Of course, it's a major issue. There are many different ways of looking at this. If you're a junior company trying to bring a mine into production, time is everything, and delays in projects, or the uncertainties built into projects that can lead to delays, can literally kill a project.
Larger companies that may have cashflow may be able to withstand the delays. In the past decade our industry has undergone significant consolidation, so we're often dealing with large, major multinational companies that have projects around the world, and they get to choose where they put their resources.
There's a project right now, for example, in Nunavut that has been put on hold for five years, a project owned by Newmont Mining. It is in large part because of the uncertainty and the time constraints that were involved in bringing that project forward that the company has put that on hold and decided to put its cash dollars into other projects they may have elsewhere in the world.
So this is very real today, and I would suggest that it's more real now than it used to be, because the industry is much more consolidated than it used to be.