 Our major gold producers paying much more attention to the juniors now joining us today at the Precious Metal Summit is Brett Cook of exploration insights Brett welcome back to the show glad to be here again So are the majors standing up taking notice of the juniors more so now? I think so. I think the one big change. I've seen this year has been the major companies are starting to put a lot more Money into the juniors either by financings or joint ventures I mean I think by mid-year they'd put about 300 million into the juniors That's a lot of money in the juniors, and we just saw Kirk and Lake put 56 million into Novo gold we saw Ariana or Arion right get a bunch of money So there's a desire for new projects new stuff right is that's what the main? Exactly in house They're not finding enough in-house to replace what they're mining and that and to look in five ten years down the road Which is the timeline to build a mine? They need to come in and start finding it now So they're looking at the qualified excellent juniors and putting money into the so is now the time to get into the juniors Is this a bye-bye bye time? Cautiously It's always cautiously, but yeah, I think so I think That's what I'm here for is looking for the few companies few guys that have got something that looks good Well, look, I see you you're being pitched constantly thousands of companies here so many projects to kind of sift through So how do you choose? I'm looking Joe and I's thesis at exploration insights is We want to buy a company that is eventually going to be bought out by a major So we're looking at it as a major mining company to look at a junior We want a big district scale project. We want a big system. It's capable of producing multi-million ounces over time We want grade high margin That sort of thing and so when I'm meeting with a company the first thing I want to know is okay Determined did these guys have a sense of what they're looking for what it really looks like? What's what's the hurdle they need to break kind of what's the first question you asked these guys? Well first is market cap and then I want to know Conceptually what they need to find To be important and that comes down and to know that answer you need to know tons grade Cap X metallurgy all those questions you have to have in the back here You have to know the answer to where you can't understand the results at the same time Are you paying attention to the price of gold? I? Look at it every day, but I don't really doesn't impact your decision whatsoever. No, I think more important right now is Recognizing that the major mining companies need to replace their reserves, and I don't care what the gold price or zinc price is They need to replace those reserves So if I can own the company that finds the highest margin deposit, I don't care Brett cook. Thank you so much for your thoughts today. Thank you And thanks for watching our coverage here from the precious metal summit will have much more for you on Kiko comm Thanks, Brett