Don DeMarco: Thank you, operator and good morning Thomas and Greg. First question is, Greg, I heard you talk about the size of the mineralization. Its impressive strike of eight kilometers over, which only the resource – current resource only covers just a little more than three kilometers. To what extent have you tested the balance of that eight kilometer mineralized trend?
Greg Lang: Well, it’s – we’ve got ore-grade intercepts are really all up and down the trend, and we’ll follow up as appropriate. And there’s a slides and we can locate one of the older slides in our – on our web page for you that shows where the potential is along strike. But I think the potential in the near term is really what we see at depth, primarily in the Lewis deposit. Some of our drilling from two seasons ago and encountered great grades of mineralization, well below the bottom of the known pit. So, I think the best potential is in the near term is expand the existing pits and then move out a long strike in other areas of the client [ph] bond.
Don DeMarco: Okay. Thank you. And so if you were to drill and increase your resource in Donlin at depth or long strike by a measurable amount, would the incremental ounces simply be added to the end of the mine life? Or could this change the development approach as you see it now?
Greg Lang: It’s probably a little too soon to answer that question. I mean it could do both. It could increase the – certainly, it will extend the mine life. And then at some stage, the owners would discuss the merits of building a larger facility. So, I think we’ve just got to get our arms around and quantify the potential and then address the issue that you raised.
Don DeMarco: Okay. Thank you. And just as a final question then. Do you have a process for reaching consensus or settling any strategic differences of opinion with your partner?
Greg Lang: We maintain an ongoing dialogue. And we’ve – a its 50-50 partnership a bit like a marriage. It’s a little give and take, and I think and we’ve always been a successful in the past, and I think we’ll get there at the end of this year.
Don DeMarco: Okay. That’s great. Well, thanks so much and good luck in 2024. Appreciate it.
Greg Lang: Thank you.
Melanie Hennessey: We have two questions from the webcast. Some of them have been answered. Maybe, Greg, if you could speak to the NG trading below the NAV and if that’s a worry on CapEx or future dilution, that would be great.
Greg Lang: Well, I’ll start with that question and probably lateral it to Tom. I mean we’re all disappointed when the share price underperformed especially for no apparent leasing. But our share price really doesn’t – we’ve got a strong treasury. We’ve got a pretty solid work plan ahead of us this year. And the share price really is not directly connected to the future capital for Donlin project. Tom, anything you want to add to that?
Thomas Kaplan: Sure. I’m not worried about dilution. We have a strong treasury. You have a management team, which has evidenced with our red lines. That we’re only going to spend capital that we believe is being properly spent, by the way, as to the previous question, I wanted to drill the entire district for 15 years. I do not believe that Barrick had that same sense of interest from the time that you have to remember, they launched a hostile takeover in 2006, a couple of years before we became a shareholder. And Barrick’s intention was put 10 drill rigs on the project. And although this is a forward-looking statement of some sort, I’m sure. So please disregard it. I genuinely believe that there’s 100 million ounces there, a long strike to depth and with other targets.
And even my friends at Barrick will acknowledge that I’ve made my 100xs through the drill bit, silver, platinum, those were all exploration, energy, complete grassroots exploration. I surround myself with great geologists. And the geologist who’s made some of my biggest discoveries for our team, he’s 100 million ounces at Donlin. And he’s always been right, when it comes to these things, and he’s a brand name in the geology industry. So, I would love to drill more. I just want to make sure that – and the Board wants to make sure, we are united on this, so you understand. We’re completely united on you drill when it adds value. The ore body is, the ore body as it exists today is what it is. And we think it’s fantastic. We don’t need to squander our social license, perhaps in combination with moving to feasibility and Barrick talking about the asset the way we do.
Sure, we’re open. This isn’t personal. This is strictly business. And as Greg said, using constant contact with Barrick on multiple levels. It’s not hostile, but we have to keep faith with who we are. What credibility do I have when I say I’m going to do everything within my power to preserve the company’s profile, raise its share price, husband its treasury, which gives us years? And by the way, the challenge that we have – is that it’s not about dilution, it’s not about any of that stuff, the challenge that we have is that we’re so undervalued relative to what the real value is in the market that someone could get the wrong idea and think that they can get hold of us. 50% or 100% ownership, whatever it is of Donlin is accretive to every mining company in the world at this point, accretive on every metric, reserves, grade, production profile.
