It's fascinating. In the north you get to the number of $23 billion because the size of the projects is so large. You simply cannot advance a project in the north unless it has significant size because of the cost of getting there. There's a lack of infrastructure. So that critical mass generally brings you between a $1 billion and $6 billion project. As we like to say, it's generally a large infrastructure project with a hole at the end of it, which is the mine or the oil and gas site, or things like that. They are quite large in scale and scope, and they're at every spot in the north. We share maps with a lot of our clients and we have dots on all of these projects. And Yukon, the NWT, and Nunavut all have these major projects that are coming through. Some of them are brand new projects of grand proportions, like the Baffinland iron ore mine, which has been known for 60 years and has now reached the point where it's ready to go. There's also a bit of a pattern that's developing where, through technology, some older mines, especially some older gold mines in the Yukon, are now able to come back on stream.
I had a fascinating meeting this week with a company that operates a tungsten mine in the Yukon. Through technology, they're actually able to go to an old mine and get a better ore output than they do from new mines in other parts of the world.
All this to say, they are at all different points and all different shapes and sizes.
