42 So, when we look at political risk, we can't just look at who's in power at that particular point in time, who favors the mining industry, because it's going to change and it's probably going to change multiple times over the life of the investment. So, as we talked about, understand the -- how important is the industry within the country? How important is it to employment? How important is it to export earnings? Because I think the one conclusion you can draw from Cobre Panama is there's no mining industry in Panama. They suddenly got in trouble and there wasn't -- there weren't three different companies standing there going to the government. So, you're going to ruin the mining industry because there wasn't one. It's not a full-proof way of doing political risk. But to us, it's one that has, I think, been shown to work over decades. Carey MacRury: Just maybe back on Hod Maden. Since you've owned your JV interest that you had some preliminary discussions with potential counterparties and is -- should we expect something to happen this year? Or is it too soon to say? William Heissenbuttel: I'd like to see something happen this year, to be fair. The approach we have taken is the best -- the easiest way to do it is with the partners. Obviously that approach, we've had a left turn with SSR on doing that, but that doesn't mean we've sort of just walked away from that approach. We certainly have had other companies reach out. But I would say that would be sort of plan B. If we just can't reach a transaction with the partners, then we may run a process, we may bring other people -- invite people to bid, but we're not there. Carey MacRury: Then maybe just on the 2026 guidance. On your Page 34, you showed 365,410. Just wondering how much of those would be from the Sandstorm assets, if you have the number? William Heissenbuttel: Not off the top of our head. It's just one portfolio now. Alistair Baker: All right. So, if there are no further questions at the moment, anyway from the floor, we're happy to take any questions over the phone. Operator: Certainly. We have a question from the phone lines. Our first question comes from the line of Tanya Jakusconek from Scotiabank.