Thank you, Madam Chair. A lot of work has been done already in looking at the environmental and engineering aspects of this project, taking it to an almost complete feasibility level, and getting ready for regulatory application. Discussions have been going on with the mines for a number of years now. Just recently, we had a follow-up meeting with the mines, and they are prepared to renew their letters of interest, laying out the amount of power they're interested in acquiring, the duration of the contracts they'd be prepared to consider, and the price range at which they would be interested in the power. We believe, based on the work we've done, that we're certainly able to provide a competitive rate to them that would result in firm power purchase agreements with the mines, and those discussions are going on. This funding here is to complete the final stages of the environmental and engineering work necessary for us to be able to commit to a particular price range, so if there is a significant need for this investment, to be able to

complete that work to be able to finalize arrangements with the mines, and the mines are still very interested.