Traditionally, before the elver industry started about 30 years ago, all of our eels were captured as adults and sold as adults. Now, the price for that today has made the fishery not worth the time.
However, a collection of elver licence-holders have been trying to get our own aquaculture facilities off the ground in Nova Scotia and New Brunswick, to grow these fish here, create jobs and create more revenue. We believe we can do that, and it would be beneficial.
We've invested millions of dollars in this already, and we are getting close; however, the idea is stalled, because nobody is willing to invest. Nobody wants to be a part of an industry with such turmoil and uncertainty. How does anybody know if there's going to be an industry next year, with these kinds of things?
These problems have spun out into the side projects of value-adds that we could do but are stalled on.