Thank you, Mr. Chair.
Thank you for giving up some of your time, sir.
I think it is important to note that the development of this bill, the amendment of this bill, is to us only part of a total initiative. We have to modernize the regime we work under; then I think we follow through with some of the other work that we feel has more priority for first nations, such as having a genuine opportunity to take advantage of business opportunities—for too long we have let others reap those benefits—not as royalty receivers but as profit makers. This is where some of our first nations want to head.
You just have to look at Chief James Ahnassay, our other chief, and at Joe, and at some of the business initiatives they are into. For a time, Chief James and his tribe owned five rigs, and they did very well. They still own several, but they have moved some of their rigs and made good profit.
The Frog Lake people are really developing, utilizing new technology in the extraction of heavy oil. The reserves are there; it's only a question of developing the technology of how to extract more heavy oil. They're well into it. They've taken over a lot of the operations from a big company.
In Saskatchewan they're really taking advantage of the TLE settlements that are occurring there. They're not just taking over as royalty receivers; they are engaging on the business side, because they realize that this is where the real return is. You get more resources—not just through money, but you begin to develop your own human resources—through capacity building.
To us, this is really just a part of a bigger process.