Cosmos Chiu: Maybe switching gears a little bit on Skouries. As you talked about, there’s a number of contracts that will be finalized in Q3. I guess my question is twofold. Number one, it seems like there’s still some earthworks to be done, some concrete to be poured. Like the crusher, the foundation with a crusher, I seem to remember, that it’s already half built. And so I just want to make sure that some of this, earthworks and concrete floors and major contracts are, in addition to, what’s been done in the past. And indeed, Skouries is more than half built, from what my understanding. And number two, I guess you’re talking, there’s an update coming up in terms of the budget control versus the feasibility study. Clearly, you might not be able to tell us too much today, but overall — are you seeing costs, sort of evading overall cost pressures or baiting in terms of inflationary pressures.
And how is it, negotiating with these contractors, this time around versus the last go around at it when you last built Skouries over five years ago.
Joe Dick: Cosmos, this is Joe, I’ll take your question. So, the first part is Greece outfield. So, the process planned is well advanced. So in the process plant, concrete is poured, structural steel was up and all major equipment is set. There are additional pieces of or motors, gearboxes, other things to go in. They are all procured and laid down at Skouries. The major works for the plant include piping, electrical and instrumentation associated with the plant, the primary crusher has to be the foundation of how it has to be built and the crusher set — we think the crusher is on site and didn’t lay down. So, that kind of summarizes the plan. So it is roughly 65%, 70% complete. The major works in addition to the plant include the filter plant.
So, from prior construction to now, we have modified the project to go from conventional Skouries tailings to dry stack requiring a filter plant. So the filter plant has been procured and the construction from the foundation up through setting up the equipment needs to occur. The dry stack tailings itself the facility for storage of dry stack tailings need to be constructed, which basically is an embankment pre-strip to the pit needs to be completed which will feed that embankment. And there are, water treatment plant axillary facilities and a few other things. So characterizing it as half built overall probably in the range of 40% complete on a total basis at this point. And as we looked at updating forecasts or budgets, Cosmos you recall the feasibility study estimate was completed in December of 2021.
And, you know, we felt as though we were in good position, having already matured the or put in early procurement in for the filter plant. We had most of the other equipment already laid down. So we felt like we’re pretty insulated from inflationary pressures. And that remains true today but that is 18 months old, there have been other things that are impacted. And that’s primarily labor, and bulk purchase of pipe, cable, that kind of thing, which is happening now. So we would anticipate kind of the normal inflationary pressures that others have seen that period 2021 to now. And that covers everything, labor from engineering through completion of project. So I mean to summarize all of that. Yes, we feel really good the plant is well-advanced.
