Thank you, Mr. Chair, and thank you to all of our panellists for their expertise and welcoming comments.
I'd like to go right to the suggestions on page 13 of your brief, Mr. Hoefer, in regard to enhancing mineral exploration. In my region we have two copper mines that have done a great job of promoting a lot of economic development. We have Chuck Fipke, who makes his home in Kelowna. Obviously, he can attest to the importance of exploration and making sure your industry has a stock of inventory ready to go.
When it comes to the three-year extension, because it's going year to year with the exploration tax credit, can you explain why the government should seriously consider moving from to three to five years, because of what that does for your industry?