I think the issue of costs is quite interesting. As was mentioned by the previous member of Parliament, there are a number of very successful land-based closed containment fish farms. In fact, right now, one in Nova Scotia is selling its fish around the world. It's another halibut operation. It certainly can be profitable. In fact, it's my understanding that Canada is developing some interesting new technology for closed space systems, which in fact a Norwegian company is looking at right now. A Norwegian traditionally open fin fish salmon culture industry is looking at it.
I guess the other issue around cost—and I'm not saying anything new, because I know you've heard this—has to do with the profit margin. For open fin fish aquaculture it is over 50%. Another number I'll throw back at you is the annual licence fee for a lobster fisherman, which is $1,800 in Nova Scotia. The company that in fact has 200 acres of St. Mary's Bay and a million salmon paid $1,000 for its lease—that's it. For one company it was $1,000. We have 21 lobster fishermen who have been displaced and they currently pay $1,800 a year for each licence.
I think that industry has some capacity to absorb costs.