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On the second of O Cisco, I had the luxury of being part directly on stake in the ground initially in the urban Bery camp that we can see in this slide in here. And it is quite interesting to see that in Canada because of the great work that the geological work the Canadian Society of Georgia have been doing, there is major breaks that were done and we were able to stake this ground where windfall was discovered and where Osco end up selling recently of Cisco to Goldfield for over $2 billion. So this is the third time that we are starting a project that we are moving things along and that we will execute. So what is 03 is an asset meaning Maran that we have advanced every year, we started with 1.6 million ounces by today. After five years, we have 2.9 million ounces and we will continue to increase ounces as we continue to do exploration. This is an asset that has its merits by itself and it is very important to highlight them. Before I do that, I do wanna recognize a couple of things. One, the fact that O Cisco will be replaced by gold fields as of the 25th of October and two, that this is one of the few projects where management actually holds its own equity between my family and I, we have 6.3% of the company that was bought in the different financings. Since we started, we have a company with an enterprise value of $73 million. More importantly with cash and equivalents of almost $48 million. We do believe in gold and we are at the gold forum. So I guess you guys believe as well. So I don't have to explain you why this asset can just get better on the on the back of what gold will do. So what is this asset? This asset Marvin has a previous study done in October of 2022. So only a year and something we have a NPV at $2400 per ounce of a billion dollars with less than two years of payback. And if gold continues to run, then this will be better. Also interestingly enough, this only takes 10 years of production. As of today, we have another asset within our assets called Malartic Age, which is right in here for a second that has another 320,000 ounces. And in the case of Malartic Age, we will also be moving that ore from here to here, which is Marvin. Now, this asset has a couple of particularities that is very important to understand in valor. And that makes this a very unique asset. The first thing is that it's a stand alone asset. And I think I cover that by saying that this is a $1 billion asset N PV and less than two years to pay back. But another interesting part is what is happening in the region. We have West O is a major company in the area. We have El Dorados, another major company in the area and we have Agnico with two mines, the gold X mine and the Malartic mine. And with regards to Canadian Malartic mine has been very, they have been very open including their comr stating that they will be looking for alternatives for their mill, which is only 12 kilometers from where we are. And the important thing is that they will be transitioning from an open pit to an underground. What that means is that instead of them processing what they're processing today, 60,000 tons per day. Based on their public information, they will be processing 20,000 tons per day, which means that they will have an excess of capacity of 40,000 tons per day, which means that they can process the ore of other participants in the area. If we assume for a second, that that is an opportunity, then we will come to a conclusion that these topics, which includes a mill and includes the tailings and that is worth $200 million will be reduced pretty much in half. That makes this project even better, not only good but even better. And that is part of what we need to understand in this particular asset. It is a good asset that has right now, a profitability ratio of around 1.4 depending on the goal price we use. And that can go higher, of course to levels of probably around two. If we are able to use the 12 million. Now in the area, there is also other alternatives that you know, no studies has been done but other companies are around and can be possibly part of the solution. Why? Because one thing is very unique about Valdor, there is a railroad that communicates everyone. So whatever you can put a mill, the railroad can help you. It can be Malartic. Yes, for sure. But there is also La Ma if they increase their, their capacity or it could be probe that is here that they might be the one build a mill. So alternatives for this asset are many, of course, we're looking into what we control and what we control is our own assets. So we're based in this in a stand alone project or shipping this to the article and those are the alternatives we have been evaluating. So what we, what will be the profile of a stand alone project, we will be generating around 100 and 60,000 ounces per year for 10 years. As we explained, we have added more ounces. So possibly there's a couple more years there and we will be generating around 100 and 40 100 and $50 million in terms of Abida, which makes this asset pretty unique. We have advanced now on what we said, which was essentially a preliminary economic assessment. We did the pre feasibility by 2022 and we will begin and hopefully conclude by 2025 our feasibility study, we are fully financed to go to the end of permitting. We believe that permitting is what has made a difference between ski a or Cisco and Artemis and that's the way we wanna improve and move our project forward. Move towards permitting. We will continue to do what we love to do, which is to do exploration and to find deposits. We believe that in this area of Casa Vardi, we have a very unique opportunity. Why? Because we see the same bimodal volcanism that I saw when we ST windfall. And I truly believe that there is an opportunity here to be exploited. There are some holes from the 19 eighties that shows 4 m of 8 g 1 m of 21 g that will be followed up. You don't need to be a geologist to realize that if there is a cortical structure and there is already drilling that shows you that there is mineralization. This will only need to be followed up. And from that point on, we'll see if we are lucky enough, we will be system systematic. We'll be very hard working and then we'll just wait for, for the right things to happen. So what we will see, we will see our development in Casa Verard. We will see our feasibility study. We will see a new resource as well that includes everything during Malartic age towards the feasibility. And we will continue to evaluate on synergies with that. It seems that this story is very simple. We have a lot of time for questions. Thank you. It's very efficient. Thank you. Any questions from the room? Ok. So last couple of words, we have the team, we have the money, we have a plan and we will execute. Thank you. Fantastic. Thanks Jose. Good up next. We've got John Gilligan, who's President and Chief operating Officer of Liberty, Gold Corp, Liberty of the Black Pine as.
