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22:33 Well, look, the economics in Nevada are fantastic. You can, you know, a small deposit with a low grade can be economic there. So as an explorer, you can do some, I mean, in our case, we're looking for something that has potential to be very large, but if we find anything and it's on a small scale, then that's a win or could be a win as well. So I think, you know, it has a lot going for it. You won't have your deposits or assets taken away from you. If you spend time in the industry, you know that that can happen.
23:21 And it happens a lot in some jurisdictions. So that won't happen in Nevada. And We've got ways to go. Your strategy has multiple prongs and possibilities. You can go very linear and develop 1 asset on a timeline, or In our case, you're developing a portfolio and I think we'll be able to find ways forward on all of the projects one way or another. But we'll start with the first thing, which is make discoveries and go from there. Great. Anthony, any thoughts? I think 2 things. You need to have patience and you need people on the ground that know the local contractors.
24:12 Like I said, there are 180,000 active mining permits in Nevada. There's a lot of people there. There's a lot of money there and a lot of competition, especially with Nevada Goldmine, some of the big copper producers as well. They've pretty much taken all the drillers out. So when you do a drilling RFP, you need that 12-months runway to be able to wait for every driller to be available. Because if you need to drill in 2 months, you'll be paying a lot more than anywhere else in the world. If you're paying a lot more than anywhere else in the world, you better be sure that your targets are the most ones possible. So, you know, patience and really having someone there that understands the land. My old boss always says that the best footsteps, the fertilizer, the farmer. So that's why it's so important to have a local really running your site. You know, our hydrologist is from Elko. He's a cowboy and there's everyone else there. Helped with our permits. It certainly helped us with our drilling team.
25:02 Great, makes sense. And Andrew, what are your thoughts? Yeah, I know I think having someone that's a local down there that's actually able to, you know, get stuff done is the biggest difference that makes the difference because as Anthony said, I mean, you know, just getting drillers is hard. I mean, not only, they've got their pick of the litter. So not only do you need to show you have the financial resources, but those drillers are still going to go wherever, you know, suits them best. And, you know, one of the advantages we have over a lot of other companies down there is that we're literally footsteps away from an actual town. So I mean, our drillers, we have no issues. We've got 3 different contractors down there last year, all going at the same time, companies, just because they can walk to A&W on their shift and get a root beer float.
25:49 You can go get pizza or Burger King or whatever. And it's not like they're having to go to Timbuktu. But having someone, and we're lucky, our executive chairman is running our project down there. He used to head up exploration for Placer Dome and he knows how to scale up projects and he can crack the whip. But he knows everyone from inroads to which assay labs to use to get you to the front of the line, to which drillers to call, to which geophysicists to whatever. It's having that little black book of people you can call on when other people are complaining about turnaround times for this or that. You can say, okay, well, instead of going to this group, we'll go to this group, and plan BCDE. And it's just having that sort of flexibility that you only have from being on the ground down there. And so I think having a local, it's a must.
26:42 How are you guys doing in your drilling costs in terms of, have you guys been to other places? How have you guys found it? Well, we use a combination of RC and Core. RC drilling is cheapest chips for us. So what we tend to do is, our first go around, we did our scout drilling using that And then we followed it up with Core after that. But yeah, it's about $300 a metre for Core. RC is $20, $30 a foot. So it's actually pretty cheap. But I mean, since we started drilling, we've probably put about US$40M into the ground, but luckily we've been hitting it out of the park. So we'll have a maiden resource to show for it. And this isn't a bulk tonnage operation. We're drilling high-grade veins, 2, 3,400m below surface.
27:31 So yeah, it's been, you know, our drill targets, the resolution's gone up the more we drill, obviously. And now, you know, it's pretty much a sure thing that when we drill, we're going to hit something. It's kind of a benefit and a curse where we are because we're right next to Bayer Canoe Mods. So for example, with major drilling, we had them lined up to come to site and it kept on getting delayed and delayed and delayed. But these drillers have got screwed for so long as a businessman, I don't blame them because in reality, that Bayer contract is going to be with you forever. So you're going to stay and stay with them and not come over to us. But it kind of hurts the smaller drillers, especially in the Carlin area like where we are. So that's kind of our experience there. In terms of RC where we are, Andrew, it's funny, We could even get an RC drill, could not get one.
28:18 In fact, we did HQ, but the ground's hard to drill at, so what we're doing actually now, we're just triconing the upper play rocks and then doing HQ in the carbonates. Yeah, The scales are definitely tilted in the bigger companies' favour down there because obviously if you're a driller, going from small account to small account to small account, it's quite transient so you get more love. To get their attention, you need to show that financial resources. And luckily, we were able to, when we hit that first drill hole, we had Eric Sprock calling us the very next day and raised another $7.5M. And yeah, the drillers who wouldn't have taken our call back then, all of a sudden, there we go, yeah, oh, you guys want some rigs?
29:06 Okay, sure, yeah, here you go. So, it's easier. We see Barrick next door, and they keep on hitting drill holes right next door to us, and we're kind of happy because it's next door to us, at the same time, we're like, stop, because that means you're keeping the drill up on site, so. Yeah, yeah, yeah, it's annoying. All right, well, I'm wondering what sets your property apart from the other exploration companies in Nevada? I'm gonna just go around, starting with you, Sean. Well, fairly easy question for us because the project areas were all based on a concept. It's a pull apart basin concept. It's done up by a PhD geologist who spent 30 years looking at all of his data.
29:55 We're looking for things in the basins where not a lot of other people are looking. Shallow cover is key. So we're looking at the foot of the mountain and when you're looking for large-scale discovery in Nevada, That's something that can come anywhere, I suppose. But when you're in the range, you're looking at exposed rock and outcrop. People talk about jasperites all the time and exploration down there. You don't have the benefit of that for when you're looking in the basins. So our methodology is leading us to some good drill targets. And I expect that if we make these discoveries, then people are going to pay a lot more attention to the basin. So the benefit in our case is if you're somewhat of a first mover in that way, and that's something that you can't say very often in Nevada So that sets us apart.
31:03 And not to mention we have about 20 projects and about 2300 claims. So it's a significant land position. And when we talk to contractors, they're interested as well because of that scale, I guess. Great, absolutely. Anthony? For us, it's our geologists. You know, having a geologist is great, having a good geologist, But really what makes a geologist great is making a prior world-class discovery, which means they have had the experience, they know what to look for, and it helps even more if they made that discovery, you know, 4 kilometers away. I always tell people, you go down the Golden Gate, and you look north, well, it's about a 45-minute walk, and Everyone's been in New York City here, at least I have. If you go from the Empire State Building, you look at the World Trade Centre, that's the same distance we are from Gold Rush. It's the biggest mine to come online in the last 10-years. We have that geologist.
31:59 Our property hasn't been proven yet, which is why we're able to have it. That's why we're able to drill it. But it's as close as it can be to those other world-class discoveries. Pipeline got discovered in 1991. Then Cortez Hills 10 years after that gold rush. So we're on a collision course for another big discovery. Our company is essentially a green, we're essentially the exploration arm for Barik. So I think our location and our people. And Andrew, what's funny, I think our VP probably worked for your executive chairman in the past at Placer. Yeah, he would have. So both great geologists, we have that in common. Everyone here looks great anyway. And Andrew, I'll pass it to you next. Yeah, well, you know, the best place to find a mine is, you know, right next to an old one. And what we've got in Tonopah is, you know, everyone thinks of Nevada for their big gold endowments, but Nevada is known as the silver state, and it's a state because of the big silver discoveries. The Comstock load discovery in the 1860s is what actually helped fund the American Civil War and got Nevada seats in the Senate.
33:05 But it was the Tonopah discovery that really, really established it and solidified its statehood there. And, you know, Tonopah itself was cut short because metals prices tanked in about the 1920s, early 30s, leading into the Great Depression. And we're literally the first group to go back in there since production shut down like 90 years ago. And it's effectively been hiding in plain sight all this long and we're just picking up right where the historic miners left off and just drilling extensions of known veins. And we're showing the historic miners left a hell of a lot more joy and goodness for us. So There's many more chapters to be written on this really consequential district down there. And the best part is it's just been waiting there for us to tee off. And I mean, as I said, we started hitting it out of the park from drill hole number 1 and haven't looked back since. And, you know, we've only just gotten started.
34:00 So yeah, that's that's what sets it apart is just it's it's really it's it's amazing that it's been hiding untouched for so long, literally halfway between Vegas and Reno with, you know, some of the most active jurisdictions on the planet. Absolutely. And Morgan? I can definitely resonate with what Andrew's saying with our Eliza and our Silverton project. And being the Eliza project was 1860 to 1870s, right around that Comstock low time. I mean, that was the great silver rush right after it. I mean, they went there, they mined out over 40 million ounces with picks and shovels. Like some of these mines only go most the mines only go down, you know, 20 meters, 30 meters max.
34:45 They're not deep mines, but they were very high grade. And if you look back in the old text, I have a pretty interesting old book. It talks about them walking away at 3,000 grams a ton because the metal price back then was, you know, 90 cents a dollar. Right. So you start you start talking about walking away at 3,000 grams a ton and everyone here knows that if you start drilling 3,000 grams a ton over any distance, you're in very good territory, as Andrew's very well aware. The other interesting thing about Nevada, in the sense that why people go there, especially for us, is there's not only silver and gold, but there's also copper potential, right? There's these large copper porphyries that can be buried under a CRD-type deposit.
35:31 And that's what we think we're finding at our Eliza project is something that they'd scrape the surface of silver and part of it. We picked up the lower part where we still think there's pods, lots of pods of silver, but we're seeing this potential copper porphyry right below us. And that's something that is very overlooked when you talk about Nevada Lake Andrus, that silver state. You hear about Barrick, you hear about these large companies mining Gold. How many copper mines and pure silver and copper mines do you hear about? Not many. And I think there are quite a few. And to really talk about what Sean hit on in the basin, I do believe you know with our Silverton project, we look at that and we go, it's covered, it's alluvial shale, it's covered right up. And you can see how it dips. Like there's just, there was not technology back in the day. There was not the means to go and discover these deposits in these areas. And now there is, and people like the people on this call are going back to these areas or going to new areas and using technology to have these great, potentially great discoveries. So there's a lot of discovery potential still in Nevada. I had 1 geologist, which I'm sure all your geologists would know, say to me, he said, there's a lot of moosh pasture, but underneath that moosh pasture, there's a lot of potential.
36:48 Great, Thank you so much. I just wanted to go, before we open the floor to attendee questions, go around the room, virtual room, and just see if there's anything you want to highlight to investors that you haven't had the chance to talk about in this discussion. I'll just do the same circle, start with you, Sean. Well, I think that our company has spent about a year evaluating the portfolio that we acquired. And we're now at the stage where we're talking to potential joint venture partners to fund drill programs. So, you know, the maturity of the company is coming fast here.
37:35 We're watching the economic trends with a lot of interest, but the day-to-day is not a big deterrent or you don't get too excited either way, up or down, because the basic scheme or economy that's being laid out in front of us here for the next 2 to 5 years is consistent with our plan. Gold producers are making a lot of money and have been for a decade. Since their last round of acquisitions, they've been fixing their balance sheets and building their war chests. We have a plan to retain significant positions through royalties, shares and cash payments, and have multiple projects ready for buyers in the timeframe that they'll be looking to produce or sorry, replace their production assets.
38:33 So, you know, I'm very excited to hear the stories of everyone else here as well. But Nevada is an exciting place. And as long as there's a lot of people like that operating there, then, you know, we'll all have a lot of directions we can take this. Great, thank you. Anthony? I think we covered everything. Nevada is a great place to be. Want to be a safe jurisdiction, want to be in Canada, Australia, or really Nevada. And I think everyone should make their own investment decisions after doing some careful research. Look at where the asset's located. Look to see how much of the money that is invested in the company is actually going into the ground. I know we're putting a lot of money into the ground, certainly Andrew's company is. You just talked about how they put US$40M into the ground. And just look at the team. I always tell my father, you don't invest in a company unless you know who's running the company, who the VPX is.
39:22 Those things are very important. The people, it's the property location and how much they're drilling. American Eagle is doing a lot of that. We're very excited about our prospects and we're currently drilling. And you want to look at what catalysts are ahead. In reality, this is a lottery ticket for everyone, all the investors, all the companies. And what I'm trying to do, I know what these other CEOs are trying to do, it's like finding a needle in the haystack. Our job is to make that haystack as small as possible. And I just touched on the things that make that haystack smaller. And we're trying to make the probability of success for American Eagle Gold as high as possible. That's what we're doing at American Eagle Gold. So we're drilling, we're in Nevada, we love the jurisdiction. Great. Thanks. Andrew, what can shareholders look forward to? Anything you want to communicate? Yeah, listen, we're staring down the barrel of probably what's going to be our biggest catalyst since we hit on our very first drill hole and that's our maiden resource estimate, which is on track for completion this quarter.
40:17 Before we get the resource out, we've got a whole bunch of drill holes pending assay, which are the very last of which will form the basis for this resource. So we've got drill results which would be, I'd say, imminent, and the resource within a month to 2 months from now. And I think that's going to be the biggest single re-rate potential that we've had since we started drilling this thing. So I'm very, very excited for that. And from there, I mean, winds that are back, we've already got 1st majestic in as a, as a strategic shareholder, but I think, you know, I'm not sure if we're going to be predator or we're going to be prey this year, but either way, this resource is going to give us, put us in a really, really good position. And it's not a bad time to be looking at coming along for the ride. Great. And Morgan, anything you want to tell investors? Yeah, you know, it's for us, for us when we started Silver Hammer, the goal really was to concentrate on the Western US. Obviously, with one of our flagship mines being in Idaho, we were able to pick up these projects in Nevada. And by doing that, we are now able to start drill targeting and drilling in Nevada in very short order.
41:22 I'd say, you know, if any comparison in Nevada, we're right where probably Andrew was before he hit his first drill hole with the Tonopah district. So for us, we have that large potential, that large re-rate potential when we start drilling our Nevada assets, especially at Eliza and especially at Silverton. And I think you're going to see some interesting results coming out of the Silverton project here in the near future and look forward to what we're gonna be doing at Eliza in the Mount Hamilton district. You don't get many opportunities to pick up things that people, you know, pick up toys that someone dropped 140 years ago and go back to them and say, well, why did they drop this? And they're in pristine condition and ready to be used again. So we're really looking forward to what is underneath the ground there and dumping a lot of money, hopefully, into drilling and putting our money where our mouth is, but also that large potential that Nevada offers.
42:21 Great, thank you. All right, we're going to open the floor to some of these attendee questions that have come in. Deborah is asking, what risk is there from the Democratic governor of Nevada? Is there a danger of economical restrictions or taxes being increased? This is open forum, whoever has an answer. I'll attempt an answer there. Nevada is so mining dependent and has been thought of as a mining state for so long that I think the Biden government in particular is not in a position to mess with the economy there. I think they're going to continue to support mining, even if it doesn't satisfy the green side of their party. There's just the practicality. We've seen what they did in the Gulf of Mexico, honoring the lease process there.
43:18 There may be some small changes, but I think everyone here is used to working in jurisdictions where they've been adding these things for a long time. So whatever they throw at us, it'll still be a worthwhile place to be. And, you know, the governor has also shown that they're sensitive to criticism from the Republicans. So we know that The Republicans are very strong mining supporters. So, you know, maybe the biggest threat is from the Interior Secretary, who has a lot of concerns over First Nations and traditional lands or monuments.
44:04 That may affect some areas of Nevada. Fortunately for us, we're not in any of those areas. But as far as the taxes go, I think that that's a manageable risk for a mining company. Taxes are a good problem to have. It means you're making money and it means you already developed your mind. You made a big resource. So happy to pay taxes someday for us. Anything else to add? No, I think, you know, Nevada's a purple state at the end of the day. I mean, they've got a Democratic governor. That's, you know, that's all influenced because of the, you know, Las Vegas and that county down there. But literally, the rest of the state is like a different world. And that's they know who butters their biscuit.
44:50 And that's that's the mining industry. So yeah you know that's something I don't think they're going to really upset that. Certainly especially you know in an election year or 2 I think we're going to be the midterms coming up. I think it's going to be business as usual for the foreseeable future. We have a question here for you, Anthony. What is the end goal of American Eagle Gold? If you find something, is it to build a mine? I'm not going to lie. I can probably count on my hand how many even major mining producers are actually good at building mines. 2 of them are actually right next door to us. Our goal is to create value for shareholders, create a liquidity event, make a discovery, but we're not in the mine building business. It's tough enough to find discovery.
45:36 We're world class geologists. We want to make a discovery, maybe to find a resource, but eventually sell to someone else. I would never say we want to build a mine. All right, thank you. Questions for all of you. What do you see as the biggest problem that the mining industry will encounter in the next 5 to 10 years? I'll jump in. I'll call it the silver tsunami. It's the, you know, you're gonna see massive retirements in mining's an industry that really hasn't treated their people all that well over the many decades because it's just feast or famine. So I think you're going to see brain drain of the industry from lots of very experienced people in their 60s and 70s. I mean these are, I know 80-year-olds in the industry that could beat the shit out of me. I mean they're strong. These guys have lived in tents and traversed mountains and they've dealt with everything.
46:31 But the mind is there but the body just might not be soon. So you're going to start to see this loss of people knowledge and it's not really being replaced all that effectively. So the companies that will succeed are the ones that have fostered their talent and are able to, I guess, attract the knowledge base that's required. But I think talent is going to be the biggest issue. Definitely. To talk about that a bit, when you talk about the human capital side, I mean there's the talent on the geology side which we obviously know is waning very quickly. Not a lot of younger people are going into resource geology, more environmental geology type things.
47:16 But also the lack of understanding in a generation. I mean, I do not know, my background is mind building, is being in the mines and you know from everything from the engineering side all the way to the production side and I don't know many people coming in wanting to operate a jack leg, you know, jump on a stoper, you know, have white knuckle and listen to their dads talk about how their hands don't work anymore. Like we're going to need to invent our way out of this. And the reality is I tell the story every now and then. A good friend of mine is a tech person and he's done very well in tech and worked for a very predominant company and he's probably one of the smartest people I know and every time we talk about mining he gives me this blank stare. He's 30 years old, I'm 36, I'm technically a millennial and He gives me this blank stare and he has no idea what I'm talking about. He's from a farm originally.
48:04 And he's like, you know what, man, doesn't it just like, you just make a big hole and this is kind of like the disaster it turns into? I'm like, no, that is not mining. And I think there's a fundamental misunderstanding in a generation that needs to change because if it doesn't, you think metals are going to skyrocket from industrial growth. They're going to skyrocket because there's going to be no 1 there to pull them out of the ground. Anything else to add before we move on to the next one? I'm worried about Gold long term. I know people have bullish fundamentals behind it, but you look at ESG and you look at mining, if you really look at what's best for the environment, most of Gold is put back on the ground. So you're essentially disturbing the earth just to put it back on the ground. So once you have the money, it'll start to really realize that. Is there really a reason to mine gold anymore? Why are you doing that? You know, you think oil or coal is really dirty, but at least that material is getting utilized. Gold isn't going to utilize it. Stuck back in the ground. So it really doesn't make sense. And that's where blockchain kind of comes in. So if you can actually define a resource and actually put it on some rails and actually allow people to own that gold without taking it out of the ground, I believe that's really the future. So it still creates opportunity for the exploration companies, but maybe some sort of a roadblock for the mine builders, etc.
49:20 Interesting. We have another question here from Ramo. What strategy do you explorers have to make sure your first hole of exploration are not disappointing, your first holes? Is there any strategy to lower that risk? I'd say well the more data you have to work with the better, you know, but you know generally you get rewarded most when you make a blind discovery when people aren't expecting it. I mean, the chances of hitting some, of taking an exploration, you know, a bunch of claims and turning it into a mine, it's like 1 in 10,000, right? Like, so the odds are scaled against you from Jumpstreet, but, you know, it's, you know, it's a risk, It can be an expensive treasure hunt, but it's about getting the odds tipped in your scale and that's just data driven. And having a good geologist helps, having a good project helps. Being on an established trend that just might be under-explored, that means you've got all the regional data that helps, but ultimately it takes a lot of grace and a lot of luck to hit it.
50:31 Yes, I would add to that, something that was said earlier, the old adage that you find mines where there's Gold or where there's an existing mine. In our case, we started with 250 prospects, narrowed that to 20 or so. And their basis for that was some technical criteria, of course, primarily that, but the final call comes down to practical considerations like who are the surface owners and can you, I guess, improve your odds? And so a lot of our portfolio right now that we're running with are next to known deposits or existing mines.
51:23 When you're dealing like we are in large-scale things like structures and tectonics and the formation of these deposits, Being next to those existing mines and deposits is probably the best strategy. We can see where it continues from economic mineralization into our areas. So That's our method or one of them. Great. Thank you. Just last question here before we have to wrap things up. Eric's is asking, what is your each of your anticipation of the price of silver and gold in the future? Well, I'll start If I knew where gold was going to go, I wouldn't be in this business. I'd be trading gold. But I'm bullish on long term. I think it's going to go above $2,000. It's just a matter of when.
52:13 So yeah, I think we're sideways trading right now. If you look at from 2013, 2019, it's high-waste trade. For 6 years, they're around $1,300. So I think we're going to sideways trade for a little while between the $1,750 and $1,900 band, but I think we're going to be posed for a breakout eventually. Yeah, I think the easy money, you know, the reason why gold and silver haven't really gone anywhere, I mean, they're doing historically very well, it's just how, the reason they haven't gone anywhere in relation to other assets is that there's been so much money, so much liquidity pumped into other things that, yeah, I mean, people are making money hand over fist in these meme stocks and Netflixes and Peloton and all these things. Well, guess what? You know, with the Fed, you know, signaling as though they're going to be hiking rates, that easy money environment is going to be over pretty soon. And I think that's what's going to cause these big pension funds and these big institutional investors to, to double down and start actually reconfiguring their allocations more into precious metals, more into safe haven assets, because the easy money has been made now. I think you're going to see the markets roll over just as they have to start the year.
53:20 But I think what that's going to do is ultimately, you know, you see everything gets treated like a stock. At first, just last week, I mean, you know, gold and silver looked like they were going to go and then everything got thrown out, baby with the bathwater. And now there's just a bit of reverberations, but I think somewhere to March 2020 when the market just, you know, puke the bed there for a bit. All of a sudden it took that all that easy money was was out of there. People were scared. They pulled their money off the table, and then they deployed it into gold and silver stocks, and you had the mother of all bull runs that summer. I think we're set up for that in the next few months here, once they start actually hiking. Because all that expectation's built into the market now, I think you're going to start to see the big money move in.
54:06 Gold and silver are very, very small industries globally. I mean, compared to the tech companies, for example, or compared to all other industries, it doesn't take much for these big funds to really change the course and that rising tides going to lift all boats. So I don't know what it's going to be, but I think gold is going to hit $1,900 before it hits $1,700. So put it that way and silver is looking pretty good here. So yeah, I think that was not a bad time to be looking. What's hilarious, I was in New York City in 2019 at Mines of Money and gold's at $1,300 and we were just praying gold would go to $1,500 because a lot of our mines would be profitable. And now gold's $1,800, $1,850 and people are crying again. This is a pretty good price to keep some of these major miners profitable. And I think the gold gods are looking at these major miners and say, we're giving you extra $500 on the margin.
54:54 You guys can't make money now. Maybe you shouldn't be in the business. So it's a natural way to just get rid of some of these inefficient drillers that invest in bad properties and just let their costs get out of whack. It's absolutely insane. Look at anyone that's building a mine right now. It's taking longer. It's cost hundreds of millions of dollars more. They shouldn't be in the business. Yeah, unless you're B2 Gold. Unless you're B2 Gold. B2's a great builder. That's what I mean, Lester B2 Gold. The other thing I wanted to say, they're the best builder. They should be a major. They should be. I think Andrew, what you said is true. With silver and gold, generally, interest rates went up, gold and silver kind of tanked. I think people are borrowing heavily on low interest and investing in high risk. And to what you said, it's gonna come back to a safe haven. That's your gold, that's your silver.
55:44 As The industrial use increases, we all know what silver, the industrial use is increasing by 2030. It's gonna be exponentially higher than it is now. People are gonna realize that things like copper, I mean, you've seen copper break out. They're saying it's gonna test $5 soon. Like it's, These are historic highs because they're now being utilized and there's light coming to it. But the minute people start pulling money off the table because it's not low interest and their risk tolerance changes, that's when they go back to safe haven. I think that's very soon. 1900 to 2000 for gold, I mean, I think it'll probably spike to 2100, but it'll definitely pull back and sit around that 1800, 1900 for a while. And silver, hey, I'm happy where it's at. And if it goes up, it's upside. If it goes down, you just got to figure out a way to make it work, right?
56:32 I mean, traditionally, these are very good numbers. This is the most money majors have ever made. They're very profitable right now, even given their stock performances, but their war chests are huge. They're making massive profits and they're still pinching pennies. It's pretty impressive actually what's going on in the industry. And look, we've seen this week how much people are refocusing on the actions of the Fed. And the advice that, the early advice that you're seeing from kind of retail investment advisors has to do with getting back to diversification and hedging. So you know, portfolios, whether it's a central bank or a personal portfolio, I don't think the recommendation has really changed away from 10% Gold and Gold stock holdings, but people are underweight on that big time.
57:27 They had it in other speculative ventures, right? Crypto, etc. So, yes, there have been competitors for metals over the last year. But with all of the volatility expected this year, that's the definition of turbulence. I think There's a lot of advisors who don't know the ultimate effects of these changes. They're debating, well, what are the real rates versus the post-decrease, et cetera, to figure out the impact of the Fed. But in the end, the best recommendation and the only clear recommendation I've seen has been toward gold and gold stocks. Great. Well, that is all the time we have for today. I just want to thank you all so much for all your incredible insight and for joining me. And of course, thank you to everyone who joined and asked questions. If you do want to follow up with any of these companies, there's more information on each of their websites. I'm just going to quickly read them out, but you can also find them.
58:25 American Eagle Gold is AmericanEagleGold.ca. Cordis Metals, CordisMetals.com. Silverhammer Mining at SilverhammerMining.com. And blackrocksilvercorp at blackrocksilver.com. So hopefully you can reach out to them directly and I'm sure they'll be happy to answer all your questions. Thank you again for your time today, everyone, and have a great rest of your day.
