Ruth commented earlier that one of the reasons for going to closed containment is to reduce risk. I think it was Ruth who made that comment. That's what it really is all about.
First of all, I want to be very clear. In Chile, where they are going to closed containment, it's for smolt production. It's not for production of market fish. It's for production of 100-gram fish during the freshwater stage of the life cycle to transfer into the ocean.
I should just add one thing on top of that. We have talked about smolt production a couple of times and we have talked about brood stock production. In my opinion, there is no technological limitation to closed containment aquaculture. We can grow fish anywhere, in any place on this planet, including in the middle of the desert. We can recirculate as much water as we want.
But aquaculture is a business, and at the end of the day we're growing fish to make money. When you do that, you have to look at the unit cost of what you're producing. When you're growing a smolt and you put it out, let's say for argument's sake, at a price of $2, more or less, that's $20 a kilo. Compare that with the market price of a large salmon.
You can pay for a lot of technology at that kind of market price. When you have brood stock worth hundreds of dollars a fish, you can pay for a lot of technology. When you're selling a commodity, the closed containment recipe is just not there.