Thanks, Mr. Anderson.
As you're aware, we're still in a provincial election.
From an industry perspective, which is what we represent, what's most important is that the royalty rates need to be competitive and industries that are making investments need to understand the rules of the game at the time they're making these investments. The rules can't change midway. If the rules are changed in the middle of the game, companies will certainly take a very hard look at whether they're willing to start making investments when the rules of the game might change.
There's something else that's important to put into this equation. There are literally hundreds of millions of dollars spent on exploration every year on which we never see any rate of return. Exploration is a very high-risk venture, and that's not appreciated by many people. They see successful mines. They don't see the unsuccessful ventures that happen in exploration more often than not.
Only one exploration play in a hundred really has a hope of being turned into a deposit. You then have the hurdles of getting into a deposit, which won't happen in one or two years. You're looking at 10 to 20 years of investment before you might get a rate of return on your investment.
Those are some of the other factors that need to go into the equation.