I follow this company as it's a potential SC bidder :)

highly probable!! Elmer needs to go to Newmont! another Teck JV partner!

Lawson Winder

I'm going to ask 1 more. I apologize to my colleagues if I've asked too many questions here, but I just wanted to get your thoughts on buy versus build. Just given the CapEx inflationary pressures here, is there an incentive here to perhaps look at additional M&A opportunities and particularly larger, more meaningful M&A opportunities? And I'll leave it there.

Tom Palmer

Thanks, Lawson. And for those waiting in line, we'll stay on the call until with the amount of information we've shared this quarter. We'll start on the call and work through everyone's question. Lawson, our strategy doesn't change. We are very much focused on running our business and investing back in our business. The best investments you can make here back within the projects that you know very, very well. So that is our main focus, delivering value from that well-managed operations and bringing on and developing our organic project pipeline.

But that doesn't mean that our radar isn't turned on. And if an opportunity presented where we could pick up an asset or a portfolio that met Newmont's criteria around size, scale, cost profile and jurisdiction, then we would run the ruler over that. If we felt that we could add more value with that asset or portfolio sitting within our operation. But to be frank, 99% of the people who work at Newmont are focused on delivering value from the portfolio that we are managing today.