Maybe a phase three offering is the West Block.
I'm wondering if we can go now quickly to Mr. McCracken.
Obviously the numbers paint the story of a very bungled deal and are deeply concerning, I think, to any taxpayer who may look at them. There are a couple of items I want to explore a little further so I can understand how you got to some of the numbers.
One of the items you looked at in this report you did for PSAC was a discount rate. The discount rate you used was 4.5%, whereas Deutsche Bank used a discount rate of 9%. I am just wondering if you can explain that rationale and how that might impact the numbers.