I thank you for your question because I think it's a really important one.
The CPRA under this legislation sets a time limit for the exploration permit for a reason. It's nine years. You may not think that time limit is long enough, but that is the law. When a company bids on a licence, they commit to doing work within that nine-year time frame, and they commit a deposit, which amounts to a quarter of their intended expenditure. As I say, for one of Imperial's licences alone that is $400 million. They have not spent anything near that commitment. Under the terms of the legislation, if they don't do the work within the nine-year time limit, they have to forfeit that deposit.
We're simply saying that this is the process that should be carried out, because the CPRA does not allow for term extensions to these licences.