Thank you, Chair.
Mr. Hodgson, I'm appreciative of your candour when you stated that your projections are currently among the most optimistic, if not the most optimistic, although you've pulled your numbers down from what they were in the fall.
I understand also that you were one of four groups that provided numbers to the minister when he was coming up with his projections. Your numbers were better at that time than what you are currently projecting. Is that correct?