Paul Brink: Again, our focus is on precious metal. We would love to do as much precious metal as we can and as much gold as we can in the portfolio. But as we have always said, we recognize that the business is cyclical and there are times where it’s better to invest in other commodities. And also, there are some great ore bodies that are in other commodities. And if we can get exposure to it, we would do it. We have €“ last year, we are up to roughly 30% diversified. It’s not the target, but if there were great assets that we needed to bring onboard that were diversified and we are at that level, we are comfortable with that.
Lawson Winder: Fantastic. Thanks very much Paul.
Operator: Next question comes from Tanya Jakusconek of Scotiabank. Please go ahead.
Tanya Jakusconek: Good morning everyone. Can you hear me?
Paul Brink: Coming through clearly, Tanya.
Tanya Jakusconek: Okay. Great. Thank you for taking my questions. So, the first one maybe just to finish off with Sandip if I could, on the €“ just looking at the year, Sandip, you mentioned Q1 is going to be weaker on Cobre Panama because of the shipment coming through 20% of that annual production. Any other assets within the portfolio that are going to be weighted either way to first, second, third that we should think about as we go through the year?
Sandip Rana: Cobre Panama is probably the largest. Antapaccay was shut down for about 11 days earlier in January because of some protests. It’s up and running, normal operations right now. So, that’s had a little bit of impact on production. Other than that top of mind, I don’t really think there is much more. On Vale, we have always guided that production is usually less in the first six months of the year versus the second six months. It’s usually like 45-55. So, you can take that into consideration. But other than that, everything else is operating as expected. Stillwater, Stillwater had an incident at Stillwater West. So, that section of the mine is shutdown for four weeks. So, that will impact the royalty there a little bit for Q1 as well.
Tanya Jakusconek: No, I appreciate that. And then just looking at your 2027 guidance and appreciate was a bit higher than our expectations. But I really think it was down to two assets that we may differ on. So, I just wanted to review Stibnite and the Rosemont/Copper World. Can you just give me an idea in your 2027 number, walk, I mean Stibnite would be about 8,000 GEOs. And I just wondered on the Rosemont/Copper World, what you have there. We are a bit more conservative in production starting later. So, I just wondered what you have there for that asset?
Sandip Rana: Yes. I would have to check the detail, Tanya. I can get back to you separately on that one.
Tanya Jakusconek: Okay. Great. Thank you for that. And then just lastly on transactions, and thank you for the color on looking at both project development, both on precious metal and also on byproduct credits from other producers. Just wanted to ask what your appetite is right now given that 70-30 precious metals to non-precious metals? What is your appetite for non-gold deals? And what does lithium fit into your transaction, if at all?
