Paul Rollinson: Yeah, that’s right. Maybe I’ll start, Will, you can jump in if you’d like. Yes, that’s correct. I mean, the reason we’re going again with the PEA is it does allow us to include inferred. The reason we want to include inferred is it allows us to give you some visibility of the underground. So that’s the key rationale. But obviously on the other side of the equation, we’re limited with what we’ve been able to drill in the last two years. As you said, the total of all of that, M&I is about 6. And with any contained resource, we’re going to have a percentage of that, that gets put into our mine planning at this point in time. And we — I think on the call, we said a subset, but really it’s most of that. And Will, maybe you can elaborate, but I think Tanya is exactly on them.
William Dunford: Yes, we don’t know the exact number, but clearly based on your question, you understand that not you know, there’s going to be some areas on the periphery of the current drilling in the resource that we need to drill further and expand before it pulls into a mine plant and justifies continuation of the ramp. So it will be that subset as Paul noted that is most of the ounces. We’re still doing the work and obviously when we release the PEA, you’ll get the idea of exactly how many ounces are going to be in there, but it will be most what you’ve seen on the resource statement.
Tanya Jakusconek: Okay, now I got that like so probably more than 5 to support a 10-year mine life at that 500,000 ounces open pit underground.
William Dunford: Again, still doing the work.
Tanya Jakusconek: Okay, great. Thank you for that. And maybe if I could ask Claude to just comment on the — you had good costs in Q1. Can you just go through your input costs and just remind me where you’re seeing maybe some easing and inflationary pressures or where things are still sticky to your cost profile, so I can try and gauge obviously high bull price impact your royalties. I mean, aside from that, all of the other inputs, labor, consumables, fuel, et cetera, where you’re seeing some easing and where you’re seeing some sticky inflation pressures?
William Dunford: I think so, I’ll start off, Tanya, with labor across the board is relatively flat relative to last year. We have some longer term agreements with different employee groups for the next two to three years. Where we’re seeing a little bit of pressure, the commodities are kind of split. For some strange reason, the lime across the board has increased, but there’s easing on metal prices like for ground [Indiscernible]. Explosives have come back down a little bit, which is great given the challenges of Ukraine. But so over the across the board, our quantities are relatively flat, except for this anomaly of lime. And then power costs are relatively flat other than in Alaska, where we’re seeing a significant pressure on power costs. Again, because those plants are carbon-generated plants and the state is increasing the cost there.
Andrea Freeborough: I think overall, Tanya. Overall, Tanya I would just add we talked about sort of a 3% to 5% inflation factor over our average cost for 2023 and you know that’s still standard this year today, but early in the year.
Tanya Jakusconek: Yes and maybe just on finite, some companies are seeing pressure on finite pricing. Are you seeing that as well?
William Dunford: So for the most of our portfolio we have some long-term deals that we’re really capitalizing on, but other than that it’s relatively flat quarter-over-quarter.
Tanya Jakusconek: Okay, well that’s good to hear. So at least we’re not going up. And then my final question, if I can, to Paul, elections in Mauritania are coming up. Can you just talk a little bit about what you’re hearing and if any impacts to your agreement in place, royalties, taxation, et cetera, that would be helpful given, you know, everything else going on around the world?
Paul Rollinson: Sure. Well, I’d start by saying our government relations in Mauritania are outstanding, right? President, Ghazouani is running for reelection. His platform previously and continues to be around strengthening the economy, increasing foreign investment, and we’ve had really good interactions with him. So, again, I think given the state of play, I don’t want to get into predicting election outcomes, but I think it should be a relatively straightforward process and President Ghazouani garners a lot of support in the country. We’ve had no indications or no suggestions that’s changing anything to do with our taxes or royalties. I would say that we are this year 2024 going to be any income tax payable position. And I think that’s ironically, I think that’s, I welcome that.
I — as a, you know, being a foreign investor in the company, we’ve had a lot of capital, a lot of shelter over the years as we’ve been expanding, but with gold prices where they are today, we’re about to stop paying income tax. So things are going really well in Mauritania at the mine with the government, and I believe the election should be relatively straightforward.
Tanya Jakusconek: Yes and I think you have a sliding royalty right if I can remember correctly, so they participate on the upside.
Paul Rollinson: Correct exactly.
Tanya Jakusconek: Okay that’s great. Thank you so much for taking my questions, and congrats on a good quarter.
Paul Rollinson: Tanya.
Tanya Jakusconek: Thank you.
Operator: As there are no further questions at this time, this concludes our Q&A session. I would like to turn the call over back to Paul for a brief closing remarks.
Paul Rollinson: Thanks, operator. Thank you everyone for calling in and we look forward to chatting up with you in person in the coming weeks and months. Thanks.
Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.
