Thank you, Mr. Winter. Your comments did take quite a while, but I think it was important for the committee members to hear them. It was a good presentation.
We usually run out of time for our members to ask questions here, so we'll start our first round, work through it, and then if we have time for a second round, what we did in St. Anthony was to allow all members a five-minute round and everybody got a chance to ask questions.
I think our first questioner is Mr. Simms.