 Today I have the pleasure of speaking with Richard Brecciani from Arafura. How are you today Richard? I'm not bad Tracy, how's yourself? Well Richard this is extremely timely that we're speaking to you with all of the current conflict between the US and China and now with the Chinese conflict with the Canadians everyone's looking to Australia for magnet medals. Would you agree? I would agree. We're a very very stable country. We've been saying that for many many years now and I guess what we're seeing to seeing play out in the geopolitical sphere really begins to reinforce that fact. Well we just did a piece actually on how the US defense law has everyone also looking at Australia and of course it didn't hurt that your resource, your gold market is taken off so you've got investors around the world looking at you. Would you not say now is the time to be looking at a company like Arafura? I think it is. We're dealing in a sector that is really starting to grow. In the magnet space of course our rare earth is going to magnets. With all of the changes that are going on or continuing changes going on in the technology space we're very very well positioned to be able to feed that particular sector. As you know we're completing our definitive feasibility study and that will be out in the next couple of months I guess investors will really start to understand the value proposition that Arafura offers. And for those of you out there in investor intel land and you're going what are these rare earths? What are these metal magnets? I'll tell you what they are. They're currently controlled by the Chinese and especially with the processing aspect and of course Arafura is you know well on your way with your processing techniques. Is that correct? That's correct and just recently we put a statement out there that's told the market that our entire processing operation will be located in Australia. We're not mucking about with having it in multiple countries or anything like that. We really want to be able to focus our operations in Australia for stability purposes and actually I guess your hearers or your listeners will know about some of the some of the things that are playing out in Malaysia right now which really reinforces our decision to keep it all in Australia. Well I was trying to find a way to ask you about Linus so let me just ask you about Linus. We were all surprised to see that production had been shut down because aren't they the only other you know magnet material producer outside of China right now Richard? Of any size that's that's correct Tracy and I guess we were all pretty surprised to see the the decision out of the Malaysian authorities and and I think Linus were probably the first ones that were surprised but so were the rest of us and I guess that's done a couple of things. One it's it's it's started to curtail their production immediately they that already been looking for an increase in their production capacity that had to be given the okay by the authorities that didn't come so they've shut down for the last month we don't know what's going to happen in the future because they've been told they have to manage their waste more effectively moving forward there's a couple of deadlines they have to meet one in mid February one in mid September that may have the effect of a longer than anticipated shutdown which will have a quite a profound impact on the market considering that they're currently putting around five to five and a half thousand tons of NDP are into the market per annum. Well I've actually been surprised by how little media coverage this this has actually garnered especially with everything that's happening in the United States right now and in Canada with the Chinese and the negotiations having to do with trade so with regards to the current global you know I would argue shortage of rare earths are in particular neodymium and prosidium they talked us a little bit about when we might start seeing that as investors and shareholders start seeing maybe you know a spike for instance in stocks such as yours for instance. Well let's hope that it's not just a spike in our stock but something that that brings us up to a higher level for a prolonged period of time Tracy we've seen enough enough spikes in the past that in rare earths that have really scared a few investors away and we don't want to see that happen again but look I think with our definitive feasibility study coming out fairly soon investors will understand our investment proposition very very shortly I think they'll be quite comfortable with the results that we put out there and with the uncertainty sitting out there in in the market in terms of supply coming from Linus for example and also burgeoning demand from the customers of magnet manufacturers in Japan and China I guess there are very very bright days ahead for the NDPR space and in particular our if you're up so I think what we're basically trying to say here is that we've got a great opportunity right now with with your valuation for instance for savvy investors to be looking at the magnet material companies presently what are your thoughts I think it's a tie time that people came back into the sector we're probably not seeing enough of that at this point in time and we're riding off the back of lithium cobalt or the battery side of things and of course the motor in an electric vehicle is is what drives the vehicle along so really it's only a matter of time before investors begin to understand that investment in lithium and cobalt for batteries is exactly the same as investment in the permanent magnet sickness motor of an electric vehicle one needs the other so so an increase in one part of the sector should lead to an increase in the other I'll tell you it's a real pleasure to speak with you today thank you for joining us and you're welcome