What is the internal discussion behind the company's tier one threshold and why is the company willing to walk away from advanced assets that many mid-tier miners would aggressively build or even operate?

Yeah, thanks for the question, Rob.

I mean, when we, When you're strategically looking at sort of portfolios needs, we were facing a declining production profile to the 2030s and sentiment being a single asset producer in a part of the world we're comfortable with, even though Egypt is quite different to, I mean, all of African countries are different and Egypt is different again to where we are in Tanzania and Ghana and Guinea.

But, I mean, I give a lot of credit to Martin Horgan, who's also been on this show a couple of times, along with Michael Stoner and the rest of the team at Sentiment.

I mean, they did an amazing sort of five-year turnaround under Martin's leadership of an asset that had been high-graded in the past, deprived of capital, and they really turned it around and set up a predictable, capitalized, stable operation.

And We started engaging on a potential discussion to bring that into a larger company which can continue to deploy capital without as much restrictions as a single asset producer and really advance a project, share technology through the company.

I mean, we have a large technical services group, for instance, that a single asset producer just doesn't have.

When you look at the data for a project that a geological team is deeply passionate about, what specific red flags tell you it's time to defund the project, fail fast and redeploy the capital elsewhere?

Terry, if I could start with you from your Anglo Gold perspective and from your own personal experience.

Yeah, this is a great question.

And, you know, let's be honest, there's rarely just a single issue.

I mean, if you look at the large scale, long since discovered copper gold projects from the Northern Cordillera in North America, down through the Andes in South America.

I mean, this includes Pebble, Donlan, KSM, Galore Creek, Resolution, La Colossa, Cascabel, La Granja, Michiquiay, Caspici, Takataka, Agrarica, Alhambra, Norte Alberto, Pascalama and several others.

And this is in times of record commodity prices and demand for metals.

They remain undeveloped.

Terry, from your point of view, from inside a major that has operations across exploration, brownfield growth, greenfield development, and based on what we've been saying, how do you decide what opportunities deserve management time and capital?