Project economics is crucial. First nations partnerships are absolutely critical. The vast majority of the Yukon is covered by modern treaties with first nations. We have somewhat of a different universe in other parts of the country, like British Columbia. Certainly, on equity participation, or actually ownership, we had a producing copper mine that was on first nations category A settlement land, so the first nation owned the mines and minerals. The administrative structure, which had been administered by the Yukon government, worked very effectively. Royalties were payable under the existing royalty regime to the first nation. That was a successful model for participation. The training and employment opportunities, as well as equity participation and first nations participation in the pre-assessment, assessment and permitting processes are the critical ingredients for getting to go.
I would suggest that this work, in terms of bundling the pipeline to finance Canada's increased defence commitment, provides a potentially very good foundation to engage with first nations. This is the pipeline of projects that we need to meet our objective. Let's engage on the whole bundle of projects as opposed to sequentially, individually, dealing with them. Let's have a complete framework.
