Well, unfortunately Mr. Speaker, first of all my colleague is correct. His numbers are similar to ours. It is approximately $2.4 billion in the life cycle of this one BHP mine which everybody is focused on right now and I agree with him. There is a distinct possibility that we could be looking at two, maybe three, and certainly would encourage it, as the Premier said earlier today the comments made by our colleagues and friends at Diavik that they are prepared to work closely with us to ensure that there will be some maximum benefits to northerners on their mine. Out of the $2.4 billion, in theory we would get $800 million but in reality because the way our formula is set up because we are penalized for the tax revenues, we probably get about $130 million over the life cycle of the mine, which is $6 million which is roughly about a school and a half. Thank you.
John Todd on Question 562-13(4): Diamond Sorting/valuation Facilities
In the Legislative Assembly on October 1st, 1997. See this statement in context.
Further Return To Question 562-13(4): Diamond Sorting/valuation Facilities
Question 562-13(4): Diamond Sorting/valuation Facilities
Item 6: Oral Questions
September 30th, 1997
Page 1362
John Todd Keewatin Central
See context to find out what was said next.