralization on the ranch project. So, I mean, that should be transformative for the project. So, we're undervalued, but we have a very clear catalyst path ahead of us over the next six to eight months, which I think will make a material difference as well. I mean, I think that another thing that's overlooked is that we're in a part of British Columbia where the, and I mentioned, this is more of a Brownfield's development side, but it's effectively a kind of turnkey situation in terms of infrastructure and infrastructure. It's fantastic. Topography really works in our favor. It's easy to operate logistically, much simpler than a lot of British Columbia. So a number of other things going for us that I think are not quite really recognized yet, but I think we're going to be able to demonstrate that, or I think we're going to be able to, we won't stay undervalued for long, sort of trying to say. Yeah, we hear the Rich CV Live podcast, love to identify companies that are undervalued, underappreciated and underexposed, and we definitely believe you guys fit that bill. Why do you think retail went cold since the merger with Benchmark Metals? I don't necessarily know that retail went cold. I mean, I think that's just a sector-wide problem at the moment, and we completed that merger in the middle of August, and the market was already on a downward trend, and I think a lot of that is coming from retail capital moving into other fields. And I sat and listened to Bruce McLeod recently. He gave a presentation to Virik, and that was kind of his sentiment as well. It's just like there's not a lot of retail investment in our sector at the moment, and year over year that continues to decline. But I mean, I think that just provides opportunity for the retail that is still here. And back to your question earlier about the funds and the rebalancing of that silver ETF, I mean, when we dropped off there, I think retail saw the opportunity and really stepped in and bought it back up to the levels that it was at prior to that rebalance. And so I think the retail is still there. They're just looking for opportunities and being a little more selective of what they're spending their money on at the moment. Yeah, and gold been holding over 2000, so that's a really good sign for gold and for miners. Do you believe that thesis gold will be a top three mining project in North America? Yes. And I think the catalyst that we've got ahead of us will help demonstrate that for sure. And I think I say this all the time, but it's very much going to be a starting point. I believe that whatever we come out with a resource and the new PA, it's going to show material improvement over what currently exists on the project, but it's going to be a starting point. There's a lot of upside here to continue expanding, improving on those metrics. Typically, that's not the case for most companies. Typically, they put out a resource, a PA and that kind of encapsulates what is the best part of the project and sure that's the case for us as well, but it will continue to grow. So I truly believe this will be one of the best projects in North America. Wow, well, we love finding the best projects in North America and finding them early. Now, you mentioned the updated PEA, which stands for preliminary economic assessment for anyone that's watching at home. We'll be coming out in Q3 and the economics are expected to be extremely attractive for any majors looking at the company. What could that mean for shareholders? I mean, I think regardless of the major side of things, I think for any shareholder looking at the company, as you noted, we're really undervalued relative to our peers by a significant margin at the moment. And I think part of that is maybe that retail, et cetera, is waiting to see if we deliver on this and is this project as good as you and Cesar does? And I'm confident I'm gonna be able to demonstrate that as the case. And so I think there's a lot of upside here for shareholders getting into this level. I mean, the growth potential in the project is fantastic. So a lot of upside ahead of us in terms of share price appreciation, I believe, especially if gold continues to stay above $2,000 and we have a better trajectory in 2024. Well, we're super excited to watch and see you guys continue to hit your milestones. I want everyone to put the symbols of thesis gold on your radar and on your watch list on the TSX Venture Exchange under the symbol TAU, on the OTCQX in America under the symbol THSGF and in Frankfurt, Germany under the symbol A3EP87. I also want to remind you that Rich to Be Alive is strictly for information and education purposes. Please do your due diligence and do your research whenever looking into companies that we feature. I also want to thank you and Webster for joining us today, Ewan. Thank you for having us. No, thanks, Rich. It's been a pleasure chatting with you. And we love having you on the show. We'd love to invite you back in the future. And for any of you guys that are watching at home, thank you guys for watching. If you're not winning, you're probably not watching. We bring you the winners, CEO interviews, breaking news, trending topics, and we bring it to you first. Thank you for watching, everybody. If you liked the video, please smash the like button. Comment down below, share the video everywhere and subscribe. I'm your host, Richard DeSousa from the Rich to Be Alive podcast with Ewan Webster, the CEO of Thesis Gold. Ewan, have a great day and we'll see you soon.