Contango Silver & Gold Provides Project Updates

0:04 Good morning, good afternoon or good evening, depending on where in the world you're logging in from today. I really appreciate you guys joining us. I've got with me today Rick Van Duynhuis, CEO of Contango Silver and Gold, and Dave Larimer, the company's Vice President of Exploration, to discuss a recent press release, cut-end updates across the companies, very broad at this point, Project Suite. Gentlemen, how are you today? Doing well. Go Canada. Go Canada. More to morning. For the Canadians in the room, hope you're feeling patriotic. Here's how today's going to work. There's a number of questions about the PR. Some got sent in in advance over email. I think our questions will cover most of those, but I will try to get to any that we don't. Of course, as always, this is an interactive event, so you can use the chat button at the bottom to ask any questions you'd like. We'll be spanning today from the market through to each project, so please feel free to ask any questions you'd like.

0:49 We'll try to get to them as much as we can in today's half-hour event. If

0:52 I do miss questions, I will make sure the team gets them afterwards. It's also recorded and will be available for replay late this afternoon, Eastern time. Probably right at the end of the day for those on the East Coast. But let me get right into the business here because, Rick, I know the update was on a bunch of specific programs, but I do want to set the stage because obviously it's an odd week for markets. Gold and silver, you know, roller coaster for a year plus now. You're, of anybody I know, plugged into the metals market. How are you reading the current backdrop and what makes this a moment worth paying attention to a company like Contango? Yeah, I mean, obviously, you know, roller coaster is a good way to describe the last year. The last 5 months have been a roller coaster. They've been like straight, you know elevator to the to the basement I mean we sit, you know below $4,000 gold and we're approaching $55 silver You know obviously way down from the highs and the stocks are reflecting it.

1:50 And I'd say the producers are getting hammered a bit more than the explorers, which I find interesting. It seems odd to me, but I guess What it would tell me is that everybody thinks the future price is going to be higher at some point. I mean, look, the Fed is between a rock and a hard spot. The employment numbers came in good, so they don't have to worry about employment right now or unemployment right now. So they are concerned about inflation. I think the biggest news out of that, the Fed discussion was it's gonna be a different Fed. And I think all of those things make the market nervous. They don't know how to read it. And clearly, the big takeaway from Kevin Warsh's discussion was that, hey, we're not going to give guidance anymore.

2:44 So you guys are on your own. So I think I think the market is just a bit nervous about being on their own without the being spoon fed by the Fed.

2:56 Anyways, I mean, all of that just on the on the on the big picture scene, nothing has changed. You know, we're still $37 trillion in debt. And China is no better off and Europe's no better off. So it's not like it's just the dollar gold prices, price in all sorts of currencies. And when we usually pay attention to the ones in dollars. Of course, for us, that is where we're producing gold. So, I mean, look, I got this in Europe last time I was there. This is one of those $10 billion Zimbabwe notes. I mean, that's where we're headed. Trump's not afraid of debt. So, Look, the central banks are still buying gold There they're doing that for a reason India was just in the news the other day that they didn't sell their gold.

3:51 They sold their other currencies in their foreign currency reserves. So look, I mean, everybody's doing something a little different. It's definitely Iran's on again, off again. Don't know. They have a ceasefire that nobody pays attention to. So, look, it's a very confusing market. We're just going to put our head down. And I don't like the share price, but to me, it's a buying opportunity. And so, you know, I think I said earlier, this year is about execution for us. We've got a lot of things on the go. It's a good, solid plan. We're well-financed to do it. We're still selling Gold and we're still making money selling Gold. It's not like we're losing money selling Gold.

4:42 We've delivered into all the hedges for this year. So The rest of the year, the rest of the Gold that we sell this year is at spot. And if that spot price is $4,000, we're making $2,000 an ounce. That's not so bad. I mean, 5 years ago, we would have been doing backflips for that. So look, it's confusing. I think people have to, if you're going to invest in the mining space, you have to look at it from a longer term. Sure. And so I think this is the opportunity to be loading up on stocks that are that are truly, truly undervalued, which I believe Contango is. And we're we're trading at less than the value, the net present value of one of our projects, the Johnson Project. So, yeah, we're just going to put our head down and do what we do, which is what we're going to talk about.

5:34 So it's a good segue. Yeah, I know. I appreciate the context of the market. I just didn't want to not ask that question with today's golden environment, so I appreciate that answer. Let me give you a real kind of overarching question, and then Dave, I'll get into you for some of the specifics. Because Rick, you got training at Lucky Shot, where Dave is joining us from right now, a summer field season ramping up at Johnson Tract and a 40,000 meter program underway at Kitsault all at once. So how are you thinking about running all these programs in parallel? And what does that say about where Contango sits in the market today?

6:04 Well I just think we have a lot going on. They're all sort of at different stages. I mean, at Lucky Shot, fully permitted. We're underground mining. We're creating new tunnels from which to drill. We've got an exciting new discovery that we're gonna talk about. I'm actually heading down to Lucky Shot tomorrow to join Dave and Sean and Lucky and the team down there to see with my own eyes, what is it that these guys are all excited about. So that's, you know, lucky shots, just all kind of off to the races. And that's something we can get into production relatively quickly, fully permitted. We just acquired all the land. We bought out the underlying landowner and the royalty.

6:51 So we have a space now to actually develop the mine. Besides just being on the side of the mountain, we've got a big facility that we can use. So yeah, very pleased with where Lucky Shot is. Johnson Track is mostly about permitting and being part of the Fast 41 program and that's going along very well. Meanwhile, we are in a big logistical

7:18 move here. We're barging over all the heavy equipment to start building the road that connects the camp to the portal site. So, yeah, and then of course, at Kitsil, we've got 5 rigs turning. And, you know, whenever that project is drilling just like Johnson track when we're drilling at Johnson track we're always putting out really really good results so stay tuned for all that news flow and I think both Lucky Shot will be producing good results when we get back to drilling there, which Dave will talk about. And Kitsault, we have 5 rigs turning, so we're putting out a lot of results, I'd say in about a month. That's fun. That's a, love seeing the news flow and knowing that's coming up. Dave, I want to get you in here because you're live on scene at Lucky Shot where the surface program was kicked off June 22nd, 2 helicopter supported rigs. So walk us through what these 29 holes are designed to do

8:16 and why the link between the Coleman zone and the Lucky Shot vane system is the part that you're really kind of most excited to test. Absolutely, like I said, live from Lucky Shot, beautiful day outside, still a little snow on the peaks but I'll be there all year but hey, we're operating, it's beautiful. The driller showed up yesterday, got the drills here on the bench, got the helicopters coming in today, tomorrow, you know, start mobilizing these things up there, got pads built. So everything's looking real good to the start of this surface expiration. So the intent for this 6,800 meters that we've designed is kind of twofold. The first one is we have an objective to do some infill drilling within the Coleman portion of the known mineralization. You know, there are some areas up there that are in the model. It is inferred and indicated resource, but we think we can do some further risk reduction by just tapping in a couple more drill holes in there.

9:06 So this should help tighten the geologic model and support that more detailed mine plan and mine design work going forward in the next potential year. The second objective, as we talked about, is that step out drilling from the Coleman. You know, seeing if that, what we call that link between the Coleman side and the Lucky Shot side. This step out drilling is specifically designed to see how much more battle space we can take the Coleman and keep stepping it off towards what we believe will be the cutoff, which is that lucky shot fault. We've previously talked to lucky shot fault from the from the underground side. We've tapped it really well underground. We know where it's at on the surface. We know where it's at and it's really interesting. But when you start pulling these

9:46 faults together, the geologist, when you first get them, what's the first thing you do? You just draw the fault as a straight line because you don't know. Now that we've done this drilling, we've advanced the structural backbone and the structural model. We know the lucky shot fault starts at the surface and she curves down a little, almost that little Listeric faulting. What that does for us on the Coleman side is it opens up more battle space as she curves away towards Lucky Shot. So our drill is looking to do the step off of Coleman and basically thread that needle. How far can we pull that Coleman mineralization and tie it into that Lucky Shot fault right there. And that's the link we're looking to get to this summer. It's really exciting. I'm not gonna say it's easy drilling but you know it's complex you know conceptually pretty simple. It's literally right there at the top of the ridge. Our logistics are all lined up. So we're really excited about this.

10:36 Again, it's pretty straightforward program. We're going to execute it hard and the program is designed to de-risk, you know, the known common mineralization and then test that linkage between that, the

10:46 Lucky Shot and the Lucky Shot fault side. You know, and ideally this drill and we'll validate the models, you know, and there'll be an important next step for us as we continue this value creation of our project in the next couple of years. Now, it's certainly a big summer at Lucky Shot, But Rick, I wanted to get you in because obviously you know a lot about the structural side too. So while we're talking about the Lucky Shot vein system, how's progress going on extending the West Drift to test the KM vein? Yeah, as I mentioned, I'm going to head down there tomorrow to see with my own eyes how the progress is, but they've advanced the tunnel. So remember the West Drift was built to fan drill the Lucky Shot fault structure, which more or less runs East-West and we're drilling kind of off to the north.

11:32 The Lucky Shot fault offsets the Lucky Shot vane up to the Coleman side, which Dave was just talking about. When we punched through, we saw this other new structure at right angles to the Lucky Shot fault system, So striking north-south, dipping east.

11:51 And it ran really well. And we called it the KM vane after Keith Miles, our mine superintendent. And we've now advanced 15 metres-ish, 50 feet, the tunnel, just in the same orientation. And we're seeing some interesting things. I can't say much more than that. We don't have assays back, but this is a course-free Gold deposit. So we see certain things with our eyeballs. Dave and the crew are pretty zoned in on finding free Gold. I'm heading down there tomorrow and I think we'll take a look and I think we'll probably do some talking at the vein face tomorrow.

12:36 We'll get that out to our investors as well. I'm excited by what we're seeing. And as you know, with my structural background, Lucky Shot is a shear vein, so it's things moving back and forth this way that open up spaces for fluids to, hydrothermal fluids to come in. The KM vein orientation is at right angles, which means it's the expansion vein. And when you crunch things this way, they open up in the opposite direction because they're getting squished.

13:11 And so that's exciting because open spaces are what suck in hydrothermal fluids. So we're excited about what we're seeing geologically, structurally, we've got to go assay. And so that's the work that we're doing now. And we'll get the drills in there. Once we get the underground infrastructure completed, we'll get the drills in and do our normal thing there. But pretty exciting what we're seeing. I'm excited to get boots underground tomorrow. Awesome. Yeah, I'm personally excited to see footage. I always like seeing footage out there. Dave, I know a team frame this drilling is feeding into feasibility level mind designs. So for investors in the room, what's the significance of moving LuckyShot towards that stage rather than just adding more ounces?

14:01 Oh, absolutely. You know, that's an important distinction, you know, especially for us planning this out. You know, at this stage, lucky shot, you know, we're not just about chasing, you know, ounces in there. It's about converting geologic understanding, you know, into a practical mine plan. And at the end of the day, that's what we're looking for on the geology side. You know, can we build these ounces? Yep, we can increase the resource reserve, but we also need the rest of that geologic understanding to make a practical mine plan going forward. The infield drilling at Coleman, like I briefly talked about, designed to help increase the confidence in that continuity and the geometry

14:32 on the Coleman side and the grade distribution. And that matters for a feasibility kind of level mind design, because you really need that tighter data spacing and the confidence in that geology to make those disciplined engineering decisions around stope shapes and the sequencing of how all this comes together. I do have a saying where mining is always based in the geology, and nothing is more true than right now, this kind of pre-feasibility studies where we got to get the geology, we got to make sure it's tightened in there because that's what all the engineering, it hangs on and the mining hangs on the next years down the road. So for investors, the significance is that this work is moving the project from that exploration concept, And we're moving it now towards that development framework concept. And it starts with this drilling, the geologic

15:22 modeling, updating our mineral resource estimate. And then as we've talked before, doing that feasibility level study in the future, That's when we start hanging our engineering and then hanging everything else off of what we're doing right now. So really the value is twofold, testing that growth potential while we go at every opportunity and developing that technical work to feed into that feasibility study going forward in the future. Awesome, I appreciate that. Do you want to move on now to Johnson Trax? I know this was a multi-project update PR. I just want to make one other point on the feasibility study. And this is something that's specific to the DSO model, a direct shipping ore model, is Because we're not building a mill in a tailings facility and we don't need a bunch of power to run all that stuff. I refer to this as feasibility light because it is effectively just a mine plan, feasibility level mine plan, hence the definition drilling that we're doing, a transportation plan and a tolling arrangement.

16:20 So we don't have to do a bunch of test work on where we're gonna put tailings and all that, because that's already done. We don't have to do foundational drilling and worry about permafrost and stuff like that, because we're not building a mill. And so we don't have to worry about foundations. And power plants are big, messy things to permit because they have to have air quality. And so we just need a mobile, a small, relatively small mobile generator to provide power to the drill rig. Just like we're doing right now. So it is really a lot simpler that DSO makes that whole part of the process, or that end of the process, a lot simpler. So a lot of work to do, but simplifies it greatly.

17:09 Because it's just rocks in a box. It's just rocks in a box. Just rocks in a box. Let's jump over to Johnson Tract, because as you mentioned already today, you're inside the FAST41 program with 6 actions already completed. For folks who don't live in the permitting world, which I know is most of us, why is that a meaningful milestone for a critical metals project in Alaska? Yeah, I mean, obviously, the Trump administration is very focused on critical metals and is using the FAST-41, which is actually started back in the Obama administration. So it's been around a while. It just hasn't been used specifically a lot for mining projects. And we're hopeful that the permitting reform that's talked about in Congress will actually happen. And what it should look like is what FAST-41 is, that the timelines are met and that those things are, that the agencies get the work done in a timely fashion.

18:06 And so it, you know, it takes, you know, 1 to 2 years to permit a project, not 10 to 15. So, and that, so that's the beauty of FAST-41 as it's being applied to critical metals, which of course, the Johnson track is has numerous critical metals, depending on which list you want to pay attention to. So that it's all working smooth. There's a lot of work to do. It's collecting in appropriate engineering work and environmental work, studies on land and water, because we have to build a barge landing facility. So that's in the water. So that's hence we have to study things that are in the water. And we have a lot of, we have some sensitivity, sensitive things around the cooking beluga whales and endangered species. So we're going to have to do a fair bit of work on that to understand what the best way and where are they hanging out and how can we avoid them? That's kind of what it gets down to.

19:06 Cultural studies, obviously, lots of things on hydrology and birds and moose and bears. And the good news is we have a lot of data on that because of all the park related activities that go on in the area. So there's a huge database to draw on. So that's all in support of basically, following the NEPA process, which referred to as NEPA, National Environmental Policy Act. And yeah, the US Army Corps of Engineers is the main, the lead federal agency is how that's referred to. So they kind of coordinate and Stick handle the other agencies who are then referred to as cooperating agencies.

19:52 So yeah, it's working well and we're on track, I say. Johnson Crack is on track. Johnson Crack is on track. I like it. Like you said, a lot of the work this year is infrastructure. You get the 2.6 mile access road, the geotechnical drilling, the equipment to the portal site mobilization. How does getting all that built this season set up for 27? Yeah so basically what we wanted the main construction activity is to connect camp and the proposed portal site which we're finalizing the permits with the state on. I think We've got 2 main permits and we've got one more that the reclamation plan has to be approved, basically. And so what getting the road finished this year will allow us to do is to start building the tunnel next year, subject to it being permitted, which we're, again, we're confident that we'll get the permits in plenty of time to meet that timeline.

20:52 So it's about a mile long tunnel. So it's a little longer than the Lucky Shot tunnel or the amount of tunneling we've done at Lucky Shot. So, But it'll take roughly a year to complete. So that'll be most of the activities in 2027. They'll spill over in 2028. In order for it to spill over into 2028, we need to winterize camp, which we're also starting to work on this year. And then we'll be able to complete that next year so that we can work year round underground. Once you're underground, you're in good shape, good stead there. Right. So that's the that's the that's the plan. And then it'll take about a year to complete the tunnel and then the following year, 2028, we can do all the drilling to do exactly what we're doing at Lucky Shot now, is basically complete another BSO Feasibility level mine plan, transportation plan and figure out where the ore is going. And those are all things that we're working on in the background, particularly the site as to where this ore is going to be processed.

21:58 Awesome. I appreciate the Johnson Tract update. Dave, I'll jump to you. Let's go a little farther south and a little left on the Lausanne curve to Kitsault Valley. So I know you've already drilled 14,000 meters, over a third of the planned program, and as far as I understand, well ahead of schedule. So a couple of questions there. What's driving that pace? And what are you personally, I love asking geologists this, what are you most excited about for Torbett, North Star Wolf and Red Point? Yeah absolutely, I think pace, you hit it on the head right there Romeo, you know the pace to me is being driven you know by our strong crews out there. We have an outstanding geologic team, outstanding crews out there. They've put together a great field plan, efficient logistics, and a drill program that was set up to keep the rigs moving across multiple targets.

22:46 To be 14,000 meters in right now, the 40,000 meter program, you know, is a real testament to that team. You know, what they pulled together and what they put together and executing out there to a high degree has been absolutely fascinating to see. What gets me excited when the drill ports come in. You know, you look at Torbert and Northstar, you know, the focus really is kind of on an infill, extensional drilling around areas with historical continuity. And the objective was always to kind of improve that geologic confidence, you know, where the mineralization is out there. And those results coming back are what we expect. And we're really excited to see those. You know, Wolf and Red Point, you know, these are important because they're giving us additional opportunities to evaluate, you know, the broader Kitsault Valley system beyond kind of the Torbett, North Star kind of areas.

23:32 And to me, what's most encouraging, you know, what I really like to see out there is, we got to frame it carefully, is the strong visual indications that we have seen so far out of the drill core. You know, consistent with our targeting model, you know, DOs are excited out there, and the team is executing well with what we're seeing. Again, you know, we need to be clear, you know, that the assays at the end of the day ultimately determine the grade and stuff like that. And things are out there for assay. And we'll get those back. But yeah, we're excited what we see out there and having that plan come together and be able to drive this forward. I like to analogize it as a hockey fan, but for the soccer fans, Kitsap Valley gives us multiple shots, you want to go. We got multiple deposits out here, it gives us multiple shots in the consolidated land package that we can advance resource confidence in a very, very small area.

24:21 This is exciting. When the geology comes together, the drill results come together, and you start to see that vision of how it comes together. And then, yeah, when the assays come in, we start pumping out the press releases here in the next couple of weeks. I think we're going to be really excited. Oh fun. Yeah, because you said the first samples from Torbett and North Shred in the lab already with the up to me did resource estimate targeted for late July if I'm not mistaken. What should people be watching for as those assays start coming through the news releases you just mentioned through Q3? What should people be keeping an eagle eye out for? Oh yeah, I just want to hit on the assays real quick. It's a busy summer and expiration. I kind of feel for the assay labs. You know, we do have some turnaround times that we manage the creep on. They hear from us all the time. They hear from everyone else, you know, where's our samples, where's our samples?

25:09 What I can say is they're coming, you know, and the assay labs are doing a great job, you know, turning around. So these things are coming, you know, And as these things start flowing in, we expect to see decent assays that we're excited about, that do line up to the geology. When a resource update comes out in late July, to me, this is an important benchmark. So it gives the investors kind of that clear view of, hey, what we've updated to and where we're seeing. So then you kind of get that current view of what that resource is and kits all, and then they can start putting together the vision that we talk about here through the press releases and then start overlaying in the new press releases and the assays that are coming out there. So to me, the key question is whether these new assays demonstrate this continued continuity of these zones that we think are there. And then how far and how fast can we push this with our team that we have out on ground in the next couple months out there.

26:04 We're drilling 500 meters a day. Yeah. A day. Yeah. They're really kicking it. I've been impressed by the consistency of the productivity. So, yeah, hats off to the team out there, the drilling company, the helicopter company, everybody. They've got it dialed in. And the logistics. I mean, it's nothing but logistics and remote work. Yeah, I wasn't kidding. I said the pace. It just does seem to be really rock and rolling, which is fun. Rick, I got a question for you. I would normally ask Michael Clark, but since you're on the call, I will ask you instead on the financial side. I know what it's about. The H word might be mentioned in a moment, but I know you've delivered all of the remaining 2026 hedge obligations, as I understand it, ahead of schedule.

26:49 So in plain English for laymen like me, what does clearing those hedges by mid-June mean for Contango's exposure to the Gold price for the rest of the year? Yeah. So as you said, We've delivered into the 2026 Hedge Book, meaning that all the Gold we sell from this time forward, the next 2 batches for this year, will be at spot. I will commit when we deliver into all the hedges, which our objective is still to do all that this year. Mike's coming on the show and you'll have like a hat on that will say hedge free or a t-shirt. Yeah, special sweater, man. That is definitely one of our main objectives, delivering to the hedges and pay off the debt. So again, we're going to look at some opportunity ways. And, you know, look at a $4,000 gold price or under $4,000 gold price, you know, maybe we'll take a look at just getting rid of them.

27:57 You know, we believe in gold. We don't, as you said earlier, we don't think any of the fundamental macro elements have changed for gold. And we're still heading towards this. The train's still moving. Hopefully, we won't be as bad off as Zimbabwe. But it's a good time to be thinking about these things. So, you know, $55 silver, $4,000 gold. And so we may find something opportunistic, an opportunistic way to take out the hedges earlier. So that is our objective. We want, you know, we think that our philosophy is that investors can make their own view on gold, whether it's going up or down. We want to produce it and we want to give our shareholders and investors the opportunity to make their own decisions about where the gold price ought to be and whether they should be shorting it or going on. Sure, that makes sense. In the same kind of universe, I know given the, we'll call it attractive pricing going on in the market generally, what are your thoughts on M&A in the space, especially since we're seeing it heat up, I think, right now?

29:11 Yeah, it's, I mean, I think 6 months ago, there was a lot of talk going on. I don't think anybody likes their valuation today, frankly, we certainly don't like ours, but it is what it is. And for us, the main thing that we're focused on from an M&A standpoint is acquiring a mill that will be able to process our Johnson track and Kitsault ores in particular, because that's a more particular kind of mill. It needs sulfide flotation circuit to process the ore and concentrate the ore into copper, zinc and lead precious metal cons.

30:02 But in terms of, for the general market, again, I think most people are thinking they don't like their valuation today. So I think whereas 6 months ago there was a lot of talk about it, I think everybody's going to be a little circumspect right now. Sure, it's going to look quieter. I got one question that came in advance over email and then we'll close on a why now question for Contango. So I think they'll flow into each other. But Somebody asked over email, they like the merger and like the company, they're wondering why their initial investment dropped after the merger occurred. So just if you could speak on general markets one more time. Yeah, I mean, this is a sector wide thing. I think everybody without exception, this includes Newmont and Barrick and Agnico Eagle.

30:51 They're all off 30% and I'd say as high as 50% from the beginning of the year. And so, yeah, that's why I say nobody likes their valuation right now. I think this is, and maybe this leads into the question why now, we're trading at a valuation that lower than before we were in production, which makes no sense. I don't think this isn't going to last very long. If this is the new normal Gold price, US$4,000 Gold. We're making a lot of money at US$4,000 Gold.

31:39 We're going to demonstrate that Lucky Shot is a viable project in the next year here. I'm going down more, as we talked about earlier, I'm excited about the new things we're seeing at Lucky Shot, the KM vein. And so if we can move, continue to advance our Johnson Track project through the permitting process, get the road built, get underground. This year, 5 rigs turning at Kitsault. Don't know what we're gonna be doing next year. We're also upgrading a road at Kitsault. Yeah, sure. Remember, that was a DSO mine, right? They didn't process any ore there. They just hauled it down to the smelter. That infrastructure exists. We're just refurbishing that road this year. Part of it, not all of it, but a good part of it.

32:35 And so, yeah, these are exciting. To me, it's an exciting time for, should be an exciting time for investors to take a look at Contango specifically, because, you know, we haven't been valued this low for a long time. So it's a great entry point if you're interested in Gold. Our model focuses on getting things into production quickly because of the lack of permitting, the small amount of permitting that we're doing relative to most big mining projects. And the fact that it's capital light because we're not building mill in a tailings facility and we have ore grades that allow for the transport of ore to an existing permitted facility. So, you know, we're, I'm a significant shareholder of the company and I don't like delusion. So that's part of why we've, part of our philosophy in terms of executing this DSO plan.

33:32 Awesome. No, appreciate it. And I appreciate you going through not just all the updates from the press release but also you happening with me about markets because everybody's trying to figure out what's going on. I'm glad. Any viewpoints, appreciate it very much. Dave, thanks obviously for taking time out of your day while you're at Lucky Shot. Looking forward to see what news comes next. I know there are, geez, 150 folks in the room. You guys were a little shy today with questions. But if you do think of some afterwards, please do let me know. Shoot through every email. I'll send them through to the Contango team. They'll get back to you as soon as possible. But Rick and Dave, thank you so much. Hope you have a wonderful rest of your day.