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 what they wanted to put on table at first.

The second one is very good for Stornoway. 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.