 And we got a treat right now folks. We're going to jump over to our man, Fred Ernest. Fred is president and CEO of Vista Gold. It trades under the symbol VGZ in the NYSE American and under the TSX VGZ as well. Fred, welcome back to TFNN. It's great to speak with you this afternoon. It's good to speak with you. Thanks for having me. It's always a pleasure, man. I've listened to you talk to my dad many times. I'm sure the listeners are somewhat familiar if they've been out there. For those that aren't familiar with Vista real quick, Fred, could you just give them a little bit of a brief introduction of Vista and what you guys do? I know the Mount Todd project in Australia, but for those out there, if you could just give them a little introduction, that'd be great. Yeah, absolutely. We own the Mount Todd Gold project. It's in the Northern territory of Australia. It's one of the largest and most well-advanced projects in Australia. Seven million ounces of proven and probable reserves. All of the permits, major permits are in place for development of the project. It's a great geographical location. The territory government is very supportive of mining. And we just completed in December, a royalty to wheat and precious metals to help us advance the project. And we're very excited about that. And that's a great segue. That's what I really wanted to touch on. Since we had you on last, that was December. If you could go over it, Fred, that deal you have with wheat and precious minerals, it's a royalty deal. And if you can talk about it, I believe it's for $20 million, you guys already maybe have the first three. That's the timeline, maybe the first half of this year. But in terms of what that capital is gonna be used for, how you plan on using it, and what that's gonna do for Vista Gold. Yeah, absolutely. As you indicated, it is a $20 million deal for a 1% royalty on the first 3.4 million ounces to be produced from the project. We've received the first tranche, $3 million. As soon as the foreign investment review board approval is granted, we'll receive the next tranche, which is $7 million. And then on the six month anniversary from announcing the deal, we'll get the second half or $10 million. One of the obligations, you have to understand that these royalty deals aren't free money, you can't just do whatever you want to with it. We proposed and Wheaton agreed that part of the money would be used to undertake a drilling program. I'm pleased to report that the drill has been mobilized and we'll have some announcements later this month about the commencement of drilling. We're targeting an area at the north end of the deposit. The deposit is open to the north and we're targeting resources that are near the surface. So there'll be a low stripping ratio ounces as they convert. This will help offset some of the production profile irregularities in the mine plan. Once this drilling is completed, we intend to undertake technical studies, some confirmatory met testing. And ultimately, I believe it'll be a feasibility study, but we're going to look at developing the project as a smaller project. This will mean much lower CAPEX than the feasibility study that we completed two years ago and make it much more attractive and at the same time, preserve a production profile of 150 to 200,000 ounce per year. So we're seeking with this money to spend a little bit of it upfront here to increase the attractiveness of the project and make it easier for us to get a deal with a partner and ultimately to create value for Mr. Shermholtz. Yeah, it's pretty cool. And I was getting ready for this interview of course and I was chatting with my dad and they own the Gold Report folks, my dad, excuse me, they own Vista in the Gold Report right now, but Freddie was talking about me when this news came out, talking about using that, drilling the holes. Now, is that something that it, and I saw on some of that talking about like a de-risk to a certain degree. And is that something where you're dealing with a larger sample size of the data for the drill holes? Is that the greatest part or is it also that you're really localizing where some of those veins may be? And is that part of it where it takes out some of the risk as you have more data in terms of what you're actually dealing with in terms of gold in the ground? Is that a good way to look at it or how do you look at that? I'd look at a little different, Tommy. Okay. The work that we're gonna be doing is demonstrating some of the blue sky potential. There's, right now, they can't be classified as reserves within the Northern area of the pit. There are inferred resources. We'll be infill drilling to define those. But as we expand the resource, we demonstrate to potential partners that the risk of additional ounces is lower. That if we can drill 6,000 meters and that a half million ounces, that kind of paints a picture that there's more ounces to be discovered. The de-risking part will come from the work that we do with the technical studies to demonstrate a much lower front end capital for the project. Right now, raising money is the biggest risk for anybody. And when being able to demonstrate that a project can be built for a third of what the feasibility study estimated and still produce, I guess, at 150 to 200,000 ounces, that's elimination of a big risk. And it's pretty remarkable that this mine actually operated. Do you guys come in maybe in 2006? Is that correct? But it was operating, like 1997, I believe that they had it going for another year. It's remarkable that gold was in 200, maybe 300, maybe 350 back at that time. We're dealing with a number that's around 2,000. And we've been up at some pretty lofty levels for multiple years now. I mean, that's gotta be helpful to a certain degree. But how does that happen with a, at one point we're operating the mine where gold was at 200 to 300 bucks, it shut down. Now you're at 2,000. How does something like that happen? Pretty remarkable that they were even operating at that price level. And now you guys have this asset with gold sitting at 2,000. Well, I mean, we're in a different environment or economic environment back then. Sure. You know, many were making good money at $400 an ounce. And today at $400 an ounce with the costs that we have, it'd be very, very difficult. Only a handful or so of mines could make money at that price. But you know, it was a time that was challenging for the operation back then when the price dipped below 300, as you pointed out. Today we have a gold price right now around 2,000. But $2,000 is a great gold price for Mount Todd. And we're very excited about that, about that. Yeah, it's pretty remarkable. And my personal opinion, I know I have my dad as well, but you know, gold has been consolidating for a while, man. And we might have some more room to the upside. Well, Fred, I appreciate the time as always and congrats to you and the team on securing that deal with Wheaton Precious Metals. And we look forward to more updates in the future as you guys come back with some of those data points that you guys are gonna use some of that capital for. So I appreciate it as always and we look forward to it, Fred. Very good. Thanks, have a great day. You as well. Folks, check it out. We're gonna trade under the symbol VGZ Vista Gold, as I said, they own Vista in the Gold Report right now. But yeah, that was a big deal. $20 million royalty with Wheaton. They get 1% of the gross numbers on that as they come out. And they're not a producer yet, but 1% of the gross number, they have 20 million and they're gonna be drilling some holes. And they have 3 million that they've secured so far. And so we'll see where they go from there. But pretty remarkable when you think about how that landscape has changed. Companies making money. When Gold at 400, different story right now, but we got Gold at 2,000 folks. 2,008, appreciate Fred coming on. Stay tuned, we got a half hour left in the program. We got the S&Ps down by 42, NASDAQ 100 off by 163, Dow off by 193. Stay tuned folks, we'll be right back.