Hello, everyone. Thanks for being here. My name is Michael Pettingell, CEO of Vizsla Royalties. Before we begin, I want to acknowledge a tragic security incident that recently occurred involving members of the Vizsla Silver team. Our thoughts are with the families, colleagues, and communities affected by this loss. It has been a very difficult time for everyone connected to the company. Safety and security remain to be the highest priority. Now, because this is an active situation and out of respect for those involved, we won't speculate on details today. Updates will be provided by Vizsla Silver through official company channels as appropriate. Now, with that said, we felt it was still important to participate in this conference and provide stakeholders with an update on the company. With that, I'll begin with a brief overview of where the business stands today. The opportunity here has not changed. It's a tier one silver/gold royalty on arguably the world's largest, highest grade undeveloped silver primary resource being Vizsla Silver's flagship Panuco project. The investment thesis is threefold. You've got project development upside through expansion of the economics associated with the 2025 feasibility study. You've got tremendous amounts of exploration upside, where only a small portion of the broader district known mineralization has been explored and put into a mine plan. The timing here, given the scarcity of these tier one silver primary assets, in the current commodity price environment, makes it a clear standout. Of course, furthermore, the recent precedent transactions in the royalty space support significant re-rate potential beyond the project development upside and of course, the exploration upside that exists. Now, the principal assets here, we have a significant royalty NSR exposure covering the contiguous original Panuco district, so almost 7,000 ha of ground here. You can see on the slide the light green concessions, those are a 3.5% NSR, and that covers roughly 95% of the feasibility mine plan. The remaining dark green concessions, that represents a 2% NSR. When you actually look at that production profile and the mine plan and you know do the weighted average, it represents about a 3% of the production that you see here. 20 million ounces per year for the first five years, scaling down to about 17.5 million ounces the initial life of this project. That represents only 162 million ounces total. At the broader resource base that Vizsla Silver has delineated at the Panuco project, it stands at over 360 million ounces. Again, only 162 go into that mine plan. Now, these ounces that are not in the mine plan, they're not low grade, they're not stranded, they just don't currently have that drill density required to bring them into an economic study. All of that will continue to be converted, of course, even before Vizsla Silver enters production. Now, when we look at the development timeline, the timelines have not changed. Vizsla Silver continues to guide its permit receipt in the midpoint of this year, and intends to be back on site in Q3, driving the project forward with equipment and the contractors ready, all to target first silver and of course, for royalty shareholders, first cash flows in the back end of 2027. As we get closer and closer to that production decision, Vizsla Royalties becomes increasingly more of an acquisition target. If we look at the space since the start of the year, the royalty companies continue to trade at higher multiples than the miners or the explorers or developers. Frankly, they're the ones that have been doing the M&A, and that's no surprise given royalty companies do have a forward-looking view on the consensus commodity prices. When we look a little bit closer at our particular asset relative to some of these recent precedent transactions of single asset royalty companies, well, you can see that they trade or are acquired at a significant multiple, averaging here between these two key ones at 1.6x. Vizsla Royalties is trading today probably a little bit below 0.86. Suffice to say this represents a double from where we're trading here. In that same vein, you can see the analyst coverage at the bottom of this slide. It does represent a target, consensus target of over CAD 5, roughly CAD 5.15 here, Canadian. When we look at where we're trading today, again, significant re-rate potential, not only just as Vizsla Silver continues to convert and explore, but also with that potential of an acquisition premium here. Shareholder base remains to be very similar to that of Vizsla Silver. Of course, this is a spin-out from Vizsla Silver. If you were a shareholder at the time of that spin-out, you would have received for every three shares of Vizsla Silver, one share in Vizsla Royalties. Vizsla Silver is a material shareholder of Vizsla Royalties, owning roughly 17% on a fully diluted basis. Now, when we look at the team, Michael Konnert, Executive Chairman of Vizsla Royalties, well, he's the founder and current President and CEO of Vizsla Silver. I am the CEO of Vizsla Royalties, but I'm also the Senior Vice President of Vizsla Business Development and Strategy for Vizsla Silver. Similarly, Simon here, he's our Lead Director at Vizsla Royalties, also the current COO and a Director at Vizsla Silver. This is really highlighting the alignment between the two firms. The remaining individuals that you see there all come from the Inventa Group, the Inventa Capital Group of companies, bringing significant professional experience, in the mining space. To close things up, you know, the investment thesis remains to be, Panuco absolutely is a standout in this space. If it was in production today, with the feasibility numbers that were published in the fall of last year, it would be the third largest silver primary mine on the planet, full stop. With the scalability afforded by the exploration upside, it really does make this a very unique and attractive asset for anyone involved, either on the investment case or on the corporate side in terms of an acquisition. We do feel that this recent pullback in the market has provided an opportunity for investors to strengthen their exposure to such a unique, substantial asset that has all the hallmarks of being a long-lived production center. With that, I'm happy to open it up for questions.