Jason Ursaner: Hi. Thanks for taking the follow-up. I just wanted to try to follow-up on the HB just because there’s a lot of moving parts, make sure I understand. So Eddy Shaft project is the best way to think about that’s kind of like a stop at for this year’s evaporation production and then you have the initial brine pool for the IP30 well, the 330 million gallons, that’s a little bit of like a stop gap for kind of next year until you get the residence time from the injection to then get out to 2025 where you sort of have it all hitting at that point? And it’s kind of like a step up in the stop gap if that makes sense?
Robert Jornayvaz: Yes, that’s a great way to put it. We’re fortunate that the Eddy Shaft project turned out to be a little bit better than a stop gap, but IP30B will be in the heart of that brine pool of the best brine that’s been cooking there for several years since the original IP30 well failed three years ago. So that Brian has had significant residence time. We’ve tested it numerous times. We know it to be 10% brine grade. It’s the best brine that the company has, and there’s enough to pump it for at least 1.5 years, if not 2 years, which gives the other mines that are currently being flooded given our new pipeline. So let’s not forget, that we built an entire new pipeline system that’s already – the capital has been spent, so that we’re now reinjecting at much higher levels, filling up the mines.
So in 2024, it will be the first time in four years where we’re injecting significantly more than we’re withdrawing, which has very positive long-term benefits to your brine grades and the brine that’s available to you. So the investment has been made in the pipeline system. We just need to get well IP30B drilled successfully, which we’re doing as we speak. That literally creates a long-term pinwheel effect because we can pull from that brine pool for at least 18 months, if not two years. While everything else gains residence time, at the highest injection rate it’s seen since the inception of the mine.
Jason Ursaner: So the IP30 well, the operational life there’s obviously – that touches on a number of these different pools. So obviously, the short-term focus is this – and I apologize, it’s the initial brine pool that’s at a lower depth than the Eddy Shaft. Is it – I don’t know what you’re calling that one, but the initial pool. So after that, hopefully, then IP30 well is extracting from all of the other pools that you’re not tapping for the next year or so?
Robert Jornayvaz: No. Those all have successful operating extraction wells in existence and numerous wells in those other caverns. And so I would just ask that people go to our IR deck. We try to lay out all the different caverns, the wealth systems, and everything that’s there so that you can very easily see which wells and how many different injection and withdrawal wells that we currently have that are operating in great shape. It just gives all those other abandoned mines that are now flooded additional time for the brine grade to get higher because of residence time. And so we thought the best way to explain that to our stockholders is to give them maps so that they can literally look along as we speak to some of these more complex mining issues.
Jason Ursaner: And so just in that – I mean in the presentation, the Page 7, you’re talking about the Moab example. Because now you’re talking about 9 – I think it was 9% or higher on some of these pools. That’s like the higher end of the range of where, I guess, the brine – maximum of brine availability. Is that a similar – have you given a similar chart on the HB? Or is it just if you can get 9% brine rate, you’re going to have – assuming decent evaporation, you’re going to have great performance out of HB is kind of the easiest way to think about it?
Robert Jornayvaz: That’s the easiest way to think about it. And just to give you a perspective, the brine is actually 10% underground and to get it up through the pipeline, we have to dilute it because it’s so saturated in potash.
Jason Ursaner: Okay. Awesome. Thanks for taking the follow-up. Appreciate it.
Operator: This concludes the question-and-answer session. I would now like to turn the conference back over to Bob Jornayvaz for any closing remarks.
Robert Jornayvaz: Thank you, everyone, for your time today. We wish you a great week, and we really appreciate your interest in Intrepid. And we really look forward to the upcoming quarters. Thank you very much.
Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.
