I'll start.
Thank you for the question, Mr. Trost.
There are other factors involved besides regulatory efficiencies. The lack of certainty that's associated with our timelines really restricts our company's abilities to move on projects quickly. The long lead time is an impediment. More regulatory certainty, with efficiency built in, would certainly be an advantage to Canada for the dollars from our company.
The other issue we face is the cost. The rising cost of infrastructure has really made it hard for Canada to compete with other projects. We, AREVA, are currently in environmental assessment for the Midwest project, and we are also in an environmental assessment process with NIRB in Nunavut.
Both of those projects, once they get through the environmental assessment process, are facing some competitive challenges on the economics side of the project. Our costs have greatly increased over the price of uranium; even through uranium is sitting at close to $50, our costs are in excess of that.