On your first question with respect to access to capital, it is obviously something that is required for these businesses to move forward, because most exploration companies are non-revenue-generating, so without new investment coming into the company, there is really no feasibility to move forward.
We saw this market turn south or downturn with respect to the overall broader markets in 2022, and the amount of capital raised by the sector generally was down, I think, over 25% or 30% year over year. The overall access to capital for exploration is starting to squeeze.
Arguably as well, when you think of projects outside of gold and copper, some of the more traditional commodities, and look into rare earths or some of the critical minerals, the lead time for exploration, the amount of time for development and for that return of potential revenues to the market is even more protracted. It is even more challenging if a smaller company is looking for investment and is looking for lithium or rare earths, because that overall production scheme is more complex and the time is more expansive.