 Hey guys, how you doing? This is your boy Rich from Rich TV Live and you too can join the club at richpicksdaily.com where you can learn how to win and trade. Hi, how you doing today? I'm your host Rich here on behalf of Rich TV Live with our very special guest, the chief investment officer of Vox Royalty Spencer Cole. How you doing today Spencer? I'm fantastic Rich, how you doing? I'm doing fantastic, love having you on the show and I've got some questions for you but before we get into those questions why don't you just remind our listeners a little bit about Vox Royalties and how you guys are performed over the last year? Absolutely Rich. So Vox Royalty is a precious metals focused high growth mining royalty investment company and we were established eight years ago specifically for inflationary markets such as we find ourselves in today and in the last 12 months Vox was the best performing royalty company on all stock exchanges. So that's across our entire $70 billion industry Vox was the top performing stock last year. Congratulations on all your success. This is why we love to do these interviews to identify companies that are undervalued, underappreciated and under exposed. I know you guys had some big news. What was the significance of the operator update that Vox released earlier this week? Sure. So we announced to the market earlier this week, Rich that some key updates from five of our exciting royalty properties. So listeners who aren't that familiar with the royalty model may be surprised to hear every month our shareholders are just gifted with free news flow and free developments from the companies that are operating our royalty properties. So in the last month, five of our key properties have been advancing rapidly forward towards construction and production. One of the properties that view along gold mine in Western Australia, they just received some of their final permits. And so they're well on track to be moving into construction and production over the next 12 months. Another one of our key royalty properties that the Bowdoin silver project, which is actually the largest silver project in all of Australia. It has over 275 million million with an M ounces of silver in the ground. They just announced some of the highest grade drilling results they've ever announced. And they've hit so much high grade silver, they're actually looking at an underground expansion. So that's pretty exciting. And then one of our other key gold royalties in Nevada, which is operated by a company called Gold Standard Ventures, they're just in the final stages of completing a feasibility study and then looking to move the project into construction. So just a huge amount of positive developments on some of our key properties that will translate into substantial revenue growth for our shareholders over the coming quarters and years. Wow, congratulations on all of your success. And it seems like every time we speak with you guys, there's more big breaking news and more amazing projects. Now, speaking on some of the news that's coming out, your Sigil Ola gold royalty in Nigeria just started paying this week why is this not worthy? Sure. And so our Sigil Ola gold royalty was acquired rich back in 2020. So we acquired that gold royalty for about $900,000 and the significance of this milestone, as you mentioned of getting first royalty revenue earlier this week. It's really, when a royalty starts paying, that's obviously when you can take it to the bank and that's when you start harvesting those returns. But for this royalty investment in particular, we believe that based on the operator's guidance, Vox shareholders are likely to make five times on their money, their original investment over a matter of only three years. So to recoup five times your investment in three years on an investment, that's pretty attractive returns. If we could Frankenstein that and just clone that investment, we'd do that every week of the year. So pretty excited to start seeing cash flow flowing from that gold royalty. Wow, that seems like an incredible return for investors. And that is really exciting. How are royalty companies performing during these inflationary times? Yeah, it's a great question, Rich. I mean, I can tell you firsthand, I'm planning a wedding in California at the moment for later this year. And so if any unfortunate soul is getting hit with inflation, it's this guy, unfortunately, particularly when it's wedding costs only seem to be going up higher and higher. Anyway, I'll stop solving about my wedding costs. I guess royalty companies typically like significantly outperform during in high inflation periods. So as commodity prices rise, obviously the miners start to sell their underlying metal for more money. And given royalty companies such as Vox, we're typically getting a percentage of revenue. Likewise, our revenues start to increase. So investors get all that upside linked to inflation without any of the cost pressures that inflation typically creates for a miner. So inflation causes royalty companies their margins to expand because we're not paying operating costs to operate the mine. And so it's royalty companies are probably the single greatest yielding investment in high inflation periods. You get this huge multiplier effect as commodity prices increase. So that's been historically sort of well documented and we're certainly seeing that today as commodity prices continue to rise. So another reason why I ever believe everybody that is watching needs to put Vox royalties on their radar, on their watch list, V-O-X in Canada, V-O-X-C-F in America. And the next thing I was gonna ask you is, can you tell us a little bit about the ongoing industry consolidation in the royalty industry, including Gold Royalty Corp's Christmas Present Hostile bid for Elemental on December 20th. How does this impact Vox? Yeah, so it's a good way of phrasing it, Rich. A, you know, a hostile takeover bid launched on the 21st of December is always a little bit of a rude Christmas present for any company. Look, I think a lot of people in the mining industry have been talking about consolidation in the royalty industry for some time. And in the last 12 months alone, there's been three separate junior royalty companies that have been acquired. And then as you touched on a fourth one that has received a hostile takeover offer. So everyone's talking mergers and acquisitions in our industry. And you know, I think acquirers are looking for companies very similar to Vox. So companies that have huge growing cash flows, such as what we have, and companies that have a huge amount of upside linked to exploration success, similar to what we have with our 55 separate mining royalties. So, you know, we're, I guess, quietly confident that we're stacking up fairly high on a few different people's watch lists from a consolidation perspective. But I think the good thing for us is, you know, we're not forced to do any sort of transaction with anyone. If someone knocks on our door and makes us an unbelievable takeover offer, we'll obviously consider it, particularly because we as management, we own 15% of the company. So we're fully aligned with shareholders if that takeover offer does come a knocking. Now here, Rich, to be live, we love to kind of get a feel for what's coming. So what is coming up for Vox over the coming quarters? And what are the key catalysts to look out for for investors and shareholders? So, Rich, last year was already a complete record year for Vox in all the areas that matter. We had record revenues. We had record growth in terms of the number of producing royalty properties. We've gone from one producing royalty to five, and then that's set to increase organically from five to 10 over the coming 18 months. So a huge amount of growth that we've already delivered on and that is still yet to come. So as we look ahead over the coming quarters, we've got a huge number of really exciting milestones coming up. We've got three different operations that we have royalties over that we expect we moved into production later this year. We've got a number of different feasibility studies and engineering studies that are coming out over the next few months that will then help those projects move forward into production over the next two years. And then last year, we had record volumes of drilling that our partner operators paid for. We had over 170,000 meters of drilling. And this year, we think we may even crack 200,000 meters of partner funded drilling on our royalty properties, which means for Vox shareholders, more discoveries, more future potential mines and more future potential royalty revenue that drops through the bottom line. So in short, we think we're on track for a potential record year again in 2022, Rich. Wow, congratulations on all of your success in 2021. And we know that 2022 is stacking up to be a huge year. Thank you so much for joining us, the Chief Investment Officer, Spencer Cole of Vox Royalties. And I must remind everybody that Rich TV Live is strictly for information and education purposes. Please do your due diligence, do your research before you invest in anything we talk about or discuss here on Rich TV Live. In saying that, I still believe that this is a company that is greatly undervalued, under-appreciated and under-exposed. And thank you for joining us today and telling the world your story and why you believe this is a company that everyone should be aware of, the Chief Investment Officer. Thank you for joining us today, Spencer Cole. And I wish you the best of luck on your future wedding. Thanks a lot, Rich. It's been a pleasure being with you today. Hey, always a pleasure. Congratulations on all your success. And for those of you guys that are watching, if you're not winning, you're probably not watching, we bring you the winners and we bring them to you first. Put Vox Royalty on your radar, on your watch list, V-O-X in Canada, V-O-X-C-F in America. Thank you guys for watching. If you liked the video, smash the like button, comment down below, share the video everywhere and subscribe. This is Rich from Rich TV Live saying, have a nice day with the Chief Investment Officer, a Vox Royalty, Spencer Cole. We'll see you again soon, Spencer. And we'll see you guys soon. Have a nice day, everybody.