Elijio Serrano: So we expect EBITDA ’23 to be above ’24. We expect capital expenditures to be lower ’23 versus ’22. While we will be pleased to see a spike in yearend activity, like the end of 2020, like we saw at the end of ’22. We don’t think that’s going to happen. So we think working capital will be neutral, worst case, positive best case. So we expect that we will be strongly free cash flow positive in 2023.
Tim Moore: Yes. That’s helpful. And you reported the volume potential for the bromine project compared to your long terms apply. It was nice to see that it was 45% to 50% more. Can you give us any rough set sense of maybe how much lower your cost of bromine could be after the project’s done, I don’t know, a year out after it’s proficient and operating well, compared to your supply now. I mean, we talking like a 30% savings.
Brady Murphy: Yes Tim. We — for competitive reasons, we’re not giving the specifics on that. Hopefully, you can tell from the financial information that we included in our economic assessment what the profitability of the project could be if we’re successful. But we’re not giving specific details on bromine costs or purchase prices that pay.
Tim Moore: Understood. I had to try. But I heard your comments earlier. has mentioned, maybe I misunderstood that did you expect to spend 5 million more for kind of a second stage drilling and any sense of maybe what your exploration pre-development cost could be this year, and I believe they were 6.6 million last year.
Elijio Serrano: So we’re going to drill an exploration well, that’s probably going to run into $2.5 million to $3 million range. But we have some other efforts that we plan to kick off this year, potentially a pre feasibility study, some additional engineering that is accounted for in our full budget for this year for our consultant. Our intention is really to ensure we get to an indicated resource report. We’ve got one well plan for that. And we’re hopeful that that will be enough information to get us to an indicated resource report. But until we drill that well and get the results there could always be another well, we may have to get that to finally get there. But that’s our expectations.
Tim Moore: That’s helpful. Thanks for that color. And I’m just curious on how’s that new automated drill out technology going and when do you think maybe those sales could be material figure? Do they kick in more spring or summer?
Elijio Serrano: Yes. We actually have a lot of interest in that unit. We, at this point, because of the capital associated with a term, we’re probably only going to do take or pay for long term contracts for that unit we are in discussions with several operators in that regard. But that’s an area we’re going to be ensuring we have long term commitments before we start putting additional capital into it. And we think we’ll get there. But those are ongoing discussions.
Tim Moore: That’s helpful. And then just lastly, my last question is on the desalination and produce water. I’m always curious about this. I’ve got a two part question. Is there any update on the regulatory agencies review and possible approval timing and then it also sounds like you’ve learned a few things, doing that pilot. Just wondering if you can elaborate on that you refine the membrane sizes for pretreatment, or do any tiny tweaks that are showing better efficiency?
