Akobo Minerals Ab (AKOBF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.718 few junior miners who have actually managed to progress from discovery to production. 00:00:05.718 -- 00:00:10.223 And we're now operating with positive cash flow from our operations. 00:00:10.223 -- 00:00:14.989 And we're the first international gold producer to begin operations in Ethiopia since 00:00:14.989 -- 00:00:17.171 1993. We have 00:00:17.171 -- 00:00:22.017 strong support from the government, from the ministries, but also from the Ethiopian 00:00:22.017 -- 00:00:26.843 Investment Holding, the Ethiopian sovereign fund, who is now also a shareholder over 00:00:26.843 -- 00:00:28.837 Kobo Minerals. 00:00:28.837 -- 00:00:32.863 We're listed on the Euronext growth in Oslo. 00:00:32.863 -- 00:00:38.111 And as you can see here from the numbers, we have an in-situ value of the Segheli deposit 00:00:38.111 -- 00:00:43.179 of around $280 million. That's based on a gold 00:00:43.179 -- 00:00:45.282 price of 4,100 00:00:45.282 -- 00:00:47.602 per ounce. 00:00:47.737 -- 00:00:53.164 We also have a gold loan which stands at 38 million dollars 00:00:53.164 -- 00:00:58.751 today based upon the same gold price. So we'll 00:00:58.751 -- 00:01:04.638 come back to that and just explain for those who are not familiar with it. 00:01:04.638 -- 00:01:09.444 Just a few pictures here you can see our mine geologists 00:01:09.444 -- 00:01:12.928 looking at visible gold after 00:01:12.928 -- 00:01:16.120 blasting and figuring out where to go next. 00:01:16.120 -- 00:01:18.224 You can see the excavator 00:01:18.224 -- 00:01:23.433 digging down into the new vertical shaft and you can see some production from our 00:01:23.433 -- 00:01:26.455 processing plant. 00:01:30.065 -- 00:01:33.603 So latest key events. 00:01:33.603 -- 00:01:38.750 This is a mile...