Chet Holyoak: And Allen, I can just add that if the peso were to go from our budget of 17.5 up to 18.5, it has about a $2 million impact.
Allen Palmiere: So there’s a high degree of sensitivity, Jake.
Jacob Sekelsky: Okay. Yeah. That’s helpful. That’s helpful. And then just switching to exploration. Obviously, you announced some pretty strong results in December last year. It sounds like that drilling didn’t make it into the updated resource. So I guess do you feel you need to bring Gloria and the Three Sisters into a particular resource category before bringing them into the mine plan going forward or do you think internally you can get to a level of comfort to start accessing that material over the next year or two as you mentioned?
Allen Palmiere: I like that question, Jake, because what it doesn’t reflect the operational reality as opposed to trying to work within the constraints of an S-K 1300. We are — we already have developed some — the term is DSO, Deswik stope optimizer. So we’re already looking at developing mine plans for some of that material. As we drill it off hopefully by the end of the year, we will be able to incorporate some of that material into the mine plan for 2025. We won’t get there this year. We need more information. But 2025, I think there’s a very good chance that we will be incorporating some of that material into the 2025 mine plan as well as the life of mine plan.
Jacob Sekelsky: Got it. Okay. Perfect. That’s all for me. Thanks again.
Allen Palmiere: Thanks, Jake.
Operator: Your next question comes from Ron Gold with Heart (ph) of New York. Please go ahead.
Unidentified Participant: Hi. How are you? I was just wondering, last time, you mentioned that you would not do reverse split as we know it’s a kiss of death on any stock. However, at the price of $0.38, how do you propose to get the extension in order to maintain being on the NYSE?
Allen Palmiere: Well, we’re on the NYSE American. And to date, we’ve had no communication from the exchange about problem with our pricing. I will point out that we’re up 25% in the last five days, and that is largely thanks to gold price. And the other factor to keep in mind is we do have a strategic process underway. That process, while I don’t want to prejudge the outcome, could involve a merger of some sort. It could involve an outright sale of the company. It could result in almost any type of business combination. And that in itself, we would hope would give a fair amount of support to our stock price and address the issue that you’ve raised, Ron. Currently, we don’t have any plans, and we haven’t had any correspondence with the exchange.
Unidentified Participant: Right. Understood. The exchange would not notify you until the year expires. So I would assume by about next month or so, they’ll notify you of delisting unless you might be able to go for an extension. I’m not sure how that works. Would you — what would you do at that point if you did not achieve in incorporating what you just stated? What would you do at that point? Could you go for an extension or would you continue just to delist the stock to a different outcome?
Allen Palmiere: First alternative that’s available to us would obviously be to obtain an extension.
Unidentified Participant: Can you get an extension?
Allen Palmiere: I can’t answer that off the top of my head. I have not specifically explored that with legal counsel. So I’m sorry, but I will attempt to find out and revert to you — revert back to you.
Unidentified Participant: Great. Okay. What’s the second?
Allen Palmiere: I’m sorry.
Unidentified Participant: You said that’s the first. What’s the second…
Allen Palmiere: That’s assuming we are not involved in a transaction and we don’t have any other alternatives. So it’s status quo and exchange came to us and said they wanted to delist, we would look at an alternative trading platform, a different exchange.
Unidentified Participant: Right. So you would not do a reverse split, which would destroy everything that you have. So you wouldn’t even consider…
Allen Palmiere: No. I am very uncomfortable, and I mentioned this earlier. I’m very uncomfortable with the reverse split because they — I’ve yet to see one that does anything other than destroy value.
Unidentified Participant: Exactly. Okay. Thank you very much.
Allen Palmiere: That would not be — I’m speaking here without having Board approval of it, but I’m quite confident that the Board would agree with me in that it’s not a solution that we would want to pursue.
Unidentified Participant: Great. Okay. Wishing you good luck, hope things turn out the right way. Nice, talking to you.
Allen Palmiere: Thank you. I appreciate it.
Operator: There are no further questions at this time. I will now turn the call over to Allen Palmiere. Please go ahead.
