Financial Data and Key Metrics Changes - In 2025, the company eliminated all debt from its balance sheet, which had previously created an overhang on its stock [7] - The company reported approximately $175 million in cash, which is expected to exceed $200 million with the exercise of recent warrants from a June offering [9] Business Line Data and Key Metrics Changes - The company has made two significant high-grade silver discoveries, which are expanding in size and delivering excellent results [8] - Three drill rigs are currently on site, with two additional rigs expected to arrive around mid-2026, indicating a strong commitment to exploration and development [9] Market Data and Key Metrics Changes - Gold and silver prices are at all-time highs, with silver expected to reach between $200 and $500 in the coming quarters according to experts [10] Company Strategy and Development Direction - The company aims to expand its high-grade systems, test new targets, and advance towards a production decision [10] - An updated resource report and a technical report are anticipated in the new year, reflecting the company's proactive approach to development [10] Management's Comments on Operating Environment and Future Outlook - Management views 2025 as a transformational year, emphasizing the importance of the new institutional shareholder base and the elimination of debt [7][8] - The company believes it is uniquely positioned in the current market with the right team and balance sheet to capitalize on opportunities [11] Other Important Information - 80% of the company's shares are now held by long-term institutional blue-chip shareholders, including significant investments from Eric Sprott and other major firms [8] Q&A Session Summary Question: Availability of the stockholder list during the virtual meeting - Management acknowledged the issue and suggested addressing it after the meeting [11][15]