Anthony Pettinari: Okay, that’s very helpful. I’ll turn it over.
Devin Stockfish: All right, thank you.
Operator: Thank you. Our next question comes from Paul Quinn with RBC Capital Markets. Please proceed with your question.
Paul Quinn: Yes, thanks very much. Good morning guys. Just wanted to follow-up on this Natural Climate Solutions and the carbon optionality that you’ve got. If you could — and I appreciate the extra color on the 30,000 credits that you expect in year one. What’s the size of the main project that the scope of it that you put forward? And then what’s the size of the two projects that you’ve got in the U.S. South?
Devin Stockfish: Yes. So we’re not providing the specific acreage really for a couple of reasons, Paul. First is — as we think about how we’re managing these carbon projects, we’re not just taking those acres out of production. We’re going to continue to generate timber revenues from those acres in addition to carbon. So it’s a little — we feel like it’s a little hard to put that in context just by throwing acres out there. So we’re not going to be providing acreages for these products — we’ll ultimately provide the number of credits and the revenues that we’re generating from the credits. And that’s how we’ll dimension that going forward.
Paul Quinn: Okay. Well, just trying to scale it from my side then. The 30,000 credits, is that equating to somewhere in the $500,000 to $600,000 range?
Devin Stockfish: Well, it depends on what you think pricing is going to be $30,000, yes, mid-20s is kind of a good way to think about it in terms of what we’ve seen lately in I think the quality of the credits we’re bringing to market are really going to be at the top of the range. So that’s how we’re thinking about it.
Paul Quinn: Okay. And then just lastly, just — is this 100% addition to your cash flow? Or is there an impact when you put these projects — the carbon projects forward, i.e., a severe impact on harvest in the area?
Devin Stockfish: Yes, there will be some. Now obviously, we’re picking areas which have economics where that’s supported by the carbon. But ultimately, if you’re going to get carbon credits, you are giving up some degree of volume. And so we’re going to pick regions where that margin is the lowest and where that offset makes the most sense. But yes, there will be some offsetting impact to timber revenues where we do carbon projects.
Paul Quinn: All right. Makes sense to me. Best of luck. Thanks.
Devin Stockfish: All right. Thank you.
Operator: Thank you. Our next question comes from Ketan Mamtora with BMO Capital Markets. Please proceed with your questions.
Ketan Mamtora: Thank you and good morning. First question, Devin, you talked about the order files in OSP, which are quite extended right now. Can you give us some sense of what the order files are like in engineered world and in lumber and how they compare for this time of the year versus historical average?
Devin Stockfish: Yes. Lumber order files are pretty normal. I mean, that’s in a couple of week time frame, one to two weeks, which is pretty typical, particularly for this time of year. The EWP order files are extended depending on the product out even beyond OSB. So they’re back to a place where they’re fairly lengthy order files.
Ketan Mamtora: Understood. Got you. And then coming back to wildfires. I mean, are your mills in Alberta back up to? I thought I heard you say that you all took some downtime at two of your three mills. Are they back up running kind of fully? Or are there some restrictions whether related to the log decks or anything else there?
Devin Stockfish: No, those mills are both back up running full, no ongoing issues there. The downtime was really just when the fire got close to the community, there were evacuation orders. So everybody had to leave town. But as soon as those evacuation orders were lifted, we were back at the mills, and they’re both back up running full.
