The really great news first; A couple of other points to note is on inventory, you’ll notice in our current assets, our inventory is quite a large number, and it does include C$120 million in mineral inventory and that is gold, primarily on our heap leach pad as well as in stockpiles or finished goods. And I just want to remind listeners that that $120 million is based on cost. It equates to 105,000 ounces in mineral inventory. And if those ounces were valued at today’s gold price, the valuation is over C$250 million. So, we’ve got quite a slug of gold in inventory. We expect the vast majority of that inventory to come out to 2022.
And on debt repayment, I did mention that we’ve paid over $60 million in 2021. We do expect to repay at least that amount again in 2022. Dependent on where the gold price goes, we may pay more down than that $60 million.
A first for discussion on a CC:
Just a couple of comments on the guidance we provided. I’ve talked to one of our shareholders Friday, and he said, I don’t understand why you had to sandbag the market. I guess, my comment to that is I don’t think we’re sandbagging. We are being conservative with our guidance. It’s -- we’re still in a pandemic. We’re seeing impacts on both, supply chain and the operations as a result of COVID. And we have a war going on in the Ukraine, which is further having an impact, particularly on supply chain. So, we were very conservative with our guidance. And I think we want to make sure that we’re comfortable that we meet it.