It's a pretty easy, generic one, but it's a very tough one to implement.
It's the same point. Mine sites, if you assume no regulations, still take a very long time to establish. They're physically demanding pieces of engineering. Everything we do to delay that makes it riskier, so risk capital goes to where it's easier to build the mine faster.
By and large, what that means today is that the epicentre of new mining development is Africa, largely through Chinese investments. We all know why. It's because of the far too lax, in my view, environmental regulatory environment.
What we're doing is trading two extremes, essentially no regulations versus too much regulation, so the mines are opening up where there are no regulations, so to speak.