Yes, exactly. The security of mineral tenure at the exploration stage becomes the critical precondition for the financing that generates that high-risk investment.
When you work in an area where you have unsettled land claims or massive interim land withdrawals, such as in the Dehcho area and the Akaitcho area, exploration companies are going to be less likely to invest there, all other things being equal, than in an area where there's a settled land claim, where there's a land use plan, and where the communities are on board and have been engaged by a planning commission to identify their cultural sites of significance, their hunting and gathering practices, and so on.
In the NWT and areas where there isn't that kind of certainty—now I'm talking about land claims—as an explorer, I would choose another jurisdiction with similar geology. From the exploration side, that kind of uncertainty in the NWT is not helpful.
On the regulatory side, when you strike something in your drilling and you think you have something good, but it's going to take 10 or 15 years to get through to the mining side of it, again, all other things being equal, you're going to choose a different jurisdiction. I mean, I hear the capacity issue, and certainly our industry supports more capacity, but that's the exploration dimension.
Maybe I'll let Rick—