Joseph Reagor: Okay. Thanks. I appreciate the color. I’ll turn it over.
Operator: [Operator Instructions] Next question is from Reed Rubin from — sorry he is a private investor. Please ask your question.
Unidentified Analyst : Mark, Niger, produced 5% of uranium worldwide. And the mine is owned by a French company. Do you have any intelligence as to what might break there?
Mark Chalmers: Look, I mean, they’re certainly unrest. Coup going on in Niger, it does — it’s a country that has a long history of uranium production Reed. And — but I really don’t — I am not close enough to the coal face there to figure out where that’s going. But it does highlight a number of things, doesn’t it, that when you look at where the uranium comes from around the world, place like Niger and Russia, Kazakhstan, Uzbekistan, there’s risk in a lot of these developing countries. So yes, I don’t have any real optics. I mean I’ve been reading some of the releases from like Global Atomic and others. But I don’t have a crystal ball on where that’s going.
Unidentified Analyst : Any implication in today’s pricing?
Mark Chalmers: You say any implications on current prices? Is that what you’re saying?
Unidentified Analyst : Yes, sir. Yes.
Mark Chalmers: Yes. Well, I think that whenever you look at — historically, if you look at the uranium market, when the price starts to move, it usually isn’t any one thing. I mean, if you go back to 2005 and ’06, we had a number of floods in Athabasca had some flooding in at the Ranger mine in Australia. And so a lot of times, a number of these things working in concert really can move the price. Now I think that a number of things that are likely to move the price is, one, the price is too low for replacing uranium at current prices. You got the increasing demand, you got reactors staying online, you’ve got Japan firing up. And then you have something like Niger, putting a bit of a red flag over that country. And I think when you start looking at these things in concert, it has the potential to really move the price where it should be, which is at 70 or north of 70 to get additional new production coming to the market, cost roughly.
Unidentified Analyst : Thank you very much, sir.
Mark Chalmers: Thank you, Reed.
Operator: Thank you. There are no further questions at this time. Please proceed, sir.
Mark Chalmers: All right. Well, firstly, again, thank you for your interest in Energy Fuels, it is a unique story, as I said earlier. We’re working hard, we’re working really hard as a company, we’re working well as a company, and we have got what I believe is an extraordinary future. It’s difficult out there to actually deliver new production in our company as a company that delivers new production. We’re not a promotional company and we’re trying to build these fundamentals on something that will basically capitalize on the clean energy tech going forward and the energy transition. And I think we’re well on our way and — but I do appreciate our shareholders and the support of our shareholders. So thank you very much, and have a good day.
Operator: Thank you. Ladies and gentlemen, the conference has now ended. Thank you all for joining. You may all disconnect.
