Thank you very much, Mr. Comstock.
I thank all of you for your presentations. We'll now go to questions from members. The first round will be six minutes. The second round and all rounds subsequently will be five minutes. So members do have a very short period of time to ask questions. Typically they direct them to one individual. If anyone else on the panel would like to respond, please indicate that to me and I will ensure that you get an opportunity, but I ask you to please keep your answers very brief so that they can get in as many questions as possible.
We'll start with Mr. Simard, please.