Lawson Winder: Okay, fantastic. And since you touched on M&A, I might follow up and just ask for a little bit more clarification on your latest thinking. I mean, it sounds like it’s largely in line to what you said before, but in terms of timeline, what does it look like for you at this point? At what time you might be able to transact on a copper acquisition? And then maybe on some of the details, just update us on your thinking in terms of, are you looking at corporate versus assets M&A producing versus development? And there’s been a lot of interesting copper M&A in the past year, both at the asset and in corporate level, I mean, with your work, what are you seeing in terms of valuation? Are you seeing valuations that make sense?
Ignacio Rosado: Yes, — I mean, valuation — I mean, products are always expensive in good times and in bad times, they are always expensive. I guess we are in a niche and I guess the project that we look for are in terms of copper, the size of 50,000 tons. It might have some only metallic zinc and lead as well. And that put us on the radar of $600 million to $800 million. This is below the radar of most big mining companies that we understand that. And I would say that the opportunities that we are looking for — we are flexible on corporate or at an asset level, we are flexible on that. I would say that we are more focused on understanding the potential assets that we will acquire and we are trying to bring — or the priorities around brownfield projects close to production, all projects that are starting production.
And they need some experience to unlock more value for them. There are — there are not that many projects of that, but they are. And I would say that given that this expertise that we have, these are the ones that we are looking for. Having said that, because of this investment and because of our leverage, our shareholders are conservative, our Board is conservative. So, I would say we have to finish first Aripuanã. We have to approve Cerro Pasco that is coming this year. We have to execute Cerro Pasco and in parallel, while bringing the cash flow, will hopefully assess or bring some of these opportunities that we are assessing and announce an acquisition of some copper, zinc advanced projects, that’s more in where we are.
Lawson Winder: Okay, fantastic. Thank you so much.
Operator: Thank you. At this time to handle questions brought up through the webcast, I will turn the conference over to Rodrigo Cammarosano, Nexa’s Head of IR. Rodrigo, please go ahead.
Rodrigo Cammarosano: Thank you. Operator. We have two questions from the webcast. The first one is from Hernan Kisluk from MetLife. And we also have another question from Alina Seppä from Evli Fund Management Company. So those questions are pretty much the same, and those have been already answered by Jose Carlos. They are related to the leverage and the dividend payment. So I believe that those questions have also already been addressed. And we don’t have any other questions. So I will turn the call over to Ignacio for his final remarks.
Ignacio Rosado: Okay, thank you very much, Rodrigo. Thank you very much for everyone for attending the call. We expect to — we look forward to speak to you in the next quarter. Just wanted to say that we are very committed on our safety program. This is difficult times for us because we had two fatalities in two months and this never happened to us. So, we are very focused on making sure that the system that we have that is a good system has to be reinforced. And we have to make sure that all of our people understand that safety is our main value. And we will dedicate a lot of time on that. We are also working very hard on making sure that Aripuanã finally is at the end of the ramp-up. Cerro Pasco is clear for us. We can approve it today, but we want to make sure that we first start finish Aripuanã, and then we are working always on achieving guidance on costs, on optimization, on CapEx, and on production to have a stable product.
It’s a simple strategy, but it’s a day-to-day strategy that we have to build. So we hopefully can show you that during the second quarter at the end of the second quarter. Thank you very much for attending and have a good day.
Operator: And the conference has now concluded. Thank you for attending today’s presentation. You may now disconnect and have a great day.
