Thank you, Mr. Speaker. The Minister and his department are currently working on the northern accord which includes minerals and oil and gas in the north. I would like to get the Government of the Northwest Territories to administer that and work with the First Nations to achieve this. Once that is done, then the department is working on an internal strategy on how to revamp the current royalty system. Today, Mr. Speaker, from the media this morning I heard a mining executive saying that, instead of trying to squeeze the last drop out of the mining industry, it is better to create more mines. I would like to ask the Minister about the work they're doing to develop a new mining strategy for the royalty regime. I wonder if he could tell the House how he and his department are developing this strategy. Thank you.