4 increases to dividends. No other precious metal company is in the S&P High-Yield Dividend Aristocrats Index. That's an index we became a member [of] when we passed 20 years of increasing dividends. So, our Board is long and experienced, if not in numbers. It's a relatively small group. Everyone on our Board has operating company experience, I guess except for me. The experience really covers all of the critical operating areas of our business, whether that's business development, engineering, legal and accounting and finance. I think our Board achieves a delicate balance of both supporting management while challenging management. And I'd like to say that I'm in a better position to do my job with their assistance. Our management team brings the same balance of expertise in key areas. I often point out that since Royal Gold became focused on precious metals in the 1980s, I'm only the third CEO in that 40-plus year time period. Our management team probably averages about ten-plus years with the company, and we all come from a variety of backgrounds, whether that's operating companies, investment banks, commercial banks, accounting firms, law firms, private equity. So -- and I would like to say it's not only one of the most professional groups I've been associated with. I have to say it's just -- it's an absolute pleasure to work with these folks. So, when I started to focus my career in the mining industry, it only took $380 an ounce -- $380 to buy an ounce of gold, and it now costs over $4,500 an ounce. And people always refer to the strength of the dollar because they compare it to fiat currencies. But as you can see here, gold actually is the preeminent currency in the world. If you look at a U.S. dollar bill at the very top, it says Federal Reserve note, which is a debt, and gold is nobody's debt. So, I've been surprised that gold has sold off since the start of the Iran War and people seem to have flocked to the currency of the country that actually initiated the event. I think the underpinnings of gold strength remain intact. I think central banks are largely still buying gold. China has now bought gold for 16 straight months. The U.S. external debt is continuing to increase in an unsustainable manner, and it's increasing on an expedited manner given the war spending. I don't get a -- get me started on gold sales at Costco. You still have to be a member to buy it. Sometimes it's not in inventory and there's still a limit as to how much you can buy at any one time. So, I remain positive about the metal. I'm actually pleased to see that the investing market has turned its attention to gold, and its role in the portfolio. The amount of general investor interest that we have seen in our stock has increased significantly in the last year. If we can just turn a small percentage of investable dollars into gold, we could really have the foundation for a long-term strength in the metal. So, if you look at the return on goal relative to other investments, it might actually be surprising that over the last 20 years, Gold has achieved the same or a higher return than any other asset class. And just think of what we've been through in the last 20 years --

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