Hi, I watched the comments on the budget from Nicolas Marceau last night. 2 things for mining projects. First, royalties; the government will put in place a committee to study how they can put a system in place that will be positive for future investments. Probably that it will be a lot less agressive that their first idea.

The second one is very good for MDN Crevier project. For all the projects over 300 Millions it will be tax free for the first 10 years. That gives a nice support for the bottom line and gives a better return on investment.