Indigenous and Northern Affairs committee  Yes, that's correct. We're looking at any of this as an at-risk investment, but there's definitely a payback. If no mines show up, if they don't last any longer, and that sort of thing, then it's a bit risky, it's certainly not financeable by conventional methods. But if a mine stays open one extra year, it's an incredible upside, both in taxes and revenue stream.

Indigenous and Northern Affairs committee  That's in the $120 million.

Indigenous and Northern Affairs committee  We're looking at some funding in order to make this a true infrastructure project. Rather than just putting up poles temporarily for the life of a mine, we're having something that's going to last at utility grade standards for future mines. We're having things that aren't financeable--you can't get the funding for that from a bank because there is no real customer--as well as developing the hydro plant to a size that maybe exceeds the customer base now, but would be available for the upside in the future.

Indigenous and Northern Affairs committee  The Nonacho infrastructure is the main reservoir for the existing Taltson plant. It's built in a rather strange way, in that the powerhouse itself is 100 kilometres north of the plant, which is the way they did it in the 1960s. What that allows us to do, though, is build subsequent power plants below that reservoir, so there actually is quite a bit of hydroelectric potential that this project could enhance at a later date.

Indigenous and Northern Affairs committee  No, we do not. And actually one of our struggles in discussions with the customers is their stranded assets, the depreciation of the diesels they have bought, and that sort of thing. They've invested in that equipment already, so our hydroelectric alternative has to compete against that, which isn't quite a level playing field.