Mr. Roland is correct. Companies can continue to do exploration, continue to do development and so on and they can avoid a lot of their corporate taxes by doing that, but they cannot continue to develop forever, particularly in a commodity like diamonds that holds its price and has held it well historically. So at some point, they are paying a large amount of taxes.

I expect if we are talking about the diamond mining companies themselves, it probably takes about four years. Some are estimating less than that for them to be able to recoup their full capital investment and beginning to pay taxes and royalties in full.

We have all sorts of other things that happen as Mr. Roland points out. They could do further developments and so on. Our projection is that without any resource royalty sharing or anything else like that, just staying with the present arrangement we have now, the average corporate tax revenues for the Government of the Northwest Territories under today's scenario would be $161 million a year average over the next 27 years. A lot of that is coming up front in the first ten or so years and gradually tapering off as some of the mining slows down.

That is just based on the current development and an assumption on a pipeline. It is not looking at any further expansion. I guess the bottom line is we will see corporate tax increases and that will start within the next couple of years. Thank you.