Our investment target in Alexco Resource Corp. was reached on 27 August 2019. We exited at U.S. $2.43 for a return of 87%. We added to our position in Equinox Gold Corp. on 20 September 2019, raising its weighting in the NuChem International Catalyst Fund to 8%. Subsequent to the release of an updated PFS, we raised our target in Vista Gold Corp. from U.S. $5.44 to U.S. $5.50. On 26 September, we initiated a position in Black Iron Inc. Fahy Capital Management does not have any additional Q3 Updates to report.