I'll comment on the question on the capital requirement to develop these technologies.
On the advanced reactor technology, I think you have to appreciate that this exists in the new paradigm. The old paradigm of nuclear development was a state-led, enormous project. That is not the paradigm that we see today, which is private-sector-led. We expect that we will continue to receive significant private sector support. Our approach is that we are going to take that support, that clear private sector leadership, to the Canadian government and say, “There is leadership here. The private sector would like to commercialize these systems in Canada, and what we'd like at this point is assistance in getting over the development of the first plant.”
But the first plant in this whole project is not a $10-billion, $12-billion, or $15-billion project. This is a $1-billion to $2-billion project, because the technologies that we are looking at are on a rich tapestry. On that rich tapestry are the technologies that have accumulated over 50 years—a tremendous amount of national-lab-level investment already. All we are doing as a private sector company is looking at those technologies through the lens of today's market needs and national needs and asking if we should be developing these technologies now.
We believe that with our reactor, the IMSR, we should absolutely be commercializing this reactor, taking the last step, the engineering step, to bring this reactor to market. This is a $1-billion to $2-billion project for the first reactor—actually, I should probably say $2 billion from a Canadian-dollar perspective—and it's not a moon mission. It is not part of the old paradigm of state-led projects in the nuclear space.