Welcome back to Investor Intel at PDAQ 2018. I'm pleased to be joined by George Glacier. And George is not only the President and CEO of Western Uranium, but really quite widely recognized as being an expert in both the Uranium and the Vanadium spaces in North America. George, what's your thought on the state of the Uranium market? It's been pretty tough for a long time. Well, that's right. Ever since Fukushima, we've seen the price decline to the lowest in dollars that it's been maybe ever. If you take the low prices we had back in the 80s and 90s and bring that up for inflation, we're probably at a low. But that could change. It's expected to change. But when is the big question? And any of the political things going on right now, do you think could impact that market? Well, there are things that have gone on already that will impact the market, given time. The chemical cut back of production, the cassocks announcing they're cutting back, those things are going to influence the market. How long it takes a year, two, three? But what's going on just recently in the US is a petition filed under the section of the law. The same that the US steel and aluminum producers just apparently got some relief under. It's been filed on the behalf of the Uranium industry in the US. That's the political issue that's yet to be determined. But if that happens and that's successful, you're going to see, in my opinion, two-tier pricing pretty soon, where US Uranium could be worth two to three times the world price. Good stuff. Vanadium. You know, it's been very, you know, it's performed a lot different than Uranium recently. What are we seeing in the Vanadium market and what do you see moving forward? Well, you know, a lot of that is in relation to the Chinese cutting back production of Vanadium from their small steel mills. If that continues, we've got an out of balance where we're consuming more of Vanadium than we're producing. So that's what's driven the price up. Now that brings on new production. Maybe the Chinese come back in. So the Vanadium market, even though it's recovered nicely, I'm not sure what the direction is in the next year or two. But the Chinese have a big control of that market. And if they think Vanadium prices are too high, they may turn on some of that shutdown production. Wow. Well, that's kind of the opposite of what I was expecting for him. He has, for all you know, I've been... Positive about Vanadium, but Vanadium is gone up and down. You look at the chart and it goes up and it goes down. A lot of it is byproduct production. Right. It comes out of steel slags. So that can come on when the price is high or it can come on, you know, just because of political issues in China. Fantastic. Well, George, thank you very much for your time. Today it's been a pleasure having you on and we'll talk to you again soon. Thank you.