So yeah, what can you tell me about that?

Sure.

So I started off by saying in some cases it's somewhat justified in the sense this space is so opaque and confidential because basically mining companies won't, you know, if you want to be an investor in a Canadian mining company and you go ask them, hey, do you have an IBA with this nation? They'll say yes.

You'll be like, okay, what are the terms? I can't tell you.

So it's all confidential.

So that does make some of the benchmarking a bit hard for these nations, or sorry, for these mining companies to understand what let's say the modern payment terms are.

But one thing some of them maybe do wrong is they don't put enough time or effort ahead of the IBA negotiation into understanding as best they can what various nations are getting across the country.

But so, yeah, what do you make of that? How's that looking? What's the timeline on that? Are they going to find someone to finance this thing? What does that look like?

Uh, give us an overview.

Sure.

So, uh, all the, all the royalties in the company are through the impact and benefit agreements from the Nisga'a Nation, our largest shareholder.

They've vended those into the company in exchange for shares in order to start it out, and that's what makes them a 72% shareholder, because they took stock for that.

And we're Canada's first and largest majority indigenous-owned public company.

So there's literally thousands of stocks in Canada.

There's one that's majority indigenous-owned.

We're in the business of, of pooling indigenous royalties, so if indigenous groups decide that that is not what they want, they don't wanna be a part of that, that's the number one, one issue for me.

uh give us an overview

sure so all the all the royalties in the company are through the impact and benefit agreements from the nishka nation our largest shareholder they vended those into the company in exchange for shares in order to start it out and that's what makes them a 72 shareholder because they took stock for that and we're canada's first and largest majority indigenous owned public company so there's literally thousands of stocks in canada there's one that's majority indigenous owned And the first asset, the impact benefit agreement in the company is on Bruce Jack.

High-grade underground gold mine owned by Newmont makes about 200,000 ounces a year.

We get paid a percentage of BC mineral tax each year at that asset.

The next asset would be the Premier and Red Mountain mine.

It's kind of two side-by-side deposits.

You can think of it as one operation that's owned by Cambria Gold.

So if Indigenous groups decide that that is not what they want, they don't want to be a part of that, that's the number one issue for me.