First of all, and I stand to be corrected, the one thing I did learn on these trips that I have made frequently to Antwerp, London, Johannesburg, Cape Town and Gabarone...I do love Cape Town, Jane.
--Laughter
What really struck me the most when I travelled in these countries was the inordinate wealth that is being generated from diamonds because of two fundamental things, vanity and greed. If you ask any of the diamentaires, they will tell you that. When somebody mentions to me are we going to subsidize the industry, I have some difficulty when you have a 50 percent return on investment, and they expect to get all their equity back in five to seven years, and then ask the governments for subsidies.
I say to the industry it is a cost of doing business, and they should pay it accordingly and make sure when they are developing their balance sheet that the balance sheet reflects the expenditure necessary to create jobs and opportunities for northerners. If that means the reduction in their bottom line, then that is the cost of doing business in the Northwest Territories. Thank you.