My view is that it's a combination of factors, including the fact that there are no longer any phosphate processing plants in Canada. The Agrium mine closed in 2013, and the plant that was converting some of its concentrates closed shortly afterwards. What this means is that if we want clients, a company like ours has to export 100% of its output.
Access to trade routes is also a challenge to the Canadian mining industry generally. Our land is vast and it's often difficult to transport concentrate to a railway line or a port for export.
These factors generate high costs. I mean both investment and operating costs. This negatively affects project profitability, which can reduce investor interest, and we end up paying the price.